As the adage goes, something that cannot be measured cannot be improved. This fact is inclusive of most things in life including home loans. If you're looking to live a debt-free life, first make sure you calculate how much you can afford to spend. A home loan eligibility calculator is a great tool that'll help you get an idea of the monthly and yearly payment breakdowns. The calculator allows you to assess your mortgage payment options. There are plenty of websites that provide a home loan calculator.