How much can you borrow in Denmark?
Your budget is set by two limits: your down payment and your gældsfaktor (total debt divided by yearly income). Here is the price you can reach.
highest price
Combined, before tax
How we calculate
How expensive a home you can buy is set by two limits. One is the down payment: you must put in at least 5 % of the price yourself (the 5 % rule), so a mortgage and bank loan cover the rest. The other is the gældsfaktor.
Gældsfaktor: ideally under 4
The gældsfaktor is your total debt divided by gross yearly household income. Above 4 is treated as high debt, and if you exceed both a gældsfaktor of 4 and 60 % LTV, Finanstilsynet requires a robust loan (fixed rate with amortisation).
The bank stress-tests you
The bank also assumes a rate 1 percentage point above the fixed mortgage rate, at least 4 %, and that you can service a 30-year fixed amortising loan. In practice the rådighedsbeløb (money left to live on) is often the real limit.
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