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MORTGAGE COMPARISON TOOL

Compare, I want to compare.

And you will be able to do it. Here is the fixed-rate mortgage and the variable-rate mortgage next to it. Here are all of the factors to take into account for each one so you can say “this is better” or “I don't know” or “yes, of course, but what's that Euribor all about?”

  • Do you want to see the features of each mortgage type?
  • Do you want to compare the two options at one glance?
  • Do you want to discover what you like about each type of mortgage and why?
  • Do you want to finally understand what NIR, APR or Euribor are?
Comparador de hipotecas

Fixed or Variable-Rate? Compare each of the mortgages in detail

A complete table with the main figures for both types of mortgage: fixed and variable-rate. Payments, features, advantages, interests, expenses... Everything in plain sight.
Features
Fixed-rate mortgage
Variable-rate mortgage
How it works
You pay the same amount for the entire duration of the mortgage loan
It varies and is updated against the benchmark index
Main advantage
Peace of mind. Payments do not depend on fluctuations in the interest rate
Subject to fluctuations in the Euribor
Monthly payment
Income
Interest rate
Fixed forever
Euribor + spread
Term
Up to 30 years, provided you are not over 75 years old at maturity
Up to 30 years, provided you are not over 75 years old at maturity
Maximum % to finance
80% first home
60% second home
80% first home
60% second home
Interest rate/price
20 years(1)
Subject to meeting the terms and conditions

Annual NIR 1.30%
APR 1.97%
If terms and conditions are not met
Annual NIR 2.60%
APR 2.94%
Up to 30 years
If terms and conditions are met(2)
Euribor + 0.99% NIR First year
1.99% Variable APR 2.63%
If terms and conditions are not met
Euribor + 2.29% NIR First year
3.29% Variable APR 3.63%
Arrangement fee
If you have (except Efficient House Mortgage)
If you have (except Efficient House Mortgage)
Mortgage expenses
Zero management expenses
Zero registration expenses
Zero notary expenses
Zero stamp duty (IAJD)
€249.56 appraisal
Zero management expenses
Zero registration expenses
Zero notary expenses
Zero stamp duty (IAJD)
€249.56 appraisal

Feels like something is missing, right? we will explain what the Euribor, NIR and APR are

Euribor

It is the interest rate at which European credit institutions lend money to each other and it is the benchmark for variable-rate mortgages. The fixed part that you negotiate for your variable-rate mortgage is added to the percentage established by the Euribor, known as the spread. So, if the Euribor goes down your payment goes down, and if it goes up, it goes up.

  • The Euribor is reviewed monthly

NIR

It is the nominal interest rate. In other words, it is a fixed percentage that is agreed for a borrowed amount of money. It is the basis for calculating the APR, so it is important, but it is not a good reference to compare loans.

  • It does not have to be annual and does not take into account expenses, etc.

APR

The Annual Equivalent Rate (APR) is the index used to calculate the real interest rate at which the bank grants us a loan.

  • It is therefore the most useful benchmark for comparing mortgages of the same type and term.
  • For variable-rate mortgages, the APR is for reference only because it will also vary with the Euribor.

Your questions, and those asked by almost everyone else