Spanish Mortgage Calculator
Calculate your monthly mortgage payments for a Spanish property purchase. Enter your purchase price, deposit and loan details to see a full French amortisation breakdown — the system used by all Spanish banks.
For 2026, non-residents typically qualify for up to 70% LTV, while Spanish residents can borrow up to 80% of the purchase price. Euribor (12-month) currently sits around 2.6%, making variable-rate mortgages competitive — though a fixed rate offers certainty if rates rise.
Fixed-rate results
With a 25-year fixed mortgage at 3.50% APR, 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 ↓ |
|---|
| Period | Paid | Interest | Principal | Balance |
|---|
Purchase Price & Deposit
The purchase price minus your deposit (also called the diferencial or entrada) gives your mortgage amount. Non-residents in Spain are typically limited to 70% LTV — meaning a minimum 30% deposit. Spanish residents can usually borrow up to 80%, requiring a 20% deposit. Remember to budget an additional 10–15% for purchase costs including ITP/VAT, notary and legal fees.
Mortgage Term
Spanish mortgages typically run for 20–30 years, with a maximum of 40 years at most lenders. The longer the term, the lower your monthly payment, but the more total interest you pay. Use the calculator to compare terms side by side.
Fixed vs Variable Rate
Spanish banks offer both fixed-rate and variable-rate mortgages. Fixed rates give you a guaranteed payment for the full term. Variable rates are set as Euribor + your bank’s margin (diferencial) — typically 0.50–1.50% — and reset annually. The calculator’s variable mode shows three Euribor forecasts: optimistic (−1%), base (flat), and stressed (+3%, the Bank of Spain’s official stress test).
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2. Income vs debt calculator
In order to understand how much you can borrow, you need to know what your mortgage score is. Anything over 40% will not qualify.
Debt payments
Credit cards, any loans & mortgages. Also, you need to include your future Spanish mortgage payments for the mortgage on the Spanish property (use the Spanish mortgage calculator to get this figure)
What is my score
Go one step further and find out what your score is and how likely you are to qualify for a mortgage in Spain
3. What is your purchase price?
Simply use the slider to enter how much you have saved towards your purchase and based on a maximum 70% mortgage plus 10% purchase costs the calculator will tell you what your maximum purchase price should be.
How to use the calculators to qualify for a mortgage in Spain
Use the above Spanish mortgage calculators to work out how much you can borrow to purchase your new home in Spain.
Mortgage Calculator
Use the calculator to work out what your monthly payments would be.
Purchase price
Enter the value of the property you would like to buy
Deposit Amount
Enter the % amount you will be paying yourself. If you are a resident of Spain the minimum amount is 20%, if not then it is 30%
Term
Enter the term of the mortgage, the shorter the term the higher the repayments will be.
Mortgage Score
To work out how much you can borrow you need to know what your income to debt score is or mortgage score
What debts?
Credit cards, car loans, home improvement loans & mortgages
What does my score mean?
Banks in Spain will not lend if your income to debt ratio is above 40%, so if your score is above 40 then you will have to increase your income, or pay of some of your debts to get approved
Do not forget
You also need to include your future mortgage payments in your debt to income ratio, use the Spanish mortgage calculator to understand what those payments might be
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We have our own risk team that can quickly evaluate your situation and determine which banks will lend you the most money at the best rates.
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No upfront fees
There is no charge for submitting an application or receiving an offer. Only once you are happy will you need to pay for any service. View fees here.
Start application
Please complete the form, and schedule a call with the mortgage team
General Mortgage Questions
Documentation, what you can borrow etc
How much can I borrow?
The amount you can borrow depends on your debt to income ratio. Most Spanish lenders will not lend money if your combined outgoings (mortgages & loans) add up to more than 40% of your total income.
We have an in-house risk assessment team, that can help you understand what you can borrow. Get in touch here
Is there a fee to find out what I can borrow?
No, we do not charge to check what you can borrow, or even to get an official offer from one of our lenders. We only charge if you decide to accept an offer from the bank to purchase a property.
Does age effect the loan period?
You can be no older than 75 / 80 years of age when the mortgage completes. If you are 60 years old then the maximum term is 15-20 Years. If you are unsure, get in touch.
What is the maximum LTV (Loan to value)?
Up to 70% for
Up to 80% for Spanish residents
The value of the loan will be based on the property valuation or the property price, whichever is lower.
Can I release equity from my Spanish property?
Releasing equity or remortgaging an existing property in Spain is incredibly difficult since the financial crisis in 2009. It is not impossible, but every situation is different. Please get in touch to find out what your specific situation is
What documents do the banks require?
- Copies of your Passport / NIE (for all parties that will be on the mortgage)
- Your most recent tax declaration or P60
- Your last three payslips
- Details of other properties you own including any potential rental income
- A bank statement of the last 6 month
- An Experian credit report
advice & help
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