By entering an amount in “Kaupverð” (Purchase price), you can set up different loans and see the estimated payment burden and percentage of costs based on different criteria. Please note that the calculation is for reference only.
The mortgage ratio may never exceed 100% of the property’s fire insurance assessment and site valuation.
Basic loans assume a mortgage of up to 60% of the value of the property in question. A supplementary loan is the proportion of the loan that is between 60–70% of the value of the property. The maximum amount of loans to an individual and spouse is ISK 75,000,000