How Much Home Can You Afford in Denmark?
Before you start searching for a property, it is important to know your price ceiling. This calculator works backwards from your monthly net income and a chosen maximum housing-cost percentage to determine the largest mortgage you can service โ and then adds your available savings to arrive at the total property price you can afford.
The 33% Rule of Thumb
In Denmark, a common guideline is that housing costs should not exceed roughly one-third of your net income. This leaves enough room for everyday expenses, savings and a financial buffer. You can adjust the percentage if your personal circumstances allow a higher or lower share, but staying near the recommended level helps keep your finances healthy.
What Affects the Result?
The interest rate and loan term have a large impact on the maximum loan amount. A lower interest rate or a longer term increases how much you can borrow for the same monthly payment. Your savings act as an additional buffer on top of the loan, increasing the property price you can target. Remember that additional costs such as property tax, insurance and maintenance are not included here.