Mortgage Calculator in Spain — Calculate Your Mortgage Online
A convenient online mortgage calculator for Spain. Find out what your monthly payment will be based on the loan amount, interest rate, and term.
Mortgage Calculator
Frequently Asked Questions About Mortgages in Spain
Enrollment in a University or School
A fully paid language course, Bachelor's, or Master's program
How much do I need to pay for the down payment?
For residents—starting at 20%; for non-residents—starting at 30%; however, exceptions may apply when working through a broker, or 100% financing may be available for individuals under 35 years of age
Is it possible to get a mortgage in Spain without a residence permit?
Yes, nonresidents can obtain a mortgage, typically with a maximum loan-to-value ratio of 60–70%.
What is the maximum term for a mortgage?
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For residents: up to 30–35 years old, depending on age
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For non-residents: most often up to 20–25 years old
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The main rule: the mortgage must be fully paid off by the time the borrower reaches 65–70 years of age
What documents are required to submit an application?
For non-residents:
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Passport
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Foreign Resident Identification Number (NIE)
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Proof of income (or tax return)
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Letter from employer / employment contracts
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Bank statement
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Credit report (if available)
For Spanish residents:
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NIE
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Employment contract (preferably indefinite)
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Recent pay stubs (3–6 months)
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IRPF (tax return)
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Statement from a Spanish bank account
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Documents related to the property
What additional costs are involved in the purchase?
Approximately 10–12% of the property’s value, including:
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Property transfer tax (ITP or IVA)
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Notary fees
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Property registration
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Attorney (optional)
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Property appraisal
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Bank fee
What are variable and fixed rates?
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Fixed rate (Fija) — remains unchanged for the entire term of the loan. It is safe and predictable.
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Variable rate (Variable) — depends on the Euribor index plus a margin. It may go down or up.
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Hybrid (Mixta) — a combination: the rate is fixed for the first 5–10 years, then becomes variable.
How much do attorney services at VissumLex cost?
The cost depends on the complexity of the case. We operate with absolute transparency: after an initial consultation and analysis of your situation, we provide a fixed fee agreement (hoja de encargo) that does not change during the process.