Spanish
Mortgage Calculator
Fill in the fields with our Spanish Mortgage calculator. Check your projected Spanish mortgage repayments:
In Septemver 2026 the 12 month Euribor is plus 2.954%. For revisions and completions within the month.
June 2019 mortgage regulation. Know the facts about new legislation in Spain
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Free Mortgage Approvals in Principle
- Unsure of what you could borrow in Spain?
- Have concerns about mortgage funding possibilities in current environment?
- Want to have your finances sorted before committing to visiting Spain?
- IMS offers no cost and no obligation full Spanish bank approvals
Products Available
Want to buy in Spain as a non-resident? We provide straight answers about the mortgage products available and help you decide what type of loan works for you. Fixed rates offer long-term stability, while variable rates allow for more cost-effective overpayments. Get quality, advice from our experienced experts.
Spanish Mortgages (video)
Find out how Spanish mortgages differ to the UK?
Using our free Spanish Mortgage calculator
Most lenders in Spain offer mortgages up to 20 years, so this is the safest assumption to use in the calculator — though a small number of lenders can extend to 30 years. The loan normally must be repaid by age 75, which is also the safer figure to use, though this can extend to 80 with certain lenders. It’s best to reflect these standard term restrictions when using our Spanish mortgage calculator.
All mortgages in Spain are repayment mortgages. Our calculator lets you see what interest-only payments would look like, but your actual monthly payment will be capital and interest combined.
As a guide, we use a default rate that we update as rates change. For a variable rate, add between 1% and 1.5% to the 12-month Euribor rate. For completions in September, the 12-month Euribor is 2.954%.
Underwriting Criteria for Mortgages in Spain
Once you have your monthly payment from our Spanish mortgage calculator, you can start to assess how viable this will be.
Most Spanish banks work to a debt-to-income ratio of 35%, based on net, not gross, income. Add the Spanish mortgage payment shown to your current monthly debt payments. Divide the total monthly payments — in Spain and your country of residence — by your total net income.
This gives you the debt-to-income ratio as Spanish banks calculate it. The bank looks at monthly payments as shown on your credit file. If you have a joint mortgage or rent, the bank calculates the full payment, regardless of whether you only pay a share of it.
Guidance on How Spanish Banks Assess Risk
There are no hard and fast rules about how each Spanish bank risk-assesses applications, but a few things are worth considering when looking at your debt-to-income ratio.
Bear in mind the currency exchange rate — banks assume upward fluctuations if you don’t earn in euros, so add 15% to current rates when converting your personal debt to euros.
A regular bonus is only included if it’s guaranteed with a track record of stability. Dividends are taken into account if declared, averaged over the last 3 years.
For buy-to-let income, only net profit declared on a tax return is considered.
Free Quote and Personalized Spanish Mortgage Calculator
Free Quote and Personalized Spanish Mortgage Calculator
Fill out and submit the contact form below, and we’ll check the viability of what you’re looking to borrow. We’ll also provide a detailed written mortgage illustration, so you can see exactly what your Spanish mortgage would look like — for both fixed and variable rate options.
We can help you understand current interest rate levels and work out the right budget for your Spanish property. We’ve helped hundreds of buyers in Spain secure competitive loan terms, and we’re happy to talk through the details before you fill in the form.