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Iceland Mortgage Calculator

Calculate your Icelandic mortgage payments, compare loan options, and determine what you can afford in Iceland

Loan Details
Enter your mortgage information to get accurate calculations

300.000 kr.

20.0% of home price (60.000 kr.)

Additional Costs
Monthly expenses beyond mortgage

3.000 kr.

1.200 kr.

Required if down payment < 20% (0 kr.)

0 kr.

Extra Payments
Pay off your mortgage faster

Monthly Payment

1.517 kr.

Principal & Interest

Total Monthly

1.867 kr.

Including all costs

Total Interest

306.107 kr.

Over life of loan

Total Cost

546.107 kr.

Principal + Interest

Payment Breakdown

Total Cost

546.107 kr.
Over 30 years

Principal

240.000 kr.
43.9% of total

Interest

306.107 kr.
56.1% of total

Payment Breakdown

Principal43.9%
240.000 kr.
Interest56.1%
306.107 kr.
Interest vs Principal Ratio
You'll pay 56% in interest
That's 66.107 kr. more than the original loan amount
Amortization Schedule
See how your loan balance decreases over time
YearPaymentPrincipalInterestBalance
11.517 kr.217 kr.1.300 kr.239.783 kr.
11.517 kr.230 kr.1.287 kr.237.317 kr.
21.517 kr.246 kr.1.271 kr.234.455 kr.
31.517 kr.262 kr.1.255 kr.231.401 kr.
41.517 kr.280 kr.1.237 kr.228.143 kr.
51.517 kr.298 kr.1.219 kr.224.666 kr.
61.517 kr.318 kr.1.199 kr.220.957 kr.
71.517 kr.340 kr.1.177 kr.216.999 kr.
81.517 kr.362 kr.1.155 kr.212.776 kr.
91.517 kr.387 kr.1.130 kr.208.270 kr.
101.517 kr.413 kr.1.104 kr.203.463 kr.
111.517 kr.440 kr.1.077 kr.198.333 kr.
121.517 kr.470 kr.1.047 kr.192.860 kr.
131.517 kr.501 kr.1.016 kr.187.021 kr.
141.517 kr.535 kr.982 kr.180.790 kr.
151.517 kr.571 kr.946 kr.174.142 kr.
161.517 kr.609 kr.908 kr.167.049 kr.
171.517 kr.650 kr.867 kr.159.481 kr.
181.517 kr.693 kr.824 kr.151.405 kr.
191.517 kr.740 kr.777 kr.142.790 kr.
201.517 kr.789 kr.728 kr.133.597 kr.
211.517 kr.842 kr.675 kr.123.788 kr.
221.517 kr.898 kr.619 kr.113.323 kr.
231.517 kr.958 kr.559 kr.102.156 kr.
241.517 kr.1.023 kr.494 kr.90.242 kr.
251.517 kr.1.091 kr.426 kr.77.530 kr.
261.517 kr.1.164 kr.353 kr.63.967 kr.
271.517 kr.1.242 kr.275 kr.49.495 kr.
281.517 kr.1.325 kr.192 kr.34.054 kr.
291.517 kr.1.414 kr.103 kr.17.579 kr.
301.517 kr.1.509 kr.8 kr.0 kr.

Iceland Mortgage Calculator Guide

Our comprehensive Icelandic mortgage calculator is designed specifically for the Icelandic housing market. Whether you're buying your first home in Reykjavik, Akureyri, or anywhere across Iceland, our calculator accounts for Icelandic-specific factors like property tax, registration fees, and mortgage regulations.

Icelandic Mortgage Features

First-Time Buyer:Calculate first-time home buyer benefits and reduced registration fees.
Fixed & Variable Rates:Calculate fixed and variable rate mortgages with competitive rates.
Long-term Mortgages:Support for mortgages up to 40 years with flexible terms.
Property Tax Calculator:Automatic property tax calculations based on assessed value.
Registration Fees:Calculate property registration and documentation fees.
Property Insurance:Calculate property and fire insurance premiums.

Iceland Mortgage Market Overview

The Icelandic mortgage market offers various loan types including fixed-rate, variable-rate, and tracker mortgages. Current mortgage rates vary by lender, credit score, and loan type, typically ranging from 6-10% depending on the loan type. Our calculator helps you understand the true cost of homeownership including property tax, registration fees, and insurance to make informed decisions about your home purchase across Iceland.