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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.
First-time buyer — better terms available
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 50%
Maximum 500,000 ISK a year for 10 years (5 million in total per person)
An indexed loan has lower interest rates but the principal increases with inflation. Payments start lower but may increase over time.
Typical rates: 4.55% (banks), 4.15% (pension funds)
Estimated monthly payment
259.927 kr.
per month
The monthly payment is the first payment in today's króna. On indexed (verðtryggð) loans, payments rise with inflation, so the total cost assumes 2.5% annual inflation.
Based on the 40% payment-to-income cap, worked out under the Central Bank's rules
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.
Next step
Contact a bank or pension fund for a more accurate offer based on your specific circumstances.
Estimated monthly payment
259.927 kr.