10% Rate of Interest
20 Years Loan Tenure
80% Loan as % of the Cost
Affordability Check – Compare your Incomes and check how much EMI you can spare
each month for buying a New Home or an Investment.
|
If EMI is 20% of the Monthly Income
|
|
Amounts
|
Amounts
|
Amounts
|
Amounts
|
|
Option - I
|
Net Monthly Income
|
30000
|
60000
|
90000
|
120000
|
|
Home Loan EMI – Monthly |
|
6000 |
12000 |
18000 |
24000 |
|
Eligible Loan Amount (Approximate) |
|
622,000 |
12,44,000 |
18,65,000 |
24,87,000 |
|
Cost of House |
|
7,75,000 |
15,55,000 |
23,21,250 |
31,08,750 |
|
If EMI is 30% of the Monthly Income
|
|
Amounts
|
Amounts
|
Amounts
|
Amounts
|
|
Option - II
|
Net Monthly Income
|
30000 |
60000
|
90000
|
120000
|
|
Home Loan EMI – Monthly
|
|
9000 |
18000 |
27000 |
36000 |
|
Eligible Loan Amount (Approximate)
|
|
933,000 |
18,65,000 |
27,98,000 |
37,31,000 |
|
Cost of House
|
|
11,66,250 |
23,31,250 |
34,97,500 |
46,63,750 |
|
If EMI is 40% of the Monthly Income
|
|
Amounts
|
Amounts
|
Amounts
|
Amounts
|
|
Option - III
|
Net Monthly Income
|
30000
|
60000
|
90000
|
120000
|
|
Home Loan EMI – Monthly
|
|
12000 |
24000 |
36000 |
48000 |
|
Eligible Loan Amount (Approximate)
|
|
12,44,000 |
24,87,000 |
37,31,000 |
49,70,000 |
|
Cost of House
|
|
15,55,000 |
31,08,750 |
46,63,750 |
62,12,500 |
Research – Mumbai Property Exchange.com