Spanish Mortgage Calculator
Our Spanish Mortgage Calculator gives you an instant estimate of the monthly repayments on a property purchase in Spain. Enter your purchase price, deposit and loan details to see a full repayment schedule, how each payment splits between interest and capital, and how overpayments shorten your term. It uses the standard capital-and-interest repayment method that every Spanish lender applies.
Foxes is an independent mortgage broker registered with the Bank of Spain (D470), and we work with every major lender across Spain.
Fixed-rate results
With a 25-year fixed mortgage at 3.50%, your monthly repayment stays the same throughout. Early payments are mostly interest, later payments are mostly capital.
Variable-rate scenarios
Rate is fixed for years 1–2, then annual Euribor resets from year 3. Three forecasts show how your payments could change. Fixed-rate shown for comparison.
| Scenario | Yrs 1–2 payment | From yr 3 payment | Total interest | Total cost ↓ |
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| Period | Paid | Interest | Principal | Balance |
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About Foxes. Foxes is registered with the Bank of Spain as a real estate credit intermediary, registration number D470. Foxes is a credit intermediary, not a lender.
What this tool does. It is a calculator. The interest rate, term and other figures are values you enter. They are not rates offered by Foxes or by any lender, and the result is not a binding offer or a personalised recommendation. Your actual rate and eligibility are set by the lender after a full assessment.
What the figures include. Monthly figures use the nominal interest rate only. They exclude lender fees, valuation, insurance, taxes and other costs, so the real cost of a mortgage, and its TAE, will be higher than shown.
Rate risk. Variable and Euribor-linked rates can rise as well as fall, so your payment can increase, as the stressed forecast shows. Your home may be repossessed if you do not keep up repayments on a loan secured against it. If your income is not in euros, exchange rate movements can increase what you owe.
Before you commit. Before you are bound by any mortgage, the lender provides the FEIN (European Standardised Information Sheet) and the FiAE (Standardised Warnings Sheet), with a legal reflection period of at least 10 days before signing.
How much can you borrow for a Spanish mortgage?
The amount a Spanish bank will lend is set by its loan-to-value limit, or LTV, the share of the property value it will finance. The cap depends on whether you are buying as a resident or a non-resident.
That percentage is measured against the lower of the purchase price or the bank's own valuation. We go into more detail in our guides for non-resident buyers and resident buyers.
One detail that catches buyers out: if the bank's valuation comes in below the price you agreed, the mortgage is calculated on the lower figure and you cover the difference. Occasionally the valuation is higher, which can work in your favour.
Spanish mortgage interest rates
Spanish lenders offer three main types of rate. Each one prices and behaves differently over the life of the loan.
Euribor is the reference rate that drives variable mortgages. As a guide it has recently been around 2.6%, although it moves constantly. Because variable rates can rise as well as fall, the calculator's variable mode shows three Euribor scenarios, optimistic, flat and a stressed case, so you can see how your payment would change. For more detail, see our guide to mortgage rates in Spain.
The rate you enter in the calculator is your own assumption, not a quote. Your actual rate depends on the lender, the product and a full assessment of your application.
Spanish Mortgage Affordability Calculator
Check your debt-to-income ratio, the affordability measure Spanish lenders use to decide what you can borrow.
Include credit cards, loans, car finance and any existing mortgage payments.
Your estimated debt-to-income ratio
10%
If your ratio is under 40%, you have a good chance of qualifying for a Spanish mortgage.
This is a quick indicative estimate, not a mortgage decision or financial advice. Spanish lenders assess affordability individually as part of a full application. Foxes is a credit intermediary registered with the Bank of Spain (D470), not a lender.
How much can you afford?
Alongside the deposit, lenders test affordability: whether your income comfortably covers the new mortgage on top of your existing commitments. The key measure is your debt-to-income ratio, your total monthly debt payments divided by your net monthly income.
Lenders look at the stability of your income as much as the amount. A steady, documented income, applying early, and keeping other debts low all improve your chances. If your income is not paid in euros, some lenders apply a margin to allow for exchange-rate movement. You can check how likely you are to qualify with our eligibility score.
Maximum Purchase Price Calculator
See the maximum property price your deposit supports, based on your residency and typical buying costs.
Your deposit is the cash you have towards the property itself, before buying costs.
Your estimated maximum purchase price
€238,000 to €250,000
Assumes a 70% maximum mortgage and 10 to 12% purchase costs.
This is a quick indicative estimate, not a mortgage decision or financial advice. The amount a lender will offer depends on income, the property and a full assessment. Purchase costs vary by region and property type; this estimate uses a 10 to 12% range. Foxes is a credit intermediary registered with the Bank of Spain (D470), not a lender.
Your deposit and the other costs of buying
Your deposit is the part of the price the mortgage does not cover, at least 30% for non-residents or 20% for residents. On top of that, you need to budget for the costs of buying.
The exact figure depends on the region and whether the property is a resale or a new build. The maximum purchase price calculator on this page works back from the cash you have available to a realistic budget.
Who can get a Spanish mortgage?
Spain lends to non-resident buyers from a wide range of countries, both employed and self-employed, for holiday homes, investment properties and main residences. The main requirements are a deposit, provable income and an acceptable credit history.
To apply you will typically need:
- Your passport
- Your NIE, the Spanish tax number for foreigners
- Recent payslips, or accounts and tax returns if you are self-employed
- Bank statements
- Proof of any other debts
- The details of the property you are buying
Getting these ready early is the single biggest thing that speeds an application up. Our lending criteria guide goes through what banks look for in detail. There is usually a maximum age by the end of the term, commonly around 75, which can shorten the term available to older applicants.
How the mortgage process works
From first estimate to completion, a Spanish mortgage follows a clear path.
- Estimate your budget This calculator is a good starting point for what the monthly cost might look like.
- Mortgage assessment A lender confirms what you can actually borrow.
- Find a property and agree the price With your budget confirmed, you can negotiate with confidence.
- Valuation and formal offer The bank values the property and issues a binding mortgage offer.
- Reflection period By law the lender must give you the binding offer documents (the FEIN and the FiAE) at least 10 days before you sign.
- Completion at the notary You sign, the mortgage draws down and the property is yours.
An independent broker manages the lender side of all this for you, comparing options across the market rather than selling one bank's product. That is what Foxes does, and we are only paid once a bank has issued you a formal mortgage offer. Our purchase process guide covers each step in more detail.