Down Payment Assistance Calculator
This calculator helps you with the maximum eligible amount towards interest free down payment assistance under the HomeCapital Program. Please note that the interest free down payment assistance cannot exceed your contribution (i.e. 50% of the total down payment requirements). Kindly fill the basic details below to know your eligible amount.
You can afford a home worth
(A + B + C + D)
(A + B + C + D)
Note: Results are based on what you entered and should be used as a guide only. Lender rates and products may change. We cannot recommend a product until we have double checked that the home loan is suitable for you.
Home Financial Planning
The table below illustrates the break-up of the final price of your house and sources of funds to help you plan your finances better.
Cost of Home
|Stamp Duty and Registration||2,70,000|
|Total Home Price||59,40,000|
|Down Payment Savings||(5%)||2,76,750|
|Payment at Possession||(14%)||8,50,500|
Note: Stamp Duty and other charges are indicative only. Please reconfirm the exact charges with the developer at the time of booking. Actual home loan amount is subject to approval of lending bank.
Initial Contribution Amount Workings
Please find below the indicative break-up of down payment requirements for your selected home. HomeCapital will arrange interest free loan for 12 months for an amount of up to 50% of the initial down payment requirements.
Initial Contribution Amount
|Offering booking amount||2,57,728|
|Stamp Duty amount||2,70,000|
|Total Down Payment Required||5,53,500|
Note: Stamp Duty and GST charges are indicative only. Please reconfirm the exact charges with the developer at the time of booking. Down payment assistance is subject to you paying your contribution (minimum 50% of the down payment requirements).
The table below illustrates the monthly payment schedule including your home loan EMIs and interest free down payment assistance EMIs. Total EMIs as % of salary indicate your debt level (65% or below is considered normal).
|Month||Home Loan Outstanding||Home Loan Pre-EMI||HomeCapital Program EMI||HomeCapital Program Outstanding||EMI as % of Salary|
Note: Home loan outstanding is based on construction linked disbursements estimates for a standard 3 year construction period.