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Mortgage calculator for non-residents buying in Spain
Standard mortgage calculators assume 80% financing — which does not apply to non-residents. This guide shows you how to calculate your real numbers using our tools, adjusted for the limits banks publish for non-residents (up to 60-70%), the rate each bank offers you, and the additional costs foreign buyers face.
Buying property in Spain as a non-resident?
We compare 40 Spanish banks for foreign buyers. Free assessment, all in English, response within 24 business hours. Bank of Spain reg. nº E569.
How to calculate your non-resident mortgage
Use our mortgage simulator with these non-resident-adjusted inputs:
- •Property price: Enter the full asking price
- •Savings/deposit: Enter at least 30-40% of the property price (your deposit) plus 12-15% for costs
- •Interest rate: Use the rate from a bank's written offer (FIPRE), or the current Euríbor plus the bank's differential for variable. Until you have one, try several rates to see how sensitive the payment is
- •Term: Use the term the bank offers you; those that publish one for non-residents allow 20 to 30 years
- •Type: Fixed is recommended for non-residents with non-euro income for payment certainty
Example calculations for common scenarios
Here are three scenarios for non-resident buyers at an illustrative fixed rate of 3.0% — replace it with your own offer:
| Scenario | Property | Deposit | Mortgage | Rate | Term | Monthly payment |
|---|---|---|---|---|---|---|
| Holiday apartment | €200,000 | €70,000 (35%) | €130,000 | 3.0% fixed | 20 years | €721 |
| Family villa | €400,000 | €140,000 (35%) | €260,000 | 3.0% fixed | 25 years | €1,233 |
| Investment flat | €150,000 | €60,000 (40%) | €90,000 | 3.0% fixed | 15 years | €622 |
Holiday apartment
€200,000
€70,000 (35%)
€130,000
3.0% fixed
20 years
€721
Family villa
€400,000
€140,000 (35%)
€260,000
3.0% fixed
25 years
€1,233
Investment flat
€150,000
€60,000 (40%)
€90,000
3.0% fixed
15 years
€622
Don't forget the total costYour monthly payment is just one part. Add annual property tax (IBI), community fees, insurance and maintenance: ask the seller for the latest receipts to know what that property costs to run.
The 35% rule: can you afford it?
There is no legal limit, but according to the Banco de España banks estimate that your total monthly debt payments (including the new mortgage plus any existing loans in your home country) should not exceed 30-35% of your net monthly income. Our calculators use the top of that range, 35%.
For example, if your household net income is €5,000/month, your maximum total debt payment is €1,750. If you already pay €500/month on a car loan, the maximum mortgage payment the bank will approve is €1,250.
Use our affordability calculator to check how much you can borrow. Remember to use the rate from a bank's offer to you, not a resident's headline rate.
Total cash you need: the real number
The question is not just 'Can I afford the monthly payment?' but 'Do I have enough cash upfront?' Here is the formula:
- •Deposit: 30-40% of property price (what the bank does not finance)
- •Taxes and fees: 12-15% of property price: a resident's purchase costs plus a lawyer, sworn translations and the NIE; it is the figure CaixaBank (HolaBank) publishes for its non-resident mortgage
- •Total cash needed: approximately 42-55% of the property price
Quick rule of thumbFor a €300,000 property, a non-resident needs €126,000-€165,000 in cash: a €90,000-€120,000 deposit plus €36,000-€45,000 in taxes and fees. The mortgage covers the remaining €180,000-€210,000.
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Frequently asked questions
Can I use rental income to qualify for a Spanish mortgage?
Generally no. Spanish banks base their affordability assessment on your current verified income (salary, pension, business income), not on projected rental income from the property you are buying. Some banks may consider existing rental income from other properties.
Does the currency of my income affect how much I can borrow?
Indirectly, yes. A bank may count only part of income earned in a currency other than the euro, and the more volatile the currency, the bigger the discount; there is no fixed or published percentage. This effectively reduces the amount you can borrow compared to someone with euro-denominated income.
Can I get a mortgage pre-approval before finding a property?
Yes, and it is highly recommended. A pre-approval gives you a clear budget, shows sellers you are a serious buyer, and speeds up the process once you find the right property. Each bank sets how long its pre-approval lasts: ask for the date in writing.
Useful tools
Mortgage Simulator
Calculate your monthly payment, borrowing capacity and early repayment
Open tool⚖️Mortgage Comparator
Compare offers by rate type, term, fees and conditions
Open tool🏠What home can I afford?
Maximum property price based on your income, savings and region
Open tool✅Will I get approved?
Quick test to estimate your mortgage approval probability
Open tool📊Mortgage Calculator 360
Payment, affordability, rate comparison and amortisation
Open tool🗺️Tax & Cost Simulator
Calculate taxes and costs by region (comunidad autónoma)
Open tool📈Euribor Today
Current Euribor rate, chart and impact on your mortgage
Open tool🔄Rate Review Calculator
Calculate your new payment at your next mortgage review
Open tool🏦Subrogation Calculator
Simulate 3 bank-switch scenarios: monthly savings, total savings and break-even
Open toolNeed guidance on your non-resident mortgage?
We analyse your profile and compare non-resident mortgage conditions across banks. No commitment.
Sources and references
About this content
Mortgage Content Editor
Published: September 2026
Last updated: September 2026
This page is informational and editorial in nature. It explains how the described mortgage conditions typically work and what to review, without guaranteeing results or replacing a lender’s assessment.