Down payment and debt ratio (skuldkvot)

Down payment (kontantinsats)

You typically need at least a 15 percent down payment of the purchase price (rules and exceptions apply). Banks expect own funds or approved financing — not always another unsecured loan.

Also budget for transaction costs, moving, and a post-completion buffer.

Skuldkvot (debt-to-income)

Skuldkvot is total debt (including the new mortgage) divided by gross annual income. Swedish banks and Finansinspektionen use it as a key limit — often around 4.5–6 depending on price and profile.

Example: household income SEK 900,000/year and total debt SEK 4,050,000 → skuldkvot 4.5.

Stress testing

Banks often calculate affordability at a higher interest rate than today’s list rate. Keep savings after completion — many advisers suggest several months of living costs.

Checklist

• [ ] Down payment plus fees available
• [ ] Skuldkvot within bank guidelines
• [ ] No hidden consumer credit eating capacity