Mortgage calculator — how much can you borrow?
Work out your housing budget and monthly cost right away. Enter household income, your down payment and the current rate — no personal details, no sign-in.
Your circumstances
3 030 000 kr
2 430 000 kr
80 %
After interest relief (30%): 9 720 kr/month
This calculation is indicative. Your bank always runs its own credit check with a stressed rate.
Worked examples
Three typical scenarios at 4% interest (interest relief included).
6 800 kr/month
- Loan: 1 700 000 kr
- Down payment: 300 000 kr
- Maximum price: 2 000 000 kr
14 500 kr/month
- Loan: 3 400 000 kr
- Down payment: 600 000 kr
- Maximum price: 4 000 000 kr
21 013 kr/month
- Loan: 5 130 000 kr
- Down payment: 1 200 000 kr
- Maximum price: 6 330 000 kr
How the mortgage calculator works
The mortgage calculator works out your maximum budget from two rules every Swedish bank must follow:
- The debt-to-income cap: Your mortgage must not exceed 4.5 times the household's gross annual income. On 540,000 kr/year the maximum loan is 2.43 million kronor.
- The down-payment requirement: You must put down at least 15% of the home price as a down payment. With 450,000 kr saved you can buy for at most 3 million (450k / 0.15).
The lower of these two limits becomes your maximum budget. The calculator also works out your monthly cost: interest minus interest relief plus amortisation.
Remember that the bank always runs its own credit check with a higher stressed rate (often 6–7%) and factors your other spending into a left-to-live-on assessment.
Frequently asked questions about mortgages
The calculator works out your maximum budget from three variables: household gross income, your down payment and the current mortgage rate. It applies the banks' debt-to-income cap (loans of at most 4.5× annual income) and the 15% down-payment requirement. The result shows maximum price, maximum loan, loan-to-value and your estimated monthly cost including interest relief.
The debt-to-income cap means your mortgage must not exceed 4.5 times your gross annual income. If the household earns 600,000 kr per year, the maximum loan is 2.7 million kronor, however large your down payment. This is Finansinspektionen's rule and every Swedish bank applies it.
You need at least 15% of the home's price as a down payment. For a home costing 3 million that means 450,000 kr. You can borrow the remaining 85% as a mortgage. Note that on top of the down payment you also need money for title registration (1.5% of the purchase price for houses) and mortgage deeds (2% for houses).
The rate matters a great deal because the bank assesses your ability to pay using a stressed rate (often 6–7%). One percentage point more on a 3 million loan raises the monthly cost by around 2,500 kr before interest relief. The calculator uses the rate you enter, but the bank always stress-tests with a higher rate.
Interest relief means you get back 30% of your interest costs up to 100,000 kr per person per year through a tax reduction. On amounts above 100,000 kr the relief is 21%. For a couple sharing the interest the relief can be larger since both have their own 100,000 kr threshold.
Amortisation is not really a cost — it is saving that reduces your debt and builds equity in the home. But since the money leaves your account every month, both banks and this calculator count amortisation in the monthly cost. Your 'real' housing cost is net interest plus any monthly fee.