Mortgage calculator
For a €200,000 property with 20% down, over 25 years at 3.5%, the monthly payment would be €849. You'd need €60,000 available between the down payment and purchase costs.
Monthly payment
801€
Down pmt + costs
60,000€
20% + 10% costs
Total interest
80k€
Total cost
300k€
over 25 years
Loan summary
Payment calculated using the French amortization system. Purchase costs (transfer tax, notary, registry) vary by region. Indicative only.
Frequently asked questions about mortgages in Spain
How much down payment do I need for a mortgage in Spain?
Banks finance a maximum of 80% of the appraised value. You need at least 20% of the price as a down payment, plus an additional 10% to cover purchase costs (transfer tax or VAT, notary, registry, and agency fees).
How much of my income should go to the mortgage?
The general recommendation is not to allocate more than 30-35% of monthly net income to the mortgage payment. If the instalment exceeds that percentage, the bank may deny the loan or the operation could be financially risky.
What is the difference between fixed and variable rate mortgages?
A fixed-rate mortgage maintains the same interest rate for the entire life of the loan. A variable rate is linked to the Euribor, so the instalment can go up or down. During periods of high rates, fixed gives more security; during low periods, variable can be cheaper.