Free tool
Mortgage calculator
Enter a price, choose the country you are buying in, and see what the monthly payment looks like at the rate banks in that market are charging right now.
- Free
- No registration
- Live ECB rates, 12 countries
- No broker will call you
Type over the starting figure with the asking price you are looking at. Everything below updates as you type.
Mortgage Calculator
Source: ECB (European Central Bank)
Mortgage rates in Spain: Jun 2026
Current average rate
2.89%0.23 pp / 10 mo
Up 0.23 percentage points across the months shown.
This is the average annualised rate on new housing loans agreed by banks in Spain, as reported to the European Central Bank. Your own offer will sit above or below it depending on your deposit, your income, and how long you fix for.
Source: European Central Bank MIR statistics, new business, loans to households for house purchase.
Borrowing rules in Spain
- Maximum loan, residents
- 80% of the price
- Maximum loan, non-residents
- 70% of the price
- Terms lenders commonly offer
- 15, 20, 25, 30 years
- Most common term
- 25 years
How it works
How this calculator works
No sign-up, no credit check, no lead form. The calculator is a pricing model, not a funnel.
Step 01
Set the price and the market
Mortgage pricing is national, not European. A loan in Prague and a loan in Lisbon are quoted by different lenders under different rules, so the country you pick changes the answer more than anything else on this page.
Step 02
We apply the country's current average rate
Instead of a made-up default, the calculator loads the latest average interest rate on new home loans that banks in that country reported to the European Central Bank. It is the same figure central banks and the financial press quote.
Step 03
Move the deposit and the term
Deposit size and repayment length are the two levers you actually control. Drag them and watch the monthly figure and the total interest move together, so you can see what a shorter term really costs per month.
A worked example
€250,000 in Spain, line by line
A 20% deposit, 25 years, and the rate lenders in Spain are writing today. Interest adds another 32% of the purchase price over the life of the loan, and 72% of that interest falls in the first half of the term.
Principal and interest only. It excludes property transfer tax, notary and land-registry fees, building insurance, and any lender arrangement fee, all of which vary by country and are payable in cash at completion.
Year 2: principal overtakes interest
Cross-border buyers
The deposit is the border you actually feel
The advertised rate travels well. The loan-to-value ceiling does not. Most European lenders finance a smaller share of the price for a non-resident than for somebody on the local tax roll, and the difference is cash you need before you are handed the keys.
Spain
- 80% resident
- 70% non-resident
On a €250,000 home in Spain, a resident needs €50,000 up front against €75,000 for a non-resident, a gap of €25,000.
Non-residents are usually asked for a larger deposit than locals, and some lenders will not finance a property bought to let out to holidaymakers. Treat these as the ceiling a bank will consider, not an offer.
Questions
Mortgage questions, answered
Short answers, no asterisks.
How much can I borrow?
Two limits apply and the lower one wins. The first is loan-to-value, the share of the price a lender will finance: the ceiling is set nationally and differs for residents and non-residents, and the borrowing-rules panel above shows the figures we hold for each market. The second is affordability, the share of your net income a lender will let the repayments take, and that is usually what bites first. Set the deposit to your market's minimum and the calculator shows the largest loan that ceiling allows.
Where does the interest rate come from?
From the European Central Bank's MIR statistics: the average annualised rate on new housing loans that banks in each country reported that month. For Spain, the latest published figure is 2.89% (June 2026). It is an average across every lender and every borrower profile in the country, so treat it as a starting point rather than a quote.
Is the average rate the same as the rate a bank will offer me?
No, and the gap matters. The published average blends fixed and variable deals, short and long fixes, and borrowers with very different risk profiles. Your own quote moves with your deposit, your income stability, whether you take the lender's insurance, and how long you fix for. Use the average to compare countries and to sanity-check what a broker tells you, then collect real offers before you commit.
Can I get a mortgage abroad if I do not live there?
Usually yes, on tighter terms. Non-resident buyers are capped at a lower loan-to-value than residents in most markets and are asked for more documentation. Some banks also lend only in the currency of your income, which is worth checking early if you earn outside the euro area. The borrowing-rules panel above shows the resident and non-resident ceilings we hold for the country you selected.
How long should the term be?
The terms lenders commonly offer differ by country, and the panel above lists the ones we hold for your market. A longer term lowers the monthly payment and raises the total interest, often substantially on a large loan. Move the term buttons in the calculator and read the monthly payment against the total interest line before you decide.
What costs are missing from this calculation?
The calculator returns principal and interest only. On top of that, budget for purchase or transfer tax, notary and registration fees, agency commission where the buyer pays it, valuation and arrangement fees, and the building insurance a lender will require. Those are national, they are paid in cash at completion, and they are the reason a deposit alone is rarely enough.
Other free tools on Seeki.eu
- Property value estimatorSee what your current home would fetch, based on what comparable properties near you are actually listed for.
- Prices per m²Average price per square metre for every country, region, and city we index, so you can sanity-check an asking price before you borrow against it.
- Market reportsQuarterly house-price movement across our European markets, with the Eurostat house-price index behind it.
You have the number. Now find the home.
Browse homes across 12 European markets. Every property page runs the same rate through the same maths, so the monthly figure follows you from here to the listing.