What does the home cost per month?

How we calculate

The monthly cost is the figure you actually compare between homes, not the asking price. It has three parts: interest on the loan, amortisation (mandatory, but it is saving that cuts your debt) and the shared or running costs.

Amortisation follows your loan-to-value

If the loan is above 60 % of the home value you must amortise at least 2,5 % of it a year (the lending regulation, § 9). Below 60 % there is no requirement, but amortisation is saving.

Always stress-test

Rates move. Tap the stress test to see the monthly cost at 3 percentage points higher, at least 7 %, the level the bank uses when assessing your application. If your budget survives that, you are on solid ground.