Down Payment Calculator
Plan the SIP required to reach your home down payment goal. Free, privacy-first — inputs never leave your browser.
Details
Result
Required Monthly SIP
₹34,277
Down Payment Needed (today)
₹20,00,000
Down Payment (future)
₹26,76,451
For estimation only. Not professional financial, tax, or legal advice. Consult a qualified advisor before making decisions. Full disclaimer.
Plan your home down payment
Most banks require 20% down payment on home loans. For a ₹1 crore home, that's ₹20 lakh. With 6% property inflation, the home costing ₹1 crore today will cost ₹1.34 crore in 5 years — so your down payment goal should inflate too.
Common questions about Down Payment
How much down payment should I save for a home?+
RBI allows 10%-25% down payment depending on loan size (90% LTV for loans <₹30L, 80% for ₹30-75L, 75% above ₹75L). However, most planners recommend 25%-30% down to reduce EMI burden and avoid being "upside down" if property values dip. For a ₹80 lakh home, aim to save ₹20-24 lakh as down payment plus ₹5-7 lakh for stamp duty, registration, and interiors — total 30%-35% of property value.
Where should I park my down payment savings?+
Depends on time to purchase. 5+ years away: 70%-80% equity mutual funds (flexi-cap, large-cap index) for growth. 2-5 years away: 40%-60% debt/hybrid funds + 40%-60% equity. Under 2 years: shift entirely to debt mutual funds, FDs, or RDs. Market volatility can wipe out 20%-30% of equity corpus in any 12-month window — never take that risk close to the purchase.
How long does it take to save a typical down payment?+
For a ₹25 lakh down payment target over 7 years at 10% return on a balanced mutual fund: invest ₹20,000/month (total out-of-pocket ₹16.8 lakh, corpus ~₹25 lakh). Over 5 years: ~₹32,000/month. Over 3 years: ~₹60,000/month. Starting early and using equity-heavy allocation for longer horizons dramatically reduces the monthly outgo needed.
Should I use PF or PPF money for down payment?+
Partially, yes. EPF allows advance up to 90% of balance for home purchase/construction after 5 years of service — zero cost and tax-free. PPF allows partial withdrawal from year 7 onwards (up to 50% of year-4 balance). However, don't drain retirement funds entirely — keep at least 50% of long-term savings untouched. Mix: use 30%-40% PF/PPF + 60%-70% dedicated down payment SIP corpus.
Is a bigger down payment always better?+
Not always. More down payment reduces loan size and total interest, but ties up capital that could earn more elsewhere. If your home loan rate is 8.75% and you get ₹2L interest deduction (effective ~6.1% post-tax, old regime), and equity returns 12% (LTCG ~10.4% post-tax), investing beyond the minimum down payment wins. For new-regime users with no loan tax benefits, paying down more upfront is often better.
Can I use PMAY subsidy for down payment?+
PMAY (Pradhan Mantri Awas Yojana) Credit Linked Subsidy Scheme provided interest subsidy (up to ₹2.67 lakh) for first-time buyers meeting income criteria (EWS/LIG/MIG-I/II). CLSS for MIG expired March 2021; EWS/LIG component continues. The subsidy reduces effective loan amount, not the initial down payment requirement. Check eligibility on the official PMAY Urban portal before home shopping; subsidy can take 3-6 months post-sanction to get credited.