In Denmark it is possible for Danish and EU / EEA citizens to finance up to 80 % of their DK property with a mortgage through a credit institution such as Realkredit Danmark, Totalkredit, Nordea Kredit etc. These are the “cheapest” loans options. You can get the mortgage loans with fixed interest rates or variable interest rates, depending on your appetite for risk and time horizon. The next 15 % will typically be financed with a bank loan (this is the “expensive loan”), whereas the last 5 % is the minimum down payment required. You can put more if you can or wish, but it is not possible to put less. The 5 % needs to come from your capital – your savings, family money, etc.
It is important to be aware, that there can be quite a big difference in how you can finance your future home, depending on your citizenship. If you are neither a Danish nor EU / EEA citizen, the down payment will be higher and typically varies from 10-40 % of the purchase price, depending on which bank you are in a dialogue with. When the bank has approved you for the buy, you are now ready to move ahead.