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Calculator for mortgage costs

To calculate the costs of your mortgage, we will need you to provide us with some details. During the calculation, we'll show you all the costs related to the purchase of the property and setting up the mortgage.

Value between €37,500 and €1,000,000
Value between €37,000 and €800,000
Value between 3 years and 30 years
New house?
Primary residence?
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View What are the costs of applying for a mortgage? What are the costs of applying for a mortgage?

When you decide to apply for a mortgage to buy a house, whether it's your primary residence or a second home, it's important to bear in mind that you will have to pay certain costs when you complete the transaction.

With our mortgage cost calculator you can quickly find out the amount you will have to pay as tax as well as for notary, registration, management and appraisal fees. These costs will depend on the purchase price, the size and duration of the mortgage, the city or province where the property is located, whether it's a new build or second-hand, and whether it's your primary residence or a second home.

The purchase of the property and the arrangement of the mortgage are two separate transactions and they therefore generate separate costs, even though they are usually formalised at the same time.

Purchase and sale costs: These are paid by the buyer and the seller.

Mortgage arrangement costs: Mortgage arrangement costs:

A brief explanation of these costs follows.

Costs of buying and selling a house

Stamp duty (known by in Spain by the initials IAJD): This tax is calculated according to the price of the property and depends on the autonomous region of Spain where it is located.

VAT or Asset Transfer Tax (known in Spain by the initials ITP): VAT is charged if the property is a new-build and ITP if it is second-hand.

Notary: The transaction must be performed before a notary, whether the property is a new-build or second-hand.

Registration: This refers to registering the property deeds with the land registry. You will have signed the deeds before the notary and they are registered to grant them full validity.

Management costs: The management agency prepares all the necessary documents and takes care of the paper work related to the mortgage.

Mortgage arrangement costs:

Appraisal: The appraisal is a mandatory step of the mortgage application procedure. The Bank uses the appraisal value to calculate the maximum amount it will finance. This will usually be 80% of the purchase price or the appraisal value, whichever is lowest.

Other costs: Like the purchase transaction, the mortgage arrangement entails taxes and notary, management and registration costs, but these are usually paid by the financial institution.

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