Calculator

Mortgage payment calculator for Spain

Repayment loan, reference rates checked on 4 November 2026 against the Banco de España's official rates published in the BOE.

In short

At 3.189%, the Banco de España's average rate on new mortgages over three years (September 2026), a €200,000 loan over 25 years costs €968 a month; the 12-month Euribor was 3.239% in October 2026. One more point of interest adds €108 a month on that loan. Spanish law sets no maximum loan-to-value: the share of the price a lender finances is its own decision.

Calculator

Calculate your monthly payment

Change any field: the payment is recalculated instantly.

Loan€200,000
Monthly payment€968
Total interest€90,460
Total repaid€290,460
Payment with one more point of interest+ €108

Formula: payment = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1), where P is the loan, r the annual rate ÷ 12 ÷ 100 and n the number of months (repayment loan, French system). The default rate is an average across lenders published by the Banco de España, not an offer: your lender sets your rate. Not included: the valuation, insurance, the costs the borrower pays (Ley 5/2019, art. 14.1.e) and changes of a variable rate during the loan.

Monthly payment at 3.189%, by loan and term

Loan15 years20 years25 years30 years
€150,000€1,050€846€726€648
€200,000€1,399€1,128€968€864
€300,000€2,099€1,692€1,452€1,296

Calculation with the formula above at the Banco de España average rate on mortgages over three years for the purchase of open-market housing (September 2026). For comparison: 12-month Euribor 3.239% in October 2026 (3.247% in September 2026); average APRC on new house-purchase loans to households 3.04% in September 2026.

Before you borrow

General information drawn from the official sources cited and dated on this page. It is not legal, tax or financial advice: for your own situation, ask a licensed professional.

Sources