Can we afford this home?
Move the sliders and see two figures the bank also looks at: the debt-to-income ratio and the stress-tested monthly payment. Then you know how much margin there is before you bid.
- Stress-tested payment
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- Share of gross income
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At least 5 % of the price
Your combined gross income per year
Adjust rate
Default: average mortgage rate (Statistics Denmark)
How we calculate
The debt-to-income ratio is your total debt divided by household yearly income before tax. Under 4 is sound, 4 to 5 tightens the bank’s requirements, and over 5 is high debt. It is one of the figures the bank looks at in the credit assessment.
Always stress-test the payment
The payment here is calculated at 1 percentage point over your rate, minimum 4 %, the same level the bank uses. If the budget can carry that, you are on solid ground.
We do not model your tax
We show the debt-to-income ratio and the payment’s share of gross income, not a disposable income after tax, because that varies by bank. Use the figures as a guide, not the bank’s final answer.
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Terms used here
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