What does the home cost per month?
Move the sliders and see the monthly cost at once: interest, amortisation and owner expenses or the co-op charge. Not the price, but what you actually pay each month.
At least 5 % of the price
Property tax, insurance, association (excl. loan and utilities)
Adjust rate
Default: average mortgage rate (Statistics Denmark)
The bank tests 1 percentage point higher, at least 4 %
How we calculate
The monthly cost is the figure you actually compare between homes, not the price. It has three parts: interest on the loan, amortisation (mandatory, but it is saving that cuts your debt) and the owner expenses or co-op charge.
Owner-occupied or co-op
In an owner-occupied home you pay owner expenses (property tax, insurance, association) on top of the loan. In a co-op you pay the boligafgift, which also covers the association's interest and principal, so high association debt shows up as a high charge, read it in the key-facts statement.
Always stress-test
Rates move. Tap the stress test to see the monthly cost at 1 percentage point higher, at least 4 %, the level the bank uses. If your budget survives that, you are on solid ground.
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