Mortgage Affordability Calculator
Find out how much house you can afford based on income, existing debts, down payment and interest rate. Enter your numbers — your affordable price range appears instantly using the standard 28/36 rule.
Max monthly payment
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Max home price
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Comfortable range
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Details
How to use
- Enter your gross monthly income before tax and your current monthly debt payments.
- Enter the down payment you can pay and the expected interest rate and loan term.
- Your maximum affordable monthly payment and home price appear instantly.
Note: The 28/36 rule limits housing costs to 28% of gross income and total debts to 36% of gross income. This is an estimate. Confirm actual loan terms with your bank.
Tips
- Stay in the comfortable range, not at the maximum — unexpected costs always appear.
- Pay down existing debts before applying; every rupee of debt reduces your affordable payment.
- A longer loan term lowers the monthly payment but raises total interest a lot.