Spanish mortgage calculator
Estimate your monthly payment on a Spanish mortgage, as a resident or a non-resident buyer.
Mortgage Calculator
ResidentYes
20% (€50,000)
3.5%
25 years
Loan Amount€200,000
Monthly Payment€1,001
Total Interest€100,374
Total Cost€300,374
Estimates only. Spanish banks also charge appraisal, notary and registry fees, plus ITP or VAT on the purchase.
How the calculation works
The monthly payment uses the standard amortization formula on the loan amount, your annual rate divided over twelve months, and the number of monthly payments in the term. Rates in Spain are quoted either fixed for the whole term or as Euribor plus a margin.
Resident vs non-resident deposits
Spanish banks typically lend up to 80% of the purchase price to residents and around 70% to non-residents, so the deposit starts at 20% or 30% respectively. Budget another 10-12% for taxes and fees on top.