First-Time Home Buyer Calculator — Affordability & Tips

First-time buyers should follow the 30% rule (EMI ≤ 30% of income) and save 20% as down payment. On ₹80K/month salary with ₹8L savings: max house ₹36L. PMAY can add ₹2.6L subsidy for loans under ₹6L.

Max House Price

₹61,85,388

Max Loan Amount

₹51,85,388

Max Monthly EMI

₹45,000

Down Payment (Savings)

₹10,00,000

Based on the 30% DTI (Debt-to-Income) rule — your EMI should not exceed 30% of monthly income. Lenders typically require 10–20% down payment. Savings assumed to be used fully as down payment.

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Common questions about First-Time Home Buyer Calculator — Affordability & Tips

How much down payment do I need for first home?

Banks finance 80-90% of property value, so you need 10-20% as down payment plus 7-10% for registration, stamp duty, and GST. For a ₹40L house: down payment ₹4-8L + charges ₹3-4L = ₹7-12L total upfront cost.