How do I figure out how much money I need for a down

To figure out how much money you need for a down payment, you can follow these steps:

1. Determine the purchase price of the home you want to buy.
2. Decide on the percentage of the purchase price you want to put down as a down payment. A typical down payment is 20% of the purchase price, but there are some loan programs that allow for lower down payments.
3. Multiply the purchase price by the percentage you decided on in step 2. For example, if the purchase price is Rs. 50,00,000 and you want to put down 20%, multiply Rs. 50,00,000 by 0.20 to get Rs. 10,00,000.
4. Add any additional costs associated with the down payment, such as closing costs or prepaid items. These can vary depending on the lender, so it's best to get an estimate from your lender.

It's important to note that having a larger down payment can lower your monthly mortgage payments and can potentially help you secure a better interest rate. However, it's also important to have some cash reserves for unexpected expenses or emergencies.