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Spain Mortgage Calculator
What you actually need upfront and what you pay monthly, with Spanish taxes and fees included. Same calculator as the app.
Indicative estimate only. Resale: 7% transfer tax, plus roughly 1% legal fees and 1.5% for notary, registry and paperwork. New build: 10% IVA plus the same 1% legal fees, with the 1.5% covering the 1.2% stamp duty (AJD) in Andalucía plus notary and registry. The bank pays the stamp duty on the mortgage deed itself. Rates, loan-to-value limits and terms depend on the lender, your profile and the property, with the loan repaid before age 75. Not a mortgage offer or financial advice.
Cash needed upfront
Monthly payment
Independent Spanish mortgage brokers, registered with the Bank of Spain. No fee to find out what you can actually borrow.
Get a real quoteHow buying costs work in Spain
On a new build you pay 10% IVA plus 1.2% stamp duty in Andalucía. On a resale you pay 7% transfer tax and no stamp duty at all. Either way, add roughly 1% for legal fees plus notary and registry costs, all of which the calculator already includes. That is why it separates cash needed upfront from the mortgage itself: banks lend against the price, never against the taxes and fees.
Non-residents can usually borrow up to 70% of the purchase price, though the sweet spot is around 60%. Residents can borrow a little more. Terms run until age 75 at most Spanish banks, which is why your age sets the maximum term. Rates are negotiable, especially with insurance packages, so treat the default here as a starting point and get real offers before you commit.
The bank comes in at the end. You reserve, you sign the private contract and pay the deposit, and only then does the bank value the home and make its offer. The cash upfront is yours before any bank is involved, which is why the calculator shows it first.
The loan follows the valuation, not the price. The bank lends a share of its own valuation of the home, the tasación. On a new build the valuation often comes in above the price you pay, so the loan can cover a bigger part of it. On a resale the two are usually close.
A lower rate can cost more a month. Banks offer a better rate when you take their products with the loan: home insurance, life insurance, sometimes health insurance, a card or a salary account. Each one lowers the rate a little and adds to what you pay every month. Compare the total cost, not the rate.
