Mortgage Planner

LOAN AFFORDABILITY CALCULATOR

Full-featured analysis with PMI, rate comparison, tax deductions, equity projections, and advanced amortization.

Private by design No signup · Free

Your Finances

Affordability Scenarios

Conservative (28%) $0 $0/mo

Moderate (36%) $0 $0/mo

Aggressive (43%) $0 $0/mo

Affordability Report

Estimates for education only — not financial, tax, or investment advice. Verify with a qualified professional. Disclaimer

Max Loan Amount $0

Max Home Price $0

Down Payment 0%

Total Monthly Cost $0

Total Interest Paid $0

Total Cost of Loan $0

Monthly Payment Breakdown +PMI

Ins

Principal Interest Tax Insurance HOA

DTI Ratio

0%Excellent50%+

Mortgage Interest Tax Deduction Estimator

Year-1 Interest$0

Year-1 Tax Saved (24%)$0

5-Year Interest$0

5-Year Tax Saved$0

Equity & Net Worth Projection

Year-1 Equity$0

Year-5 Equity$0

Year-10 Equity$0

Year-15 Equity$0

Total Payments (Year 5)$0

Total Payments (Year 10)$0

Full Amortization Schedule (Year by Year)

Year	Payment	Principal	Interest	Balance

Frequently Asked Questions

How does the Loan Affordability Calculator work?

Enter income, monthly debts, rate and tenure. The tool applies the 40% EMI-to-income rule locally, derives max affordable EMI and loan principal, and shows safe borrowing range with payment estimates.

Is the Loan Affordability Calculator free to use?

Yes, it is completely free with no hidden fees, subscriptions, or usage limits. No sign-up or account required. With Loan Affordability Calculator, re-run with your own inputs before deciding.

How accurate are the results?

Affordability inverts EMI math at the 40% income cap with standard reducing-balance formulas. Confirm lender FOIR, insurance and fees, since they lower sanctioned principal.

Is my data safe when using Loan Affordability Calculator?

Absolutely. All calculations happen locally in your browser. Your data never touches any server and is never stored or tracked. With Loan Affordability Calculator, re-run with your own inputs before deciding.

What is the 40% EMI-to-income rule?

Lenders typically cap total EMIs near 40% of net monthly income for Loan Affordability Calculator. The tool inverts standard EMI math at that cap to estimate a safe loan amount. Banks apply their own buffers, so treat this as a starting screen.

How does a larger down payment change affordability?

A larger down payment cuts principal so the same EMI supports a costlier property for Loan Affordability Calculator. Re-run with higher upfront amounts to see interest saved, then confirm eligibility and fees with your lender.

How to Use

Enter Income and Debts

Type monthly income, existing EMIs, interest rate and desired tenure in years.

Check Affordable EMI

See max EMI at the 40% income rule with safe borrowing range highlighted.

Derive Loan Principal

Review affordable house price and principal from salary with FOIR notes for India.

How to Calculate

Max EMI equals income × 0.40 − existing debts. Principal inverts EMI math via P = EMI × ((1+r)^n − 1) / (r × (1+r)^n) with reducing balance. Lenders then apply FOIR haircuts, insurance and fees.

About the Loan Affordability Calculator

The Loan Affordability Calculator derives how much home loan your salary supports using the 40% EMI-to-income rule, reducing-balance principal math and affordable house-price estimates for India. It shows safe borrowing range with payment breakdowns.

Income, debts and rate assumptions stay local while you test borrowing limits. Adjust tenure and down payment to see EMI impact, then verify with your lender.

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Methodology & feedback

Figures run locally in your browser from the values you enter (page updated 2026-10-02). Estimates are educational only — verify finance, tax and health decisions with a qualified professional (see Disclaimer). Spotted an error? Report it via contact and we correct with a new update date.

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