What is DTI? What is the formula for calculating the DTI ratio?

The Debt-to-Income Ratio is basically the percentage of your gross monthly income that is utilised to service your monthly loan repayments, including the home loan EMIs.

DTI = Total value of loan repayments in a month / Total gross monthly income x 100

How much home loan can you afford?

The amount of home loan you can afford equals the amount of EMI you can pay each month. A Debt-to-Income Ratio between 25% to 36% is considered manageable.

How much down payment does a new home require?

You will have to pay at least 10% of the agreement value of your new home as a down payment. There is no upper limit on the down payment.