Mortgage Calculator Spain

Our Mortgage Calculator Spain gives you instant insights into how much you can borrow or what your monthly costs will be. Whether you’re buying alone or with a partner, the calculator is tailored for both residents and foreign buyers.

Instantly calculate your Spanish mortgage

Our mortgage calculator for Spain helps you estimate two key things: how much you can borrow based on your income, or how much you’ll pay monthly for a given loan amount. Both options reflect standard Spanish lending criteria, such as a maximum of 30–35% of gross income going toward mortgage repayments.

You can calculate alone or with a partner, adjust the loan term, and set your interest rate based on the current Spanish market – including fixed, variable, or mixed-rate scenarios. Everything updates instantly without storing any personal data.

How our mortgage calculator for Spain works

The calculator is built on the standard annuity formula used by Spanish lenders. It helps you estimate either your monthly repayment or your maximum borrowing potential. Here’s how it works:

1. Monthly Repayment – You enter the loan amount, interest rate, and term. The calculator returns your fixed monthly payment over the selected period.
2. Affordability Calculation – Based on your (and optionally your partner’s) income, the tool uses a 30% debt-to-income rule to estimate the maximum mortgage a Spanish bank would typically offer.
3. Custom Inputs – You can adjust the loan term (up to 40 years) and interest rate to simulate both fixed and variable mortgage scenarios.
4. Instant Results – No registration or personal data required. The output updates in real time as you type.

This gives you a realistic preview of your buying power in Spain – before you speak to any bank or advisor.

Mortgage rules in Spain you should know

Spanish banks follow strict lending criteria, especially for non-residents and expats. Understanding these rules helps you interpret your calculator results more accurately.

• Down payment: Most lenders require at least 20–30% down for residents. Non-residents may need to put down 30–40%.
• Debt-to-income ratio: Monthly mortgage payments must typically not exceed 30–35% of your gross income.
• Loan-to-value (LTV): Residents may borrow up to 80% of the property value, while non-residents are often limited to 60–70%.
• Additional costs: Apart from the down payment, buyers should budget for taxes, notary fees, legal fees, and registry costs, which can add up to 10–15% of the property price.

These rules vary slightly by region and lender, but they form the core of mortgage assessments across Spain.

Foreign buyers and expats: What’s different?

Spain remains a popular destination for foreign property buyers, but getting a mortgage as a non-resident comes with a few extra requirements.

Most Spanish banks will:

• Ask for larger down payments, often 30–40% of the purchase price
• Require proof of stable income from abroad (e.g., payslips, tax returns, employment contracts)
• Assess your existing debt levels in your home country
• Require a valid NIE number (foreigner ID) and a Spanish bank account

If you’re an EU citizen, the process is simpler, but it’s still slower than for residents. Many expats use international mortgage brokers to smooth out the paperwork and language barriers. Calculating your budget in advance gives you a stronger position before applying.

Example mortgage calculations for Spain

To give you a better idea of what to expect, here are a few sample scenarios based on typical Spanish lending terms. All estimates use a 4% interest rate and a 30-year loan term.

Buyer Type	Combined Annual Income	Max Loan Estimate	Monthly Payment
Single Buyer	€35,000	€98,000	€468
Couple	€60,000	€168,000	€802
High-income Buyer	€90,000	€252,000	€1,202

These are approximations. The calculator allows you to enter your own figures and adjust for local interest rates and terms to get a more personalized estimate.

What to do after calculating your mortgage

Once you’ve used the calculator to estimate your budget or monthly repayment, the next step is to prepare for a conversation with a Spanish lender or mortgage broker. Be ready to gather:

• Proof of income (recent payslips or tax returns)
• Bank statements and savings information
• ID documents and your NIE number
• Property details if you’ve already chosen a home

Having these ready can speed up the pre-approval process significantly. If you’re a foreign buyer, working with a broker who understands both Spanish and international documentation can simplify the entire process. The goal is to match your estimated mortgage range with actual loan offers.

Common mortgage types in Spain

Spanish mortgage loans generally come in three forms: fixed-rate, variable-rate, and mixed.

A fixed-rate mortgage keeps the same interest for the entire term, which offers predictable monthly payments and is preferred by long-term planners.

A variable-rate mortgage is tied to the Euribor, meaning your rate (and monthly payment) can rise or fall over time depending on the market. This type often starts cheaper but carries more risk.

A mixed mortgage starts with a fixed rate for a few years and then switches to a variable rate, offering a balance between stability and flexibility.

The calculator supports all of these by allowing you to input different interest rates and loan durations, helping you test which type suits your financial situation best.