Spain 💰 EUR Last updated2026-05-28

Hipoteca Calculator Spain

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Quick answer (Spain)

A €200,000 hipoteca at 3.6% mixed rate over 25 years works out to a monthly payment of about 1012 €, with total interest of 103.602 € over the full term.

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Mortgage Calculator

EUR

Home Value

€

LTV 80% · No PMI ✓

Loan Amount

€

Interest Rate

Term

Total Monthly

1.345 €

PITI

Principal + Interest

1.012 €

34% goes to interest

Total Interest

103.602 €

over 25 years

Monthly Breakdown

Principal & Interest1.012 €

Property Tax (1.1%/yr)229 €

Homeowner's Insurance (0.5%/yr)104 €

Total Monthly1.345 €

Principal vs Interest Split

66% principal

34% interest

✨ Live recalculation·Includes P&I, property tax, insurance. Estimates only — consult a licensed lender for exact rates.

Reviewed by

Aisha Rahman, CFP®, MBA LinkedIn ↗

CFP® with 12+ years in mortgage & retirement planning.

Local context

Hipotecas in Spain

Typical loan

200.000 €

in Spain

Typical rate

3.6% p.a.

prime borrower, 2026

Typical term

25 years

most common

Market overview

Spanish hipotecas are dominated by Euribor-linked variable-rate loans, though mixed (fixed-then-variable) and pure fixed rates have grown post-2022. Major lenders include Santander, BBVA, CaixaBank, Banco Sabadell, and Bankinter. Following ECB rate cuts in 2024-2025, 12-month Euribor sits near 2.5%, making variable-rate hipotecas more attractive again after the 2023 spike.

Why 3.6% is the typical rate

3.6% is the typical mixed-rate hipoteca for a 75% LTV loan on prime borrowers in 2026. Pure fixed-rate at 25 years runs 3.8-4.2%; pure Euribor-variable runs roughly Euribor + 0.75-1.25%.

Tax & regulatory notes

Impuesto sobre Transmisiones Patrimoniales (ITP, transfer tax) ranges 6-10% on second-hand homes (varies by autonomous community). IVA (10%) plus AJD (Stamp Duty, ~1-2%) apply to new builds. Mortgage interest deduction was eliminated for new buyers after 2013. The 2019 Ley Hipotecaria caps default penalties and requires the borrower understand all terms via a 10-day cooling-off period.

🧮 Worked example

A €200,000 hipoteca at 3.6% mixed rate over 25 years

Loan amount

200.000 €

Annual interest rate

3.6%

Term

25 years (300 months)

Monthly payment

1012 €

Total interest paid

103.602 €

Total paid (principal + interest)

303.602 €

❓ FAQ (Spain)

Common questions in Spain.

Fixed vs variable hipoteca in Spain — which to choose?

With Euribor declining since late 2024 toward 2.5%, variable-rate hipotecas (Euribor + 0.75-1.25%) have once again become cheaper than fixed at signing. Fixed offers predictability for the full term. Mixed (fixed for 3-10 years, then variable) is the most popular hybrid in 2026 — best of both worlds.

How much can foreigners borrow for a Spanish hipoteca?

EU residents typically qualify for up to 80% LTV; non-EU residents are capped at 60-70% LTV (called the "non-resident hipoteca"). You need a Spanish NIE (foreign identification number), 3 months of pay slips, and proof of stable income. Spanish banks generally lend up to 30% of monthly income as the EMI cap.

What are the total upfront costs for a Spanish home purchase?

Plan for 10-15% above the property price: ITP/IVA + AJD (6-12%), notary (€500-1,500), property registry (~€500), gestoría (~€300-500), valuation/tasación (€300-600), and mortgage opening fee (0-1.5%). Banks legally cannot charge tasación or notary fees post-2019, but most consumers split them voluntarily.

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