Principal and interest
Breakdown over the full mortgage
Principal€0
Interest€0
Spain · EUR
Work Out the Monthly Payments on Your Spanish Mortgage
Estimate repayments, affordability and purchase costs for a home in Spain.
Balance over time
How the remaining loan balance changes
Amortization schedule
Annual summary including extra payments
| Year | Principal | Interest | Extra payments | Total paid | Ending balance |
|---|
Compare deposit and mortgage term
See how monthly payments and total interest change across different deposits and terms.
| Deposit | 15 years | 20 years | 25 years | 30 years |
|---|---|---|---|---|
| 10% | €3,528per month€230,037 interest | €3,020per month€319,697 interest | €2,735per month€415,377 interest | €2,560per month€516,555 interest |
| 15% | €3,332per month€217,257 interest | €2,852per month€301,936 interest | €2,583per month€392,300 interest | €2,418per month€487,858 interest |
| 20% | €3,136per month€204,478 interest | €2,684per month€284,175 interest | €2,431per month€369,224 interest | €2,275per month€459,160 interest |
| 25% | €2,940per month€191,698 interest | €2,516per month€266,414 interest | €2,279per month€346,147 interest | €2,133per month€430,463 interest |
6.50% interest rate · €450,000 property price
Interest-rate stress test
See how your payment and total interest could change if the mortgage rate rises.
0%+2.5%+5%
Stressed rate8.50%
Stressed monthly payment€2,899
Monthly difference+€468
Additional total interest+€140,422
This scenario holds the stressed rate constant for comparison. Actual variable, renewal, and lender rates may differ.
Save with extra payments
Add a monthly or yearly amount and see how much you could save over the full mortgage.
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Total interest saved€0
Time savedNo change
New payoff date—
Balance comparison
Standard paymentsWith extra payments
Plan the purchase and the monthly budget separately
A home purchase creates two different cash needs: money for completion and money to run the household afterwards. This Spain mortgage calculator starts with the purchase price minus your deposit, then estimates capital‑and‑interest payments. Optional IBI property tax, home insurance, community fees and life insurance build a wider monthly budget without reducing the loan balance.
How the repayment estimate works
The calculation uses monthly repayment instalments at a constant nominal annual rate. As the balance falls, less of each regular payment goes towards interest and more repays capital. A €180,000 loan over 25 years at 3% nominal interest produces a payment of about €854 a month before other expenses. Enter the nominal rate, known as TIN in Spain; the lender’s TAE is a separate cost‑comparison measure.
Understand the Euribor assumptions
Variable mode adds your entered Euribor figure to the bank margin and keeps that sum unchanged throughout the illustration. Mixed mode also holds the initial rate constant. Neither mode predicts future Euribor movements or schedules a reset. The higher‑rate comparison reruns the loan at another constant rate, so use it to explore sensitivity rather than forecast a future bill.
Appraisal and completion cash
The financing ratio uses the lower of purchase price and entered appraisal, falling back to price when appraisal is zero. Buying taxes and expenses use your combined percentage, with the appraisal fee added separately. Changing between new and resale property does not calculate the applicable local tax. Distinguish purchase expenses from mortgage‑establishment costs, and avoid counting an appraisal twice.
Read the early‑repayment results
Monthly, annual and one‑off extra payments reduce the modelled balance while the ordinary repayment stays unchanged. This can shorten the term. No early‑repayment compensation is deducted, and extras are outside the headline monthly housing total. Leave room for utilities, repairs and other unentered costs when deciding what payment level feels comfortable.
Frequently asked questions
Does the calculator fetch current Euribor?
No. Enter the benchmark and margin from the offer or scenario you want to examine. Check which reference period and review arrangements your contract uses.
Should I enter TIN or TAE?
Enter the nominal annual interest rate, TIN, for the repayment calculation. TAE includes additional cost factors and is not a substitute for the nominal rate applied to the outstanding balance.
Does mixed-rate mode include the later variable period?
No. It holds the initial rate constant. The stress comparison is a separate illustration, not a scheduled transition to a future variable rate.
Are buying taxes added to the loan?
No. The entered buying-cost percentage and separate appraisal fee are upfront estimates. They do not increase the mortgage balance or its regular payment.
Do extra payments reduce the term or the monthly instalment?
This model keeps the ordinary instalment and reduces the balance, which can bring repayment forward. It does not model a lender’s payment-reduction option or early-repayment charges.
Planning estimate only. The lender, appraisal, APR, Euribor, insurance and regional taxes may change the actual cost and approval.