Spain Mortgage Calculator: Costs and Monthly Payment

Work out your purchase taxes and fees, the monthly mortgage payment and the yearly running costs of a Costa del Sol property, in one calculator.

Property price

€

Down payment

€

Loan term

years

Interest rate

Mortgage estimate1.752 €/ month at 3.5%

Purchase costs

Property price500.000 €

IVA / VAT (10%)

Value Added Tax (IVA) on new-build properties in Spain. Properties pay a lower transfer tax instead.

50.000 €

Stamp Duty (1.2%)

AJD (Actos Jurídicos Documentados), a tax on notarised documents. The rate varies slightly by region.

6.000 €

Notary and Registry

Notary fees for signing the deed (about €600-1.500) plus Land Registry fees to register it in your name (about €400-800). Combined, usually under €2.000 for a standard apartment.

1.700 €

Legal Fees (1%)

Independent lawyer fees for checking the property, the contract, and managing the purchase for you.

5.000 €

Total to buy562.700 €

Total money needed upfrontDown payment (30%) + Purchase costs

212.700 €

Other costs to budget for

Tap any item for what it covers.

One-time

Furniture and extras

Furniture, light fittings, curtains and terrace sun shades. Varies a lot with taste and the size of the property.

Varies

Currency exchange

If you pay from a non-euro account (GBP, USD and so on), budget for the exchange spread. A currency specialist usually beats the bank's rate.

Non-euro buyers

Mortgage set-up

If you take a Spanish mortgage: a property valuation (about €300-600) plus the bank's arrangement fee. Since 2018 the mortgage stamp duty is paid by the bank, not you.

If financing

NIE number

Your Spanish foreigner's tax number, required to buy. Your lawyer arranges it; only a small admin cost.

Via your lawyer

Utility connections

Connecting or registering electricity and water in your name, common on new-builds.

One-off

Proof of funds (AML)

Anti-money-laundering rules: the bank and notary will ask for documents showing where your money came from. No cost, just paperwork to prepare in advance.

Paperwork

Ongoing

Community fees

Shared upkeep of pools, gardens, lifts and security, set by the owners' community. Higher where there are more amenities.

Monthly · varies

Property tax (IBI)

Annual council tax, set by the town hall as a percentage of the cadastral (rateable) value, which is usually 30-50% below the market price.

0.4-1.1% / year

Rubbish collection (basura)

Municipal rubbish collection fee, billed by the town hall.

≈ €100-300 / year

Property insurance

Buildings and contents cover. Required if you have a mortgage, recommended otherwise.

varies

Non-resident income tax

If you don't rent the property out, non-residents still pay a small yearly imputed-income tax based on the cadastral value.

If not rented

Utilities

Electricity, water and internet. Depends on the size of the property and how much you use it.

varies

Property management

If you're abroad, a manager can hold keys and handle maintenance or rentals. Entirely optional.

Optional

Wealth tax

Most buyers never pay this. It only applies to large Spanish asset holdings (roughly €3M and above) and varies by region.

Rarely applies

Figures are indicative only. We work with professional lawyers and mortgage brokers who can give you exact numbers.