Norway Mortgage Calculator

Summary

Enter your property value, loan amount, interest rate, and term to get the monthly payment plus a check against Norway's 85% loan-to-value cap and 5x income debt limit.

How it works

1. Enter the property value and the loan amount to establish the loan-to-value ratio.
2. Enter the annual interest rate and the loan term in years.
3. Optionally enter gross annual household income and other existing debt to check the 5x income limit.
4. Optionally mark the property as a secondary home, which lowers the loan-to-value cap to 60%.
5. The calculator computes the standard annuity monthly payment, then checks it against the loan-to-value cap, the income-based debt limit, and the stress-test rate.
6. A full amortization schedule shows the balance, interest, and principal for each year of the term.

Use cases

• Checking whether a planned loan amount stays within the 85% loan-to-value cap for a primary residence.
• Estimating the monthly annuity payment before applying for a boliglån.
• Verifying whether total debt exceeds 5 times gross annual household income.
• Testing whether the loan would still be affordable at the mandatory stress-test rate of interest plus 3 percentage points.
• Comparing the required down payment for a primary home versus a secondary or holiday home.
• Planning a household budget around the estimated monthly interest and principal cost.

Frequently Asked Questions