Spanish
Mortgage Calculator
Fill in the fields with our Spanish Mortgage calculator. Check your projected Spanish mortgage repayments:
In October 2025 the 12 month Euribor is plus 2.172%. For revisions and completions within the month.
June 2019 mortgage regulation. Know the facts about new legislation in Spain
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Want to buy in Spain but not a resident? In this instance find out about the mortgage products available. Fixed rates provide long term stability. Understand how fixed rates work in Spain. Get quality, experienced advice. Also regulatory requirements met. No interest only available in Spain
Spanish Mortgages (video)
Find out how Spanish mortgages differ to the UK?
Using our free Spanish Mortgage calculator
Most lenders in Spain only offer mortgages up to 20 years. The loan must be paid off by age 75 years. So it is best to reflect the normal restrictions of years, when using the Spanish Mortgage calculator.
All mortgages in Spain are repayment. You have the option on our mortgage calculator to see what interest payments you would make. However the actual monthly payment will be capital and Interest.
As a guide we have a default rate which we update as rates change. If looking at a variable rate you need to add 1.5% to the 12 month Euribor rate. Current 12 month Euribor for October 2025 is 2.172%.
Underwriting criteria for Mortgages in Spain
Once you have the monthly payment after using our Spanish mortgage calculator, you can start assess how viable this will be.
Most Spanish Banks work to a debt to income ratio of 35%. This is based on net, not gross incomes. Add the Spanish mortgage payment shown to your current monthly debt payments. Divide the total monthly payments Spain and country of residence, by the total net incomes.
This gives you a debt to income ratio. As the Spanish Banks will calculate it. The Bank will look at monthly payments as per your credit file. If you have a joint mortgage, or rent the Bank will calculate the full payment. Immaterial of if you only pay a share of it.
Guidance on what is and what is not included in the risk assessment
There are no hard and fast rules about how Spanish Banks risk assess. It is however worthwhile considering a few things when looking at your debt to income ratio. Always obtain first the new mortgage payment by putting the loan amount, default interest rate as well as term of loan into the Spanish Mortgage calculator.
Firstly bear in mind the currency exchange rate. Banks will assume upward fluctuations if you don’t earn in euros. Take current exchange rates and add 15% when converting your personal debt to euros.
Regular bonus is only included if it is guaranteed and you can show historic stability of levels. Dividends declared and sustained over a 3 year period are taken into account for self employed individuals. Use an average of the last 3 years.
Buy to let mortgages versus income are normally treated in the following way. Add the buy to let loan payments to your outgoing. Add the rental income to your incomes. Rental income is only considered if you declare it on your tax return.
For further information and expert calculation of your affordability ratio you can contact us for free guidance.
Free Quote and personalized Spanish Mortgage Calculator
Please fill out and submit our contact form below and we will check viability of what you require. Please also provide a detailed written mortgage illustration. Use our Spanish Mortgage calculator to determine monthly payments. Fixed or variable rate mortgages are both available. We can help you understand interest rate levels and calculate the exact budget for your Spanish property. If you need more details contact us by filling the form below. We have helped hundreds of buyers in Spain. Therefore gain best possible loan terms and conditions.