Tips, steps, procedures, comparison tools... Everything you need to get to your new home.
Mortgage costs calculator
Both mortgage costs and costs associated with buying the house!
- Simulate the expenses associated with the purchase and with the mortgage.
- It will only take a minute.
- You won't get confused because the simulator does the calculation in just one step.
Some expenses are borne by the bank
- Zero management expenses
- €0 registration fee.
- Zero notary expenses.
- Zero stamp duty.
Now that you know what the expenses are, you will be wondering: what exactly are they for?
It is the market value of the house and considers variables such as location or surroundings. The price will influence the percentage granted to you in the loan.
They are notary fees for recording the purchase of the house and the signing of the mortgage loan in a public deed.
Registro de la Propiedad
Once you have the deeds, you need to register the house with the Land Registry in the town or city where it is located. It is one more piece of official evidence that shows that you have bought the home
IAJD (stamp duty)
Stamp duty (IAJD) varies depending on each autonomous community and is calculated based on the amount that appears in the notarial deed. It is common to all types of housing, new or second-hand.
If the house is a new build, you will have to take VAT into account. In general terms, this is 10% of the cost of the house. However, there are some exceptions, such as in the Canary Islands where it is 6.5% or in the case of public housing.
Asset transfer tax
Other possible expenses to consider
Do not confuse expenses with fees because they are not the same.
Both are translated into euros but, unlike expenses, fees vary depending on the mortgage chosen or the amount requested. Here are some of the most common.
- Arrangement fee.
- Early repayment fee.
- Subrogation fee.