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Mortgage calculator for first-time buyers in Iceland. Calculate monthly payments for indexed and non-indexed loans — designed for fyrstu kaup.
Median sale prices (last 12 months)
Based on actual sale contracts from the property registry. Number of sales in parentheses.
Minimum 10% for first-time buyers
Maximum 500,000 ISK/year for 10 years (5 million total)
An indexed loan has lower interest rates but the principal increases with inflation. Payments start lower but may increase over time. The most common loan type for first-time buyers.
Typical rates: 4.55% (banks), 4.15% (pension funds)
Estimated monthly payment
per month
Based on 40% maximum debt-to-income
This calculation is for reference only. Final terms depend on the lender, credit assessment, and more. Contact a bank or pension fund for more accurate information.
Contact a bank or pension fund for a more accurate offer based on your specific circumstances.
Estimated monthly payment
259.927 kr.