Mortgage Calculator Spain 2026
Complete mortgage calculator for Spain. Calculate monthly payments, ITP, housing taxes, financed percentage and total costs.
How to Use Our Mortgage Calculator
Our mortgage calculator lets you simulate your mortgage conditions in Spain for free. Enter the property price, your down payment, interest rate, and loan term to instantly see your monthly payment, total mortgage cost, and a complete interest breakdown.
You can also calculate the ITP (Property Transfer Tax) by autonomous community, including applicable discounts for buyers under 35, large families, or people with disabilities. For new construction properties, the calculator automatically applies the corresponding VAT.
Compare fixed vs variable mortgages to see how Euribor affects your monthly payment. The sensitivity analysis shows how your payment would change with different property prices and savings levels.
Frequently Asked Questions About Mortgages in Spain
How is the monthly mortgage payment calculated? ▼
The monthly payment is calculated using the French amortization formula, which considers the loan amount, annual interest rate (APR or nominal), and term in years. Our mortgage calculator applies this formula automatically and shows you the breakdown of principal and interest.
What is ITP and how much do I pay when buying a resale property? ▼
ITP (Impuesto de Transmisiones Patrimoniales) is the property transfer tax paid when buying a resale property in Spain. The rate varies between 4% and 10% depending on the autonomous community, with reductions available for young buyers, large families, and other qualifying situations.
Is a fixed or variable mortgage better in 2026? ▼
It depends on your risk profile and Euribor outlook. A fixed mortgage gives you payment stability, while a variable mortgage may be cheaper initially but fluctuates with Euribor. Use our calculator to compare both scenarios with up-to-date data.
How much savings do I need to buy a house in Spain? ▼
Typically you need at least 20% of the property price as a down payment (banks usually finance up to 80% of the appraised value), plus an additional 10-12% to cover taxes (ITP or VAT), notary, registry, and agency fees. In total, approximately 30-32% of the price.
What is Euribor and how does it affect my mortgage? ▼
Euribor (Euro Interbank Offered Rate) is the interest rate at which European banks lend money to each other. If you have a variable mortgage, your payment is periodically recalculated by adding a spread to the current Euribor rate. You can check the historical Euribor evolution on our homepage.