Table �: Scenario-based mortgage advice with �-year horizon, May ��, ����, Danish kroner.

Current Maturity Principal Principal Monthly payment

Name Coupon Price interest rate (years) (nominal value) (market value) a�er tax
�/���/��y � ��.�� — �� �,���,��� �,���,��� �,���
���-�y/��y — ���.�� �.�� � �� �,���,��� �,���,��� �,���
���-�y/��y/��-��y — ���.�� �.�� � �� �,���,��� �,���,��� �,���
Monthly pmt. Cumulative by �/�/���� Home equity, when
Interest rate Payments Repaid Principal Bond Principal home price
shi� Initial Ultimate a�er tax principal (nominal) price (prepayment cost) +�� � –�� �
Fixed rate mortgage, � percent coupon, maturity �� years (�/���/��y)
–� � �,��� �,��� ���,��� ���,��� �,���,��� ���.�� �,���,��� ���,��� –���,���
+� � �,��� �,��� ���,��� ���,��� �,���,��� ��.�� �,���,��� ���,��� –��,���
�

+� � �,��� �,��� ���,��� ���,��� �,���,��� ��.�� �,���,��� ���,��� ��,���

+� � �,��� �,��� ���,��� ���,��� �,���,��� ��.�� �,���,��� ���,��� ���,���
Adjustable rate mortgage, adjusted every year, maturity �� years (���-�y/��y)
–� � �,��� �,��� ���,��� ���,��� �,���,��� ���.�� �,���,��� ���,��� ��,���
+� � �,��� �,��� ���,��� ���,��� �,���,��� ���.�� �,���,��� ���,��� ��,���
+� � �,��� �,��� ���,��� ���,��� �,���,��� ���.�� �,���,��� ���,��� �,���
+� � �,��� �,��� ���,��� ���,��� �,���,��� ���.�� �,���,��� ���,��� –��,���
Adjustable rate mortgage, adjusted every year, maturity �� years, interest only for �� years (���-�y/��y/��-��y)
–� � �,��� �,��� ���,��� � �,���,��� ���.�� �,���,��� ���,��� –���,���
+� � �,��� �,��� ���,��� � �,���,��� ���.�� �,���,��� ���,��� –���,���
+� � �,��� �,��� ���,��� � �,���,��� ���.�� �,���,��� ���,��� –���,���
+� � �,��� �,��� ���,��� � �,���,��� ���.�� �,���,��� ���,��� –���,���