Calculate your monthly mortgage payment in Spain: total interest, purchase costs and taxes (ITP or VAT) by autonomous community, and simulate early repayments reducing the instalment or the term. Detailed explanation of the calculations
Spanish Mortgage Calculator
Calculate your monthly mortgage payment in Spain including taxes and fees.
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Autonomous Community
Catalonia
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€
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€
Type
Monthly cost
674,57 €
Total upfront (down payment + taxes + fees)
62.400 €
Mortgage total cost
242.843,92 €
Monthly cost
674,57 €
Taxes
20.000 €
Notary fees (0.5%)
1.000 €
Land Registry (~0.2%)
400 €
Gestoría / Admin fees (~€600)
600 €
Property valuation (~€400)
400 €
Down payment
40.000 €
Total upfront (down payment + taxes + fees)
62.400 €
Mortgage total cost
242.843,92 €
All downpayment + mortgage total cost
305.243,92 €
Monthly cost: 674,57 €
Mortgage frequently asked questions
How is the monthly mortgage payment calculated?
Almost all Spanish mortgages use the French amortisation system: you pay a constant instalment and, at the beginning, most of each payment is interest. The instalment depends on the amount borrowed, the interest rate and the term. A longer term lowers the monthly payment but increases the total interest you end up paying.
How much deposit do I need to buy a home in Spain?
Banks normally finance up to 80% of the purchase price, so you need around a 20% deposit plus an extra 10-15% for taxes and fees. For a 200,000€ home that means having roughly 60,000€ to 70,000€ saved.
Which taxes and costs do you pay when buying a home in Spain?
For a resale home you pay the ITP transfer tax, set by each autonomous community (generally between 6% and 11%, with reduced rates for young buyers, large families or social housing). For a new build you pay 10% VAT plus stamp duty (AJD). Add notary, registry and appraisal fees. The calculator includes these costs for your region; see every rate in the ITP tab.
Is it better to repay early by reducing the instalment or the term?
Reducing the term saves more interest, because you shorten the years during which the outstanding capital accrues interest. Reducing the instalment frees up money every month. The calculator lets you simulate an early repayment both ways and compare the savings.
How much of my salary can go to the mortgage?
The usual recommendation from the Bank of Spain is to spend no more than 30-35% of your net monthly income on debt payments, mortgage included. Work out your net salary with our calculator first and check that the resulting instalment stays below that limit.
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Fixed a crash that left the calculator blank when picking "Non-residents" or "Beckham Law" as the region: they are income tax regimes and pay no ITP, so they no longer show up in the mortgage region selector.
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New FAQ section: how the instalment is calculated, deposit needed, purchase taxes and costs, repaying by instalment vs term, and how much of your salary to spend on the mortgage.
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Fixed Andalusia's ITP: it now applies the single general rate of 7% (Decreto-ley 7/2021) instead of the old 8-10% progressive scale. New-build homes in Andalusia now also include the 1.2% AJD alongside VAT.
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Added shareable links. Copy a link with your current mortgage simulation (price, down payment, interest, term...) to share or save it easily.
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Added home purchase costs to the mortgage calculator: Land Registry, gestoría and property valuation fees.
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Added editable down payment field in the mortgage calculator. You can now directly enter the down payment amount and all values will automatically update (house price, down payment and financed percentage).
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Updated mortgage calculator to show a ITP tax comparison per autonomous community.
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Updated mortgage calculator to show a house type selector. New (IVA) or second hand (ITP). Notary fees added too.
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Updated mortgage calculator to show the amount of taxes (ITP) to be payed by autonomous community.
Monthly cost
674,57 €