Your situation
Cash you can put toward down payment + stamp duty & registration.
You can afford a home up to
₹64.52 L
currently limited by your savings
Loan you can service₹69,13,850
Max affordable EMI₹60,000
Savings support up to₹64,51,613
Affordable property₹64,51,613
Assumes an 80% loan (20% down payment) and ~11% Tamil Nadu stamp duty + registration on top. When "limited by savings," a larger down-payment fund would let you afford more; when "limited by income," a co-applicant or longer tenure would help.
How much home can you actually afford?
Affordability is set by two ceilings, and the lower one wins. The first is your income: lenders let you put about half your net income toward EMIs, which caps the loan you can service. The second is your savings: you need a down payment (typically 20% of the price) plus around 11% for Tamil Nadu stamp duty and registration — all paid upfront from your own funds.
This calculator works out both ceilings and shows the lower one as your realistic budget, then tells you which factor is holding you back — so you know whether to focus on saving more or boosting loan eligibility.
Frequently asked questions
Why do I need savings beyond the down payment?
Stamp duty and registration (~11% in Tamil Nadu) can't be funded by your home loan — they're paid from your own pocket at registration. So your savings must cover both the down payment and these charges.
My budget says "limited by income" — what does that mean?
Your savings could support a larger purchase, but the loan your income can service is the constraint. Adding a co-applicant, extending the tenure, or clearing existing EMIs would raise this ceiling.
Does this include maintenance and other costs?
No — it covers price, down payment, loan, and statutory charges. Budget separately for interiors, parking, maintenance deposits, and moving costs.
Ready to find the right property?
Talk to a Jumbo Realty advisor — RERA-registered, Chennai-wide, no obligation.