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Down Payment Calculator

Calculate the required down payment amount and remaining loan based on the purchase price and down payment percentage.

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๐Ÿ‡ฉ๐Ÿ‡ฐ All calculations are based on Danish rules, rates, and currency (DKK). This calculator is translated for convenience but applies exclusively to Denmark.

Down Payment Calculator

In Denmark, you are required to make a down payment (udbetaling) of at least 5% of the purchase price when buying a home. This calculator shows you the exact amount you need to save and the remaining loan amount. Understanding these numbers early in the process helps you set a clear savings goal and know what size mortgage you will need to apply for.

How It Works

Simply enter the property price and your planned down payment percentage. The calculator multiplies the price by the percentage to show the down payment in kroner, and subtracts it from the total to show the loan you will need. It also shows the down payment as a share of common milestone percentages for quick comparison.

Why the Down Payment Matters

A larger down payment reduces your loan amount, which means lower monthly payments and less interest paid over the life of the mortgage. In Denmark, putting down more than 5% can also give you access to better loan terms and lower contribution rates from the mortgage credit institution. Many financial advisors recommend aiming for 10-20% if possible.

Frequently Asked Questions

How much is the down payment?

In other words: Your down payment (or egenbetaling, as some say) is money you must save yourself for your home purchase โ€” and the 5% is a minimum requirement. So save as much as you can so you need to borrow less. Remember: It is always a good idea to have an initial chat with your bank so you know what you can afford.

How much do you need to put down as a down payment for a house?

It is a legal requirement that you must be able to put down at least 5% as a down payment when buying a home. The down payment is based on the home's purchase price and various costs associated with the transaction. This applies regardless of whether you are buying a house, condominium, cooperative or summer house.

What is the 60/4 rule?

If you borrow more than 60% of the property value (loan-to-value ratio > 60%) AND your total debt is more than 4 times the household income before tax (debt factor > 4), you cannot choose a so-called "risky loan".

Is it worth being debt-free in your home?

A debt-free home can provide peace, security and predictability. The advantages of being debt-free are easy to see. When the debt disappears, the interest rate risk also disappears. You no longer need to worry about where variable rates are heading or how future rate increases will affect the budget.

What is the 8,000 kr. rule?

If you pay amounts exceeding 8,000 kr. including VAT in cash without notifying us, you may not deduct the expense from your tax.

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