How much can I borrow for a home in Norway?

Under the Norwegian lending regulation (utlånsforskriften) a mortgage on a primary residence is capped at 85% of the property value, so you generally need at least 15% equity (egenkapital). Total debt across all loans is also capped at five times your gross annual income.

What is the Norwegian mortgage stress test?

Lenders must check that you can still service the loan if interest rates rise by 3 percentage points above the actual rate (with a floor of 7% in recent guidance). This calculator recomputes the monthly payment at rate + 3% so you can see the stressed figure.

How are mortgage rates set in Norway?

Most Norwegian mortgages are floating-rate and track the NIBOR money-market rate plus a bank margin. Rates therefore move with the Norges Bank policy rate. You can enter any rate; this tool simply amortises the loan at the rate you provide.

What loan term is normal in Norway?

Repayment terms of 25 to 30 years are common, and the regulation limits new mortgages to a maximum of 30 years for serial-amortising loans. Interest-only periods are restricted and usually only offered at low loan-to-value ratios.

Does this calculator store my data?

No. All calculations run locally in your browser and nothing is uploaded, so your figures stay private.

Norway Mortgage Calculator

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This Norway mortgage calculator models a Norwegian home loan (boliglån) using the rules in the lending regulation (utlånsforskriften): the 85% maximum loan-to-value cap on a primary residence, the five-times-gross-income total-debt ceiling, and the +3 percentage-point interest stress test.

How it works

The monthly repayment uses the standard amortising annuity formula:

M = P × r / (1 − (1 + r)^−n)

where P is the loan, r is the monthly rate (annual rate ÷ 12), and n is the number of months. The tool also checks the regulatory limits:

Loan-to-value (belåningsgrad) = loan ÷ property value. Must be 85% or lower on a primary home.
Debt-to-income (gjeldsgrad) = total debt ÷ gross annual income. Must be five times income or lower.
Stress test = the monthly payment recomputed at the actual rate + 3 percentage points, so you can see whether the budget survives a rate rise.

Example

A 4,000,000 kr home with 800,000 kr of equity gives an 80% LTV loan of 3,200,000 kr. At 5.5% over 25 years the monthly payment is about 19,650 kr; stress-tested at 8.5% it rises to roughly 25,770 kr. With a gross income of 750,000 kr, the 3.2M loan is about 4.3× income — inside the five-times cap.

Notes

This is an estimate of a serial-style annuity loan. It excludes establishment fees, the document registration tax (dokumentavgift, handled by our separate tool), and household running costs. Banks assess your full budget, not just these ratios. Confirm the figures with your lender.