Down Payment Calculator
Calculate down payment, loan amount, and EMI for property purchase
Results
Down Payment Calculator
Calculate the optimal down payment for property purchase, resulting loan amount, and monthly EMI. Understand the impact of down payment percentage on your loan burden.
Formula
EMI is then calculated on the loan amount using standard EMI formula
Example Calculation
Scenario:
Property worth ₹80 lakh, 20% down payment, loan at 8.5% for 20 years
Calculation:
Down payment = ₹16 lakh, Loan = ₹64 lakhResult:
Monthly EMI: ₹55,541; Total payment: ₹1.49 crore (including down payment)
Key Points
- •Higher down payment reduces loan amount and total interest burden
- •Banks typically require 10-20% down payment for home loans
- •Higher down payment may help negotiate better interest rates
- •Keep emergency fund aside before maximizing down payment
- •Consider opportunity cost of locking money vs. investing elsewhere
Tax Implications:
- •Down payment itself is not tax deductible
- •Stamp duty and registration charges can be claimed u/s 80C (up to ₹1.5 lakh limit)
- •Loan principal repayment eligible for deduction u/s 80C
- •Interest paid on loan deductible u/s 24(b) up to ₹2 lakh
Disclaimer: The calculations and information provided are estimates based on the inputs provided and current rates as of November 2025. Actual results may vary. Interest rates, tax laws, and regulations are subject to change. Please consult with a qualified financial advisor or tax professional for personalized advice.