How do you use the monthly home ownership cost calculator?
- Enter the property price and your down payment. The loan stays within RBI limits.
- Check the interest rate (8.5% by default) and the tenure (20 years).
- Enter the society’s monthly maintenance.
- Open “Add tax, insurance and other bills” for property tax, insurance and anything else you pay every month.
What does it cost each month to own a home?
The EMI is the biggest part, but not the whole bill. Owners also pay the society’s maintenance, a yearly property tax, home insurance if they take it, and smaller regular costs. The calculator adds them into one monthly figure, so you can compare it with your take-home pay or with rent.
Formulas used by the calculator
Loan = min(Price × (1 − down payment %), RBI limit)EMI = L × r × (1 + r)^n ÷ ((1 + r)^n − 1), r = rate ÷ 12, n = monthsEMI + maintenance + property tax ÷ 12 + insurance ÷ 12 + other billsWorked example: ₹ 80 L flat with 20% down
The loan is ₹ 64,00,000, within the 80% RBI limit for loans up to ₹ 75 L. At 8.5% for 20 years the EMI is ₹ 55,541. Add ₹ 4,000 maintenance, ₹ 12,000 property tax a year (₹ 1,000 a month), ₹ 6,000 insurance a year (₹ 500 a month) and ₹ 1,500 of other bills.
The monthly cost of owning is ₹ 62,541, or ₹ 7,50,488 a year. The EMI is 89% of it.
What is the EMI at different prices and rates?
| Price | 8.0% | 8.5% | 9.0% | 9.5% |
|---|---|---|---|---|
| ₹ 50.00 L | ₹ 33,458 | ₹ 34,713 | ₹ 35,989 | ₹ 37,285 |
| ₹ 75.00 L | ₹ 50,186 | ₹ 52,069 | ₹ 53,984 | ₹ 55,928 |
| ₹ 1.00 Cr | ₹ 62,733 | ₹ 65,087 | ₹ 67,479 | ₹ 69,910 |
| ₹ 1.50 Cr | ₹ 94,100 | ₹ 97,630 | ₹ 1,01,219 | ₹ 1,04,865 |
| ₹ 2.00 Cr | ₹ 1,25,466 | ₹ 1,30,173 | ₹ 1,34,959 | ₹ 1,39,820 |
How should you read the result?
Compare the monthly cost with your take-home pay, not your salary before tax. Leave room for savings and emergencies, and remember the EMI stays the same while maintenance and tax usually rise over time.
The one-time costs of buying are separate. See them in the hidden cost calculator. To weigh the monthly cost against renting, use the rent vs buy calculator.
What does this calculator leave out?
- Tax benefits on home loan interest and principal. Ask your CA.
- Rate changes on a floating-rate loan.
- Repairs, furnishing and utilities you would pay in any home.
- One-time costs at purchase.
Frequently asked questions
Related answers and guides
- Home Loan Down Payment: RBI's LTV Limits Explained
- Home Loan Tax Benefit Under the Income-tax Act 2025
- Senior Living Bangalore: Retirement Homes, What to Check
- First-Time Home Buyer Bangalore Guide (2026): Costs, Loans
Sources
- RBI loan-to-value limits: RBI Master Circular on housing finance.
- EMI: standard reducing-balance formula.
Results are indicative and depend on the rate and bills you enter. Indicative only. Please verify with your Chartered Accountant before acting.
Planning a home budget in Bengaluru? Talk to an acre&key advisor.