Budget beyond the deposit
Your deposit covers part of the property price. Your completion budget also needs to include the purchase expenses you pay and the cash you plan to keep afterwards. This Spain deposit calculator adds those amounts, subtracts available funds and estimates the time needed to close any shortfall. It does not assess mortgage eligibility or lender approval.
A worked cash‑goal example
A 20% deposit on a €240,000 home is €48,000, leaving a €192,000 mortgage. Adding an illustrative €22,000 of buying costs and an €8,000 retained reserve brings the cash goal to €78,000. With €60,000 already available, the €18,000 gap would take about 24 months to close at €750 per month. These figures are examples only and not a Spanish tax quotation.
Enter the costs for your transaction
Record purchase taxes, purchase‑deed expenses, appraisal and other services payable by you. The property, location and transaction determine the applicable amounts. Keep mortgage‑establishment costs separate from purchase costs and avoid entering the same invoice twice. When comparing deposit percentages, the tool keeps these cost inputs unchanged.
What the displayed LTV means
The tool divides the estimated loan by the purchase price. It has no appraisal input, so the result may differ from the lender’s valuation‑based ratio. The 80% marker is a comparison aid; a deposit scenario does not confirm that a bank will fund the remaining balance.
Check when funds will arrive
Count each source once and include only money available for completion. An expected grant or family gift may arrive later or require documentation. The emergency reserve increases your savings target but is money retained, not a fee paid away. The timeline assumes steady monthly saving and no price changes or savings interest.