Mortgage calculator
Calculate the monthly payment and total interest cost of a home mortgage.
Monthly payment, first month
SEK 11,687.50
AmortizationInterest
- Amount borrowed
- SEK 2,550,000.00
- Annual interest rate
- 3.5%
- Amortization per month
- SEK 4,250.00
- Interest, first month
- SEK 7,437.50
- Paid off in
- 50 yrs
- Total interest until paid off
- SEK 2,234,969.00
Assumptions
- Straight amortization: the same amortization every month plus interest on the remaining balance, so the payment falls over time. A percentage is per year of the total loan. With several loan parts, the amortization is shared between them in proportion to their size.
- Each part's rate stays the same for the whole calculation, whether fixed or floating — in reality floating rates change and fixed rates are renegotiated when the fixed period ends. Monthly interest is the balance × annual rate ÷ 12.
- Moving bank and negotiating a discount keep the same loan parts and amortization — only the rates change. A switching cost is paid once, up front, and is not added to the loan.
- Your rate is the bank's list rate minus your discount, in percentage points.
- Totals run until the loan is paid off, or for at most 50 years if the amortization is low or zero.
- Swedish loan-to-value limits and amortization requirements are not applied.
- Fees, taxes, insurance and interest deductions are not included.
- Amounts are in Swedish kronor (SEK), rounded to the nearest öre.
This result is an estimate for information only and is not financial advice. Contact your lender for an exact offer.