Calculator

Mortgage payment calculator for Spain

Repayment loan, reference rates checked on 15 October 2026 against the Banco de España's official rates published in the BOE.

In short

At 3.134%, the Banco de España's average rate on new mortgages over three years (August 2026), a €200,000 loan over 25 years costs €962 a month; the 12-month Euribor was 3.247% in September 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€962
Total interest€88,726
Total repaid€288,726
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 3.134%, by loan and term

Loan15 years20 years25 years30 years
€150,000€1,046€842€722€643
€200,000€1,394€1,123€962€858
€300,000€2,091€1,684€1,444€1,287

Calculation with the formula above at the Banco de España average rate on mortgages over three years for the purchase of open-market housing (August 2026). For comparison: 12-month Euribor 3.247% in September 2026 (2.954% in August 2026); average APRC on new house-purchase loans to households 3.096% in August 2026.

Before you borrow

Sources