Move the sliders to see your estimated monthly payment, loan amount and total interest on a Spanish mortgage. It uses the same French-amortisation method the banks use, and reflects 2026 lending norms for international buyers.
How much can you borrow?
Spanish lenders size the loan on the lower of the purchase price and their own valuation, and your residency status sets the ceiling. As a rule of thumb:
| Buyer | Typical maximum LTV | Deposit needed |
|---|---|---|
| Resident | Up to 80% | ≈ 20% + costs |
| EU non-resident | ≈ 60–70% | ≈ 30% + costs |
| Non-EU non-resident | ≈ 50–60% | ≈ 40–50% + costs |
How the calculation works
Spanish mortgages use the French system (cuota constante) — a fixed monthly payment for the life of the loan. The payment is M = P × r ÷ (1 − (1 + r)⁻ⁿ), where P is the loan, r the monthly rate (the annual rate ÷ 12) and n the number of monthly instalments. In the early years most of each payment is interest; over time the balance tips toward capital. If you set the rate to 0%, the calculator simply spreads the loan evenly across the term.
Rates in 2026
The 12-month Euribor — the reference for most Spanish mortgages — sits around 2.8% in mid-2026. That puts resident fixed rates at roughly 2.5–3.2% and non-resident fixed rates at about 3.5–4.5%, depending on nationality and profile. As rates eased, variable and mixed products linked to Euribor regained ground; fixed remains popular with foreign buyers who value certainty. Treat any figure here as an estimate and confirm the live offer with your lender or broker.
New to the process? Read our guides to buying as a non-resident and the cost of buying in Spain, or estimate your purchase costs with the property tax & cost calculator.
Spotted an error or have a suggestion? Let us know here — we keep this guide up to date.
Frequently asked questions
How much can I borrow for a Spanish mortgage?
Spanish banks typically lend up to 80% of the value to residents and around 70% to EU non-residents (50–60% for non-EU buyers), based on the lower of the price and the bank’s valuation. Budget a deposit of roughly 30% (EU) to 50% (non-EU), plus purchase costs of about 10–12% on top.
How is the monthly mortgage payment calculated?
Spanish banks use the French amortisation system (cuota constante): a fixed monthly payment M = P × r ÷ (1 − (1 + r)⁻ⁿ), where P is the loan, r the monthly interest rate (annual ÷ 12) and n the number of months. Early payments are mostly interest, later ones mostly capital. This calculator applies that formula instantly.
What mortgage rates can I expect in Spain in 2026?
In mid-2026 the 12-month Euribor sits around 2.8%. Residents see fixed rates of roughly 2.5–3.2%; non-residents typically 3.5–4.5%, depending on profile and nationality. Variable and mixed products linked to Euribor have regained popularity as rates eased.
Can non-residents get a mortgage in Spain?
Yes. Most major Spanish banks lend to non-residents, usually up to 70% LTV for EU buyers and 50–60% for non-EU, over terms of 20–25 years (the loan typically must end by age 70–75). You will need proof of income, tax returns and bank statements.
What costs are not included in the mortgage?
The mortgage covers only the property price up to the LTV limit. Purchase taxes and fees — around 10–12% in Catalonia (ITP or IVA+AJD, notary, registry, legal) — are paid in cash on top of your deposit. Use our property tax and cost calculator to estimate them.