Down Payment Calculator
Find out exactly how much down payment you need, your current savings gap, and whether you're on track to afford it in time.
Additional Savings Needed = Down Payment − Current Savings
Monthly Required = Savings Target / Months (with compound growth)
Disclaimer. This calculator provides a planning estimate only and does not account for your specific lender's LTV policy, credit profile or local stamp duty rates — consult a mortgage advisor or bank before finalizing your home purchase budget. Read full disclaimer →
About Down Payment Calculator
The down payment is the initial upfront payment you make when buying a property, with the remainder financed through a home loan. RBI guidelines require banks to finance a maximum of 75-90% of the property value (Loan-to-Value ratio), meaning you must arrange 10-25% as down payment. For properties above Rs 75 lakhs, the maximum LTV is 75%, requiring a 25% down payment.
Down payment components: own contribution (savings, liquid investments), plus stamp duty and registration (4-7% of property value, not financed by banks), plus moving costs, interior work, and contingency. Total cash required at purchase is typically 30-35% of property value including all these costs. Sources for down payment: savings, liquidating mutual fund/equity investments, family gifts, company loans, Provident Fund withdrawal (allowed for home purchase after 5 years of EPF membership), and selling existing assets. Avoid emptying your emergency fund for the down payment.
Worked Example
For an ₹80,00,000 home with a 20% down payment requirement, ₹8,00,000 already saved, saving ₹25,000/month for 3 years at a 10% expected return: down payment required = ₹16,00,000, loan required = ₹64,00,000, current shortfall = ₹8,00,000. Projected savings (monthly contributions plus growth on existing savings) reach about ₹21,09,000 — comfortably ahead of target, with roughly ₹5,60,000 more needed for stamp duty (~7%).