How much mortgage can I get in Finland? Calculator and bank rules

Updated 23 October 2026

Two things decide the size of your mortgage. Your income sets the largest loan the bank allows. The loan cap and your savings set the price of the flat you can buy with it. The calculator below shows both for your income and savings.

Mortgage calculator

The calculator follows the rules of the Financial Supervisory Authority (FIN-FSA) described below. Other loans count at the monthly payment you enter. The monthly payment of the mortgage uses the latest average rate on new housing loans in Finland.

The bank's rules

Before granting a housing loan, the bank must carefully check that you can repay it, based on your income, expenses and other finances (Consumer Protection Act, chapter 7 a, section 11).

FIN-FSA tells banks how to do this check. Its recommendation has applied since 1 January 2023:

• The bank calculates your monthly loan payments at an interest rate of at least 6% and a loan term of at most 25 years. This is called the stress test (in Finnish stressitesti or kuormitettu maksuvaralaskelma).
• In the stress test, the payments of all your loans should as a rule take at most 60% of your net income. This includes your share of the housing company's loans. Net income means your income after tax.
• A bank can go above 60% after a particularly careful check, but such loans should make up at most 15% of its new housing loans in euros each year. In 2024 they made up 8.0% of the euros and 3.8% of the loans.

The bank also looks at your living costs, other assets and the collateral. It can use a higher rate or a shorter term than the recommendation, so it may lend you less.

The stress test

At the average rate of August 2026, 3.24%, a €250,000 loan over 25 years costs €1,217 a month. At the 6% stress-test rate the payment is €1,611, €394 more. That payment may take at most 60% of your net income, so you need a net income of at least €2,680 a month for this loan.

The stress test uses at most 25 years even when your loan is longer. Since 1 June 2026 a new housing loan can run for up to 40 years (Act 354/2026). A longer loan lowers your monthly payment, but the bank still tests it over 25 years, so you cannot borrow more.

Income and loan size

With no other loans, each €1,000 of monthly net income allows a loan of about €93,100. If the bank tested at today's average rate instead of 6%, the same €1,000 would allow €123,300. The 6% rate cuts the loan by about a quarter.

A median household in Finland had a net income of about €3,150 a month in 2024, according to Statistics Finland. That allows a loan of about €293,000. At today's rate the monthly payment on that loan is about €1,430, or 45% of net income.

Other loans lower the amount. Each €100 a month you pay on a car loan or a student loan cuts the mortgage you can get by about €15,500.

A housing company loan share lowers it too. The bank tests the finance charge on the share at 6% over 25 years, like your own loan, so a €50,000 loan share cuts your mortgage by €50,000. Loan shares are explained in Selling price or debt-free price.

Loan cap and savings

The loan can be at most 95% of the value of the collateral. When the flat you buy is the only collateral, you pay at least 5% of the price from your savings, plus 1.5% transfer tax on the debt-free price.

• To use a €293,000 loan in full, the flat can cost up to €308,400, and you need about €20,000 of savings.
• With €10,000 of savings, the most you can pay is about €153,800, however high your income is.

Extra collateral, such as a guarantee or another property, can replace part of the savings. Other costs of buying are in What does buying a flat cost? and the rules for first-time buyers in Buying your first home.

Income needed to buy a flat, by city

The chart shows the net income you need in the stress test to buy a flat at the average price in each city, with a loan of 95% of the price. The vertical mark is the net income of the city's median household.

• A 55 m² one-bedroom flat in Helsinki cost €264,500 on average from the third quarter of 2025 to the second quarter of 2026. To get the loan you need a net income of €2,700 a month. A median household in Helsinki had €3,300.
• An 80 m² flat with two or more bedrooms in Helsinki costs €405,100 and needs €4,130 a month, more than a median household earns. Helsinki is the only one of the 25 cities with these figures where this happens.
• In Kouvola a one-bedroom flat costs €39,000 and needs a net income of €400 a month.
• In Finland as a whole a one-bedroom flat needs €1,400 a month.

The incomes are from 2024 and the prices from the latest four quarters. To see your own limit, enter your income and savings in the calculator at the top of the page.

Buying or renting

Getting a loan does not mean buying is the better choice. Buying is not always cheaper than renting or right of occupancy: it depends on the price of the flat, the rent in the area, the interest rate and how many years you stay. If you stay only a few years, the transfer tax and the costs of selling weigh more. Choose a flat in your area to see which option works out best for you.

Compare buying, renting and right of occupancy

Sources

• Tarkennettu suositus asuntoluotonhakijan luottojen ja rahoitusvastikkeiden enimmäishoitorasitteesta (refined recommendation on the maximum debt-servicing burden), FIN-FSA, 28 September 2022, and the Board's decision of 27 June 2022, read 23 October 2026.
• Pankit ovat noudattaneet kotitalouksien velkaantuneisuutta koskevia rajoituksia ja suositusta lähes täysimääräisesti (banks have complied with the limits and the recommendation), FIN-FSA, 15 September 2025, read 23 October 2026.
• Housing loans and loan cap, FIN-FSA, updated 25 June 2026, and the macroprudential decision of 29 June 2026 (loan cap 95% for all borrowers), read 23 October 2026.
• Kuluttajansuojalaki 38/1978 (Consumer Protection Act), chapter 7 a, section 11, and Act 354/2026 amending chapter 7 a, section 14 a (longest repayment period 40 years from 1 June 2026), Finlex, read 23 October 2026.
• Paavo, open data by postal code area, Statistics Finland: median disposable money income of households by municipality, 2024. Source: Statistics Finland, CC BY 4.0.
• Prices of old dwellings in housing companies, Statistics Finland, table 15is: prices per m² of old flats in blocks of flats by size, 2025Q3 to 2026Q2, weighted by sales. Figures for 2026 are preliminary. Source: Statistics Finland, CC BY 4.0.
• Interest rates on new loans to households for house purchase, Finland, ECB Data Portal. Source: ECB statistics.
• Loan limits, payments and incomes are calculated with the Asumisvalinta scenario engine.