Question 1

How is the monthly mortgage payment calculated?

Accepted Answer

For an annuity loan: monthly payment = loan amount × (monthly rate × (1 + monthly rate)^months) / ((1 + monthly rate)^months − 1). For example, a €200,000 loan at 4% for 25 years gives a monthly payment of approximately €1,056.

Question 2

What is the difference between an annuity loan and an equal principal loan?

Accepted Answer

An annuity loan has the same monthly payment throughout the term — early payments are mostly interest, later payments are mostly principal. An equal principal loan has decreasing monthly payments because the principal repayment stays fixed while interest decreases over time.

Question 3

What interest rates do Finnish banks offer in 2026?

Accepted Answer

Finnish home loans are typically tied to the 12-month Euribor rate plus a bank margin. Total rates in 2026 typically range from 3–5% depending on the Euribor level and your bank margin (usually 0.7–1.5%).

Question 4

How much of a mortgage can I get in Finland?

Accepted Answer

Finnish banks typically lend up to 90% of the property value for first-time buyers (with government guarantee) and 70–80% for subsequent purchases. The loan amount is also limited by your income — monthly payments should not exceed about 35–40% of net income.

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