Sweden 💰 SEK Last updated2026-05-28

Bolån Calculator Sweden

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Quick answer (Sweden)

A SEK 3,500,000 bolån at 3.5% with 70% LTV and 1% mandatory amortization works out to a monthly payment of about 12 362 kr, with total interest of 3 917 204 kr over the full term.

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Mortgage Calculator

USD

Home Value

LTV 80% · No PMI ✓

Loan Amount

Interest Rate

Term

Total Monthly

$18,195

PITI

Principal + Interest

$12,362

53% goes to interest

Total Interest

$3,917,204

over 50 years

Monthly Breakdown

Principal & Interest$12,362

Property Tax (1.1%/yr)$4,010

Homeowner's Insurance (0.5%/yr)$1,823

Total Monthly$18,195

Principal vs Interest Split

47% principal

53% interest

✨ Live recalculation·Includes P&I, property tax, insurance. Estimates only — consult a licensed lender for exact rates.

Reviewed by

Aisha Rahman, CFP®, MBA LinkedIn ↗

CFP® with 12+ years in mortgage & retirement planning.

Local context

Bolåns in Sweden

Typical loan

3 500 000 kr

in Sweden

Typical rate

3.5% p.a.

prime borrower, 2026

Typical term

50 years

most common

Market overview

Sweden's mortgage market is dominated by Swedbank, Handelsbanken, SEB, and Nordea, with challengers SBAB and Stabelo offering aggressive online rates. Variable (3-month) rates dominate — about 60% of new lending — and Finansinspektionen's amortization rules require principal repayment when LTV exceeds 50% (1%/yr) or 70% (2%/yr). Loan terms can extend to 50+ years on paper but with mandatory amortization.

Why 3.5% is the typical rate

3.5% reflects the headline 3-month variable bolåneränta for a borrower with 70%+ LTV in early 2026, after Riksbanken's policy cuts. Genomsnittlig ränta (discounted average) for prime borrowers can be 30-50 bps lower.

Tax & regulatory notes

Mortgage interest is tax-deductible at 30% of the first SEK 100,000 paid annually and 21% above that — applied through your annual income tax return. Stamp duty (stämpelskatt) is 1.5% of the higher of purchase price and tax-assessed value, plus SEK 825 lagfart fee. The amortization requirement is enforced by the lender, not the tax office.

🧮 Worked example

A SEK 3,500,000 bolån at 3.5% with 70% LTV and 1% mandatory amortization

Loan amount

3 500 000 kr

Annual interest rate

3.5%

Term

50 years (600 months)

Monthly payment

12 362 kr

Total interest paid

3 917 204 kr

Total paid (principal + interest)

7 417 204 kr

❓ FAQ (Sweden)

Common questions in Sweden.

How does the Swedish amortization rule work?

If your loan-to-value is above 70%, you must amortize at least 2% of the original loan amount each year. Between 50-70% LTV, you must amortize at least 1%. Below 50% LTV, amortization is voluntary. Borrowers with debt-to-income ratios above 4.5× also face an extra 1% amortization layer.

Fixed or variable rate (bunden vs rörlig ränta) in Sweden?

Roughly 60-65% of Swedish mortgages are on the 3-month variable rate, which tracks Riksbanken's policy rate closely. Fixed-rate terms (1, 2, 3, 5, 10 years) trade at a premium that's historically averaged 30-80 bps. With rates declining in 2025-2026, most new borrowers stay variable to benefit from cuts.

What is the ränteavdrag and how much will it save me?

Ränteavdrag is the interest tax deduction: 30% of the first SEK 100,000 of mortgage interest paid each year, and 21% on amounts above. For a SEK 3,500,000 mortgage at 3.5%, that's ~SEK 122,500 interest, of which roughly SEK 34,725 (28%) returns through your tax declaration.

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