Down Payment Calculator
Work out the down payment you need to buy a home, the total upfront cash including stamp duty, and exactly how much to save each month to get there by your deadline.
Plan your down payment
₹15.00 L target · most lenders want 10–25%.
Deadline to have the cash ready.
Popular plans
Return on where you keep the fund (RD/debt ~6–7%, hybrid ~9–10%).
For the true-cost view — the loan taken after your down payment.
Results update live — calculations run in your browser, no signup.
₹10.2K/mo
For 5 years — to put the ₹15.00 L down payment (20% of the ₹75.00 L home) in hand (incl. your ₹5.00 L head start)
Realistic — saving ₹10.2K/mo at 8.0% grows your ₹5.00 L to the ₹15.00 L target. A 3–5 year horizon keeps the monthly saving manageable for most buyers.
Assumes a constant 8.0% return on savings (compounded monthly) and today's price — returns are not guaranteed, and stamp duty (~7%) varies by state.
The down payment is rarely the whole bill — stamp duty, registration and fees add a big chunk on day one.
What you pay upfront
₹21.38 L
To reach the down payment
₹10.2K/mo
for 60 months, to hit ₹15.00 L
To cover all upfront cash
₹18.8K/mo
for 60 months, to hit ₹21.38 L incl. stamp duty
True cost of the home
over the loan lifeAfter the down payment, the ₹60.00 L loan adds EMIs and interest on top.
EMI ₹52.1K/mo on the ₹60.00 L balance at 8.50% for 20 years — adjust the loan rate and tenure under Advanced options.
The monthly saving needed for the same ₹15.00 L down payment at different timelines.
A longer runway means a lighter monthly saving, because returns do more of the work and your existing ₹5.00 L compounds longer — but property prices may rise meanwhile, and you stay out of the home for longer. A shorter runway gets you in sooner but demands a heavier monthly commitment.
If you change the down payment %
Same 5-year deadline and 8.0% return — what each level demands.
| Down % | Target | Save/mo | Loan left |
|---|---|---|---|
| 10% | ₹7.50L | ₹69 | ₹67.50L |
| 15% | ₹11.25L | ₹5.1K | ₹63.75L |
| 20%you | ₹15.00L | ₹10.2K | ₹60.00L |
| 25% | ₹18.75L | ₹15.3K | ₹56.25L |
| 30% | ₹22.50L | ₹20.3K | ₹52.50L |
If you change the timeline
Same 20% down payment (₹15.00 L) and 8.0% return.
| Buy in | Save/mo | You contribute | Growth adds |
|---|---|---|---|
| 2y | ₹35.0K | ₹8.40L | ₹1.60L |
| 3y | ₹21.2K | ₹7.63L | ₹2.37L |
| 5yyou | ₹10.2K | ₹6.13L | ₹3.87L |
| 7y | ₹5.5K | ₹4.66L | ₹5.34L |
| 10y | ₹2.1K | ₹2.54L | ₹7.46L |
When you cross each quarter of the ₹15.00 L target, saving ₹10.2K/month at 8.0%.
- 25%Today₹3.75 L
- 50%1y 6m₹7.50 L
- 75%3y 5m₹11.25 L
- 100%Year 5₹15.00 L
How the ₹15.00 L comes together
- Total upfront cash: ₹21.38 L (with stamp duty)
- Returns contribute: ₹3.87 L of the target
- Loan after down payment: ₹60.00 L
Key takeaways
- Down payment target: ₹15.00 L (20%)
- Save each month: ₹10,208 for 5 years
- Total upfront cash: ₹21.38 L (with stamp duty)
- Returns contribute: ₹3.87 L of the target
- Loan after down payment: ₹60.00 L
Key insight
Returns do 26% of the heavy lifting on this goal — keeping the fund somewhere that earns 8.0% (not idle cash) meaningfully cuts what you must save each month.
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Your plan: save ₹10.2K/month for 5 years → the ₹15.00 L down payment.
Plan the rest of the purchase
Turn the down payment into a full plan — the EMI on the balance, a SIP to build the fund, and what you can borrow.
The monthly saving is solved from a compound-growth model: your existing savings plus each monthly contribution grow at the return you enter (compounded monthly), and the calculator finds the contribution that reaches the down-payment target by your deadline. Stamp duty is estimated at ~7% of the price and other costs (legal, processing, brokerage, moving) at ~1.5% — both vary by state, lender and property, so confirm the actual figures. The return on savings is an assumption, not a guarantee, and market-linked funds can fall in the short term. The model assumes today's price; if property prices rise while you save, the target rises too. Keep an emergency fund separate from this goal. Treat every figure here as a planning estimate, not a final quote.
