Mortgage calculator: Simulate your monthly payment
How does the mortgage calculator work?
Use this free simulator to get a realistic estimate of your monthly payment, total interest, and loan amount in seconds. It works with fixed, variable, and mixed-rate mortgages and uses the French amortization system, which is used by almost all banks in Spain. You only need four pieces of information: the property price, your available savings, the loan term, and the interest rate.
Simulator of mortgage · FinanciaHG
Calculate your monthly payment, the amount to be financed and the amortization schedule (French system).
Amount to be financed
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Approximate monthly fee.
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Total interest
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% financed s/price
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| Month | Fee (€) | Interest (€) | Amortization (€) | Outstanding capital (€) |
|---|
Do you want us to study your case? We'll get you the best market conditions.
How much will you pay each month for your mortgage?
The calculator uses the French amortization formula, the system
standard in Spain. Based on the financed capital, the interest rate
annual amount and number of months, calculate a constant fee in which the
Initially, more interest is paid, but in the end, more capital is repaid.
To obtain the amount to finance, simply subtract your savings from
property price. Keep in mind that banks often finance as
maximum 80 % of the appraisal or purchase value —whichever is lower—,
Therefore, you will need to cover at least 20% of the % plus expenses.
sales, which range between 8 % and 13 % depending on the community
autonomous.
Fixed, variable, or mixed mortgage. Which one is right for you in 2026?
The mortgage market in Spain is going through a period of transition.
The Euribor in March 2026 stands at around 2.45 % on a monthly average,
with an uncertain trend due to the current geopolitical context. This changes
Calculating which type of mortgage is best suited to your profile:
Fixed mortgage: guarantees you the same monthly payment for the entire life of the mortgage.
loan, regardless of what the Euribor does. In 2026 the
The best banks offer fixed interest rates starting from 2.30% APR. It's the best option.
more recommended if you are looking for stability and predictability.
Variable mortgage: your payment is reviewed annually based on the
Euribor plus a spread agreed with the bank (usually between
0.49 % and 1.00 %). It may be cheaper in the short term if
The Euribor is falling, but this implies assuming the risk of increases.
Mixed mortgage: combines an initial fixed-rate period —usually
between 5 and 15 years—with a variable period afterwards. It's an option
intermediate option that gains popularity when there is uncertainty about the
evolution of types.
An independent mortgage advisor can help you compare the
Compare the actual conditions of each bank and choose the most suitable option
for your specific situation.
How much do I need to save before applying for a mortgage?
This is one of the most frequently asked questions. The general rule is simple:
The bank will finance a maximum of 80 % of the property value.
You must contribute the remaining 20 % upfront.
In addition, you will have to cover the purchase and sale expenses: between 8 % and
the 13 % of the price according to the autonomous community (ITP or VAT + AJD,
notary, registry and administrative services).
In total, it is recommended to have between the 28 % and the 33 %
of the property price in own savings before applying for the mortgage.
Example: For a €200,000 home, you would need between
€56,000 and €66,000 in prior savings.
If you don't reach that percentage, there are options: mortgages with a guarantor from
ICO for young people under 35, or specific solutions that
We will study with you in a personalized way.
Why use a mortgage broker instead of going directly to the bank?
When you go directly to a bank, you only see their terms and conditions. A broker
Independent mortgage broker compares offers from multiple lenders on your behalf.
entities and negotiate the terms before you sign anything.
The most important advantages are:
Access to interest rates and terms that are not available
for the general public.
Time savings: we manage all the documentation and
the procedures.
Objective advice: our interest is that you get the best
mortgage, not that they contract a specific product.
At no cost to the customer in most cases.
At Financia HG we have been helping families and buyers for years in
All of Spain can get the mortgage that best suits their situation
Real. Tell us your story and we'll give you a no-obligation answer.