Home Mortgage Calculator
Calculate your monthly home loan payments, down payment, and test your affordability with the Debt Burden Ratio (DBR) check.
Understanding Mortgages & Affordability
Buying a home is one of the largest financial decisions you will make. To properly plan for it, you must understand your Down Payment and your Debt Burden Ratio (DBR).
Down Payment Requirements (UAE Example)
In the UAE, the Central Bank mandates minimum down payment percentages to ensure financial stability. For your first property (under AED 5 million):
- Expats: Must provide a minimum down payment of 20% of the property value.
- UAE Nationals: Must provide a minimum down payment of 15% of the property value.
If the property is over AED 5 million, or if it is your second property, the minimum down payment requirements increase significantly.
What is the Debt Burden Ratio (DBR)?
The Debt Burden Ratio (DBR) is the percentage of your monthly income that goes toward paying debts. Central banks (such as the UAE Central Bank) typically stipulate that your total monthly debt payments cannot exceed 50% of your monthly income (for regular employees).
When you apply for a mortgage, banks will look at your proposed new mortgage EMI plus any existing loans or credit card limits. If this total exceeds 50% of your income, the mortgage application will be rejected or the approved loan amount reduced.
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