Buying a House
Find out if you can really afford that property
Property & finances
Typical home-loan rate in India: 8.5–9.5%.
Picking a state above auto-fills this. Female buyers and rural property may pay 1–2pp less; verify with your sub-registrar before booking.
Real cost breakdown
Verdict
Stretched
Debt-to-income: 37.6% of your monthly income would go to EMIs.
Safe ≤ 35% · Stretched 35–50% · Unaffordable above 50%
At 40% DTI, your max affordable property at this rate & tenure is ₹85.2 L.
Total paid to bank
₹1.4 Cr
Your Action Plan
Top up your savings by ₹₹6.8 L before booking
Don't break long-term investments. Park monthly surplus in a liquid mutual fund until you close the gap.
Keep a 9-month emergency fund AFTER buying the house
Home loans amplify your monthly burn. Job loss with a mortgage is much harder than job loss without one.
Compare offers from 3 lenders — banks vs HFCs
A 0.25% rate difference on a ₹50L 20-year loan is ~₹2.5L in interest over the tenure. Negotiate hard.
Budget for unexpected closing costs
Society transfer fees, GST on under-construction, parking premium, club membership, brokerage. Easily another 1–2% of price.
Be cautious — your DTI is stretched
You'll have very little room for surprises. Increase savings or pick a cheaper property.
Don't drain your retirement savings for the down payment
PF, NPS, long-term mutual funds compound for decades. A home loan at 9% is far cheaper than missing 30 years of equity returns.
Don't max out the loan tenure to lower EMI
A 30-year loan at 9% costs roughly 1.6× the property in interest. 20 years is the sweet spot for most buyers.
Calculators that help with this