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🏠 Home Affordability Calculator Engine
Determine exactly how much house you can afford based on current income and debts. We utilize the standard FOIR (Fixed Obligation to Income Ratio) model for max accuracy.
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%
Yrs
Property Budget Summary
MAX PROPERTY BUDGET
₹0
Down Payment + Eligible Loan
Max Eligible Loan
₹0
Max Monthly EMI
₹0
FOIR Mathematics:
$$MaxEMI = (\frac{Income}{12} \times 0.50) – Debts$$
FOIR Logic (50% Rule)
Banks rely on the Fixed Obligation to Income Ratio (FOIR). They assume 50% of your income is for living expenses. The remaining 50% is the absolute maximum available to service all your debts combined.
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