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For Investors
Imagine falling in love with a 3 BHK apartment, only to later find out your loan eligibility falls ₹20 lakhs short.
Disheartening, right?
That’s why before you search for your dream home, you need to answer this:
How much home can I really afford?At Housivity, we believe buying a home should feel empowering, not overwhelming. And our free Home Affordability Calculator is designed to make that happen — built for India, built for you.
Let’s break it down in simple terms.
A Home Affordability Calculator is an online tool that tells you the maximum property value you can afford based on:
Your monthly incomeYour existing EMIsThe down payment you can makeExpected interest rates and loan tenureThink of it as your personal budget coach for real estate. No over-promises, no jargon — just numbers that make sense.Here’s a truth bomb: most affordability calculators in India are made for the banks' benefit, not yours.
But Housivity is different.
We’re a real estate platform built around your needs — not commissions, not aggressive selling. Our calculator is:
Tailored for Indian householdsTested with actual home buyers across cities like Ahmedabad, Rajkot, GIFT City & SuratDesigned to factor in real-time RBI guidelines + flexible EMI ratios100% free with no login requiredAnd the best part? It works even if you're self-employed, a freelancer, or buying a home jointly.
Let’s walk through the key inputs:
| Field | What You Input |
|---|---|
| Monthly Income | Your gross monthly income (salary or business) |
| Existing Loan EMI | If you’re already paying loans (personal, car, education) |
| Down Payment Budget | How much savings you plan to use upfront |
| Expected Loan Tenure | Typically 15 to 30 years |
| Estimated Interest Rate | Usually ranges from 8% to 9.5% |
Based on these, our algorithm calculates:
Total loan eligibilityTotal property value you can targetApproximate monthly EMI you’ll payExample: Let’s Say...
Monthly Income: ₹80,000Existing EMIs: ₹5,000Down Payment Budget: ₹10 lakhsLoan Tenure: 20 yearsInterest Rate: 8.5%You can afford a home worth approximately ₹55–₹60 lakhs, with an EMI of ₹38,000–₹42,000
Want numbers tailored to your situation? 👉 Use the Calculator Now
Here’s a mistake 70% of first-time buyers make:
They assume if a bank approves ₹60L as loan, they can buy a ₹60L house.
Why? Because you still have to arrange the down payment and pay monthly EMIs without hurting your lifestyle.
Your real affordability depends on how much you can borrow + how much you can pay upfront + how comfortably you can pay the EMI.
At Housivity, our calculator doesn’t just throw a number — it helps you balance all 3.
First-time home buyersSalaried professionals planning for futureSelf-employed looking to plan smartlyNRIs checking affordability before investingCouples applying for joint loansParents planning to buy a flat for their childrenWe use a practical version of this formula:
Home Affordability = Down Payment + Loan Eligibility
Where:
Loan Eligibility =
Eligible EMI÷EMI per lakh (based on tenure and interest) {Eligible EMI} {EMI per lakh (based on tenure and interest)}Eligible EMI÷EMI per lakh (based on tenure and interest)
Our backend adjusts for:
Maximum 40–45% EMI-to-Income ratioVarying tenure from 10–30 yearsInterest rate from 7% to 10%The Housivity calculator is designed to work flawlessly on any device:
Mobile-first experienceInstant results with no lagZero personal data requiredNo downloads or apps neededUse it anytime, anywhere — even during a site visit.
We’ve tested and adapted our affordability logic for:
AhmedabadRajkotSuratGandhinagarBhavnagarGIFT CitySo, your results reflect real property trends in these locations.
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