Non-resident mortgage calculator

Non-resident vs resident mortgages

Spanish residents can get 80% LTV; non-residents are generally capped at 60-70%. The term is usually 15-25 years (residents can reach 30-35). You need a Spanish bank account, NIE, recent tax returns from your home country (typically 2 years), and bank statements. Most non-resident lenders require a minimum €150K loan.

Fixed vs variable (April 2026 context)

Euribor 12m sits at ~2.65% as of Q2 2026 after the ECB rate-cut cycle. Variable non-resident mortgages price at Euribor + 1.0-1.8% margin — effective rates 3.65-4.45%. Fixed mortgages are 3.2-4.5% for the strongest profiles (low LTV, high income, short term). Mix products (fixed for first 10-15 years, then variable) are common.

For UK/US buyers used to 2-year fixes that reset to SVR, Spanish mortgages feel long-fixed by comparison. For German buyers used to 10-20 year fixes, Spanish terms are familiar.

Rate stress test: why it matters

The stress-test table above shows what your monthly payment becomes if Euribor rises 1% or 2% from your input rate. For variable-rate borrowers, this is the single most important number after monthly payment itself. In 2022-23, Euribor moved from -0.5% to +4% in 18 months; households on variable mortgages saw payments double. Don't sign a mortgage you can't service at input + 2%.

What's not in this calculator

• Arrangement fees (0.5-1% of loan, one-off)
• Appraisal (tasación) — €400-600 one-off
• AJD stamp duty on mortgage deed — most banks now pay this under 2019 rules, but confirm
• Life insurance — often a soft requirement, €40-150/month
• Mortgage broker fees — typically €1,500-4,500 flat for non-resident brokers (see below)

For the full transaction cost including the property itself (ITP, notary, registry, legal), use the total transaction cost calculator.