Down Payment Calculator
Calculate down payment for home purchase with detailed cost breakdown
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📋 Down Payment Guidelines
🏦 Bank Requirements
Most banks require 10-20% down payment for home loans.
🏠 First-time Buyers
Some schemes allow 5% down payment with PMAY benefits.
📈 Higher Down Payment
Higher down payment means lower EMI and less interest paid.
💰 Additional Costs
Remember registration, stamp duty, processing fees (5-10% extra).
Understanding Down Payment Requirements
🏦 Bank Requirements
- Standard: 20% of property value
- Economy homes: 10-15% minimum
- Luxury properties: 25-30%
- Higher down payment improves loan terms
📋 Additional Costs
- Registration: 5-6% of property value
- Stamp duty: 5-7% (varies by state)
- Processing fees: 0.5-1% of loan amount
- Legal & technical fees: 0.5-1%
- GST: 1-5% on under-construction
Frequently Asked Questions (FAQs)
A down payment is the initial upfront payment made when purchasing a property, with the remaining amount financed through a home loan.
For most home loans in India, banks require 10-20% down payment. Some government schemes allow 5% for first-time buyers.
Higher down payment means lower loan amount, lower EMI, less total interest paid, and better loan approval chances.
Registration charges (5-6%), stamp duty (5-7%), processing fees (0.5-1%), GST, and legal fees add 8-10% to property cost.
Yes, you can withdraw from your EPF account for down payment if you've completed 5 years of service.
