- The maximum home price you can genuinely afford, not just what a bank is willing to lend
- Your exact monthly EMI and the true total cost of the loan over its full tenure
- How much you'll save on income tax with a home loan under Section 24(b)
- Whether buying actually beats renting in your specific situation, and by when
- How much you'd save by making small extra payments each month
What you'll figure out
Step preview
1
What can you afford?
Let's start with your budget before looking at loans
2
What will your EMI be?
Calculate your monthly home loan payment
3
What's your tax benefit?
Home loans come with significant tax deductions
4
Rent vs buy — what's smarter?
Compare the true long-term cost of both options
5
What if you prepay?
See how extra payments can save you years and lakhs
Start Journey →
Takes about 12 min · Save anytime
Buying a home is the largest financial decision most people make, yet most buyers only calculate one thing: the EMI. This journey walks through five connected calculations — affordability, EMI, tax benefit, rent vs buy, and prepayment — that together give a full financial picture instead of one number in isolation.
Who this is for
- First-time home buyers in India planning a purchase in the next one to three years
- People currently renting who are weighing whether to buy
- Existing home loan holders who want to see the impact of prepaying
Related journeys
Frequently Asked Questions
About 12 minutes. You can pause and resume anytime within the same browser session — your inputs are saved as you go.
No. Each step works as a standalone calculation, but the summary page is most useful once you've run all five, since the later steps build on numbers from the earlier ones.
No. Everything stays in your browser's session storage and clears when you close the tab. Nothing is sent to thecalcu.com's servers.
Yes. Go back to any step, change a value, and the steps that were calculated from it get flagged as needing a recalculation — you'll see a banner on those steps and on the summary page.
Those values carry forward automatically from the affordability step, but they're editable here — if you've since gotten a quote from a specific lender with a different rate, you can adjust it without going back.
The tax benefit step will show ₹0 for Section 24(b) savings, since that deduction only applies under the old regime. It's still worth running — seeing that number is often what prompts people to check whether switching regimes makes sense.
It uses the property price, down payment, interest rate, and tenure from the earlier steps to model the loan itself, rather than taking the EMI as a fixed input — that way the comparison accounts for the full cost of the loan over your chosen time horizon, not just one monthly figure.
Yes — by that point in the journey, your loan amount, interest rate, and tenure are settled from step 1, so those three fields are locked. You only choose how much extra you'd pay and when.
It pulls together the key result from every step you've completed into one view, with a share option for WhatsApp, a PDF download, and a copy-link button so you can send your plan to a partner, a CA, or a lender.
Yes — there's a "Start over" option on the summary page that clears your saved inputs for this journey and lets you run through it again from scratch.