Mortgage Calculator for Spain
Get a realistic overview of your monthly payment and how much upfront capital you need — including taxes and fees.
The property
Loan terms
Typical rate for non-residents in Spain: 3.5-5.5% p.a.
Optional — check your debt ratio
Monthly payment
€1,771
per month for 20 years
Upfront capital
What the calculation covers
The calculator is designed for international buyers considering a property in Spain as a non-resident — typically a holiday home or part-time residence under 183 days a year. Here are the assumptions behind the numbers:
Deposit and loan limit
As a non-resident (under 183 days a year in Spain), Spanish banks typically lend a maximum of 60-70% of the property's appraised value. The calculator therefore starts at 30% deposit by default. If you buy in cash or finance via equity at home, you don't need a Spanish mortgage — skip that part.
Interest rate
The interest rate varies from bank to bank and depends on your finances, loan amount and the bank's risk assessment. Non-residents typically see rates between 3.5 and 5.5% p.a. on variable loans (Euribor + margin) and 4-6% on fixed loans. Always ask at least 2-3 banks and compare the effective annual rate (APR).
One-off costs when buying
The calculator estimates one-off costs at around 10.5% of the purchase price. Here's what that typically covers:
- Transfer tax (ITP), approx. 8%: Varies by region — Andalusia (Costa del Sol) charges 7%, the Valencia region (Costa Blanca) 10%. The calculator uses 8% as an average.
- Notary, registration and lawyer, approx. 2.5%: Notary and land registration fees are set by law and relatively low. Lawyer fees are negotiable but typically 1-1.5% of the purchase price.
- What's not included: The bank's loan arrangement fee, valuation and any translation costs — typically 0.5-1% extra.
Debt-to-income ratio
The debt ratio shows your monthly payment as a share of your net income. Spanish banks typically require that total debt (including any mortgage at home) not exceed 35-40% of your gross income. The indicative traffic-light guide:
- Under 30%: Solid — comfortably within banks' comfort zone
- 30-40%: Marginal — possible, but depends on other debt and assets
- Over 40%: High — Spanish bank approval can be difficult
Remember: The calculator is a guide and cannot replace specific advice. Talk to us or an experienced lawyer and accountant before committing to anything. Contact us — free and no obligation →
Related guides
Do the numbers make sense?
Our specialists help you assess whether your finances suit a property purchase in Spain — and which financing options work best for you.