How the monthly saving is calculated
PMT = (T − S·(1 + i)ⁿ) ÷ [ ((1 + i)ⁿ − 1) ÷ i × (1 + i) ]
- PMT
- monthly saving needed
- T
- down-payment target
- S
- amount already saved
- i
- monthly return = annual rate ÷ 12 ÷ 100
- n
- number of months = years × 12
Worked example
With your inputs — a ₹15.00 L target (20% of ₹75.00 L) in 5 years: the monthly rate is i = 0.667% and n = 60 months. Your ₹5.00 L already saved grows to about ₹7.45 L on its own. The remaining ₹7.55 L comes from contributions made at the start of each month — about ₹10.2K/month, of which returns add ₹3.87 L along the way.
Most asked down payment questions
Lenders in India typically finance up to 75–90% of a property's value, so you'll usually need 10–25% as a down payment from your own pocket. A 20% down payment is a common target — it keeps the loan-to-value comfortable and often unlocks a slightly better interest rate. On top of the down payment you also pay stamp duty and registration (around 7% of the price, varying by state) and other one-time costs, all from savings rather than the loan.
It depends on three things: the down-payment target, how long you have, and the return your savings earn. This calculator solves for the exact monthly amount — it grows your existing savings plus each monthly contribution at your expected return and finds the contribution that hits the target by your deadline. Saving for longer, or earning a higher return, both lower the monthly amount needed.
For a goal within 2–3 years, capital safety matters more than returns, so a recurring deposit, short-term debt fund or high-yield savings account is sensible — equity can fall just when you need the money. For a 5-year-plus horizon you can take a little more risk with a balanced or hybrid fund for a higher expected return, but never park near-term home money entirely in volatile equity. The return you enter here should reflect where you'll actually keep it.
No — and this is where many buyers fall short. On a home you also pay stamp duty and registration (about 7% of the price in many states), plus legal fees, loan processing charges, brokerage and moving costs. This calculator adds an estimate for these so the 'total upfront cash' figure reflects what actually has to leave your bank account on the day, not just the down payment.
A bigger down payment shrinks the loan, the EMI and the lifetime interest — but reaching it takes longer or a higher monthly saving. Buying sooner with a smaller down payment gets you into the home earlier but means a larger loan. The 'save more vs wait longer' section shows the monthly saving needed at each timeline, so you can weigh getting in sooner against a lighter loan later. Keep an emergency fund either way.
By default it assumes today's price. In reality property prices can rise while you save, which raises the down-payment target — so saving over a long horizon carries the risk that the goalpost moves. A practical approach is to aim slightly above the current target, review the price yearly, and step up your monthly saving if values climb. Treat every figure here as a planning estimate, not a guarantee.
The complete guide to saving for a down payment
What a down payment actually is
A down payment is the share of a property's price you pay upfront from your own savings, with the rest financed by a home loan. Lenders typically fund 75–90% of the value, so you need 10–25% in cash — a 20% down payment is a common target that keeps the loan-to-value comfortable and can fetch a slightly better rate. The bigger the down payment, the smaller the loan, the lower the EMI, and the less interest you pay over the life of the loan.
How much to save each month
The monthly saving depends on your target, your deadline and the return your fund earns. This calculator grows your existing savings plus each monthly contribution at your expected return, compounded monthly, and solves for the contribution that reaches the target by your deadline. A longer runway and a higher return both lower the monthly amount — returns can quietly cover a meaningful slice of the goal, which is why where you keep the fund matters as much as how much you put in.
Don't forget stamp duty and costs
The down payment is only part of the cash you need on the day. Stamp duty and registration run to roughly 7% of the price in many states, and there are legal fees, loan processing charges, brokerage and moving costs on top — all paid from savings, not the loan. This calculator adds an estimate for these so the total upfront cash reflects what really leaves your account, and shows the separate monthly saving needed to cover the full amount, not just the down payment.
Where to keep your down-payment fund
For a goal within 2–3 years, capital safety beats chasing returns — a recurring deposit, short-term debt fund or high-yield savings account protects the money from a market dip just before you need it. For a 5-year-plus horizon you can take a little more risk with a balanced or hybrid fund for a higher expected return. Set the return in this calculator to match where you'll actually keep the money, and review it yearly — and if property prices climb while you save, step up your monthly contribution so the goalpost doesn't outrun you. Treat every figure here as a planning estimate, not a final quote.