Can I afford a ₹60.0 L house on ₹75,000 a month?
No — not on these numbers.
- The upfront amount is more than your savings and investments combined.
- Your cash runs out at age 32 on this plan. Without it, it doesn't.
- EMIs would take 56% of your take-home. Past 50%, most lenders decline outright.
- Housing would eat 62% of take-home. The rule caps it near 35%.
The numbers
| Down payment20% upfront | ₹12.0 L |
| Monthly EMI56% of take-home · 20 years at 9% | ₹41,656 |
| Interest to the bankOver the full tenure | ₹52.0 L |
| Running costsUpkeep, insurance, dues | ₹5,000/mo |
| Emergency buffer afterDown from 6.0 mo | 0.0 mo |
| Cost by age 60Net worth you give up | ₹7.94 Cr |
At ₹75,000 a month you would end up with ₹14.71 Cr by 60 with this house, against ₹22.65 Cr without it.
What this breaks
- Total debt load
EMIs would take 56% of your take-home. Past 50%, most lenders decline outright.
The 36% debt rule (Elizabeth Warren, All Your Worth), converted to Indian lenders' FOIR on net income
- The 28% housing rule
Housing would eat 62% of take-home. The rule caps it near 35%.
The 28/36 mortgage underwriting rule, standard since the 1980s
- Room for error
A 2% rate rise adds ₹6,267/month and pushes EMIs to 64% — past breaking point.
Morgan Housel, The Psychology of Money — plan so the plan survives being wrong
- Three to six months of buffer
Leaves under a month of buffer. One bad month and you're borrowing.
Bogleheads and Dave Ramsey's Baby Steps 1 and 3
- The 50/30/20 savings floor
You'd spend more than you earn each month — a 7% shortfall.
Elizabeth Warren, All Your Worth
Your numbers are not these numbers
This page assumes a great deal about your expenses, savings and existing loans. Enter your own and get the answer for your actual situation.
Run your own numbersWhat this page assumed
You told us one number. Everything else had to be assumed, so here is exactly what was taken for granted:
- Monthly expenses set to 45% of take-home
- Six months of expenses held as an emergency buffer
- One year of take-home already invested
- No existing loan EMIs, and age 32