Home Affordability Calculator — Mumbai Property Budget
Mumbai average price: ₹15,000-30,000/sqft. On ₹1.5L/month salary with ₹15L savings: max house ₹67L. That's a 450-sqft 1BHK in suburbs (Thane, Navi Mumbai) or a 350-sqft studio in South Mumbai.
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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Calculated with CalcHub