Mortgage mortgages with housing mortgages shall not exceed 85% of the housing market value (= purchase price). This means that it is an equity requirement (EK) of 15% of the purchase price when buying a home. This requirement can not be waived.
In addition, the loan applicant must comply with the following guidelines for mortgage loans in relation to the household's total gross income, which is currently a factor of 5.0.
The document fee to the state is currently 2.5% of the purchase price, and therefore comes in addition to the purchase price. You can not borrow this amount with a mortgage in your home and must be covered by your equity which will then be reduced.
For single persons, the maximum loan amount is reduced by SEK 785,000 per child, while for a two-income family, the maximum loan amount is reduced by SEK 370,000 per child. It should be possible to calculate for 0 to 3 children.
The calculator should have two functional areas. The user should be asked if he or she should either calculate whether a particular home purchase can be completed or whether he / she will calculate what is the maximum loan amount and purchase price for any housing in the market based on the loan applicant's life situation ("loan commitment" / "loan certificate" ).
In assessing the purchase of a particular property, the loan calculator shall, on the basis of purchase price, EC, type of household, household gross income and number of children, provide answers on whether the loan application is granted and in cases where loans are not granted, clear information shall be given on the (c) (s) not fulfilled. If you wish to calculate the maximum loan amount and the purchase price, the calculator will calculate this based on EC, household type, household gross income and the number of children. The layout should then be clear on what values the maximum amounts are calculated based on and what the result will be for the loan applicant.