- Tools
- The mortgage
The mortgage
The cap, the amortisation requirement, the interest and the tax reduction – what the loan costs a month after tax.
The mortgage · interest 2.72 %
SEK 8,345/month
interest after the tax reduction, and amortisation, the first year
- Loanloan-to-value 90 %
- SEK 2.57m
- Amortisation requirementThe loan is over 70 % of the value
- 2 % a year
- InterestSEK 69,768 a year
- SEK 5,814/month
- Tax reduction on interest30 % of the interest
- −SEK 1,744/month
- Interest after the reduction
- SEK 4,070/month
- Amortisationa saving – it reduces the debt
- SEK 4,275/month
- A month
- SEK 8,345/month
- If rates rise 1 percentage point+SEK 1,496 a month
- SEK 9,841/month
- If rates rise 2 percentage points+SEK 3,151 a month
- SEK 11,495/month
- Since 1 April 2026 the Act (2026:226) on limiting mortgage credit applies instead of Finansinspektionen's regulations: the cap rose from 85 to 90 % and the stricter requirement for loans above 4.5 times gross income was removed. Existing loans do not change by themselves – you agree that with your bank.
- The loan-to-value uses the value when you bought; the bank may revalue after five years at the earliest, or sooner if the value has changed markedly for a reason other than general price movements (s. 13). A bank may ask for more than the law.
- The interest deduction is a tax reduction of 30 % of interest up to SEK 100,000 a year and 21 % above (Income Tax Act ch. 67 s. 10) – it counts against your tax and needs tax to reduce.
How this is worked out
Loan = price − down payment. Loan-to-value = loan ÷ price. Amortisation a year: 2 % of the loan above 70 % LTV, 1 % above 50 %, else 0 (s. 7). Interest a year = loan × rate. Tax reduction = 30 % of interest up to SEK 100,000 + 21 % of the rest. A month = (interest − reduction + amortisation) ÷ 12, the first year.
Rules and sources
- Act (2026:226) on limiting mortgage credit – s. 4 loans at most 90 % of the value, s. 5 top-ups at most 80 %, s. 7 amortisation 1 % above 50 % and 2 % above 70 %, s. 10 new-builds up to five years · in force from 1 Apr 2026 · read 4 Nov 2026
- Government: new law changes (5 March 2026) – the cap 85 → 90 %, the stricter requirement removed, existing loans do not change automatically · in force from 1 Apr 2026 · read 4 Nov 2026
- Income Tax Act (1999:1229) – ch. 45 s. 33 and ch. 46 s. 18 22/30 of the gain, 50 % of a loss; ch. 47 deferral; ch. 65 s. 7 30 %; ch. 67 s. 10 tax reduction 30 %/21 % · read 4 Nov 2026
- Skatteverket: gain, loss and tax – 22 % tax on the gain, 50 % of a loss, tax reduction 30 % up to SEK 100,000 and 21 % above · read 4 Nov 2026
- Statistics Sweden: financial market statistics, Sept 2026 – average rate on new mortgages: variable 2.72 %, fixed 3 months–1 year 3.04 %, 1–5 years 3.39 % – the pre-filled rate · read 4 Nov 2026
General information – not financial or legal advice.