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Mortgage Budget Calculator

Calculate your monthly mortgage payment, total interest and full repayment cost based on property price, down payment, interest rate and loan term.

🇩🇰 All calculations are based on Danish rules, rates, and currency (DKK). This calculator is translated for convenience but applies exclusively to Denmark.

Mortgage Budget Calculator for Danish Home Buyers

Planning to buy a home in Denmark? This mortgage budget calculator helps you estimate your monthly and annual mortgage payments based on the property price, your down payment, the current interest rate and your chosen loan term. In Denmark, most home loans are structured as annuity loans through mortgage credit institutions (realkreditinstitutter), and a contribution rate (bidragssats) is added on top of the nominal interest rate.

How the Calculation Works

The calculator uses the standard annuity formula to determine your fixed monthly payment. It factors in both the nominal interest rate and the lender's contribution rate to give you the true cost of borrowing. You can adjust the down payment percentage — Danish regulations typically require at least 5% — and the loan term, which is most commonly 30 years.

Understanding the Results

The results show your total loan amount after the down payment, the fixed monthly and annual payments, the total amount repaid over the full term, and how much of that goes to interest alone. This gives you a clear picture of the long-term cost of your mortgage and helps you decide whether the property fits your budget.

Frequently Asked Questions

What is the minimum down payment for buying a home in Denmark?

Danish regulations typically require a minimum down payment of 5% of the property price. The remaining 80% can be financed through a mortgage loan (realkreditlån) and up to 15% through a bank loan, though the bank loan portion usually carries a higher interest rate.

What is the bidragssats (contribution rate)?

The bidragssats is a fee charged by Danish mortgage credit institutions on top of the nominal interest rate. It typically ranges from 0.4% to 1.2% depending on your loan-to-value ratio and the type of loan. It is an ongoing annual cost that significantly affects your total monthly payment.

Should I choose a fixed or variable interest rate?

Fixed-rate loans offer predictable payments but typically have higher initial rates. Variable-rate loans (F1, F3, F5) start lower but can fluctuate. Your choice depends on your risk tolerance and financial situation. Consult your mortgage advisor for personalized guidance.

Can I deduct mortgage interest from my taxes?

Yes, in Denmark you can deduct mortgage interest payments from your taxable income. The tax value of the deduction is approximately 33% for interest expenses up to a certain threshold, and 25% above that threshold. This effectively reduces your net borrowing cost.

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