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Spain Mortgage Calculator for Non-Residents

How much can you actually afford to buy in Spain as a non-resident? This calculator uses the conditions Spanish banks publish: 70% LTV, the highest published for non-residents, regional ITP/VAT, notary, registry and other costs. Median fixed mortgage rate today: 3.95% for residents; published fixed rate for non-residents: 3.80% (CaixaBank).

By Alejandra Ruiz

max LTV

70%

DTI limit

35%

regions

17

How much can I afford?

Adjust your income, savings, age and target Spanish region. The calculator updates instantly.

1

Your income

€/mo
€/mo
€/mo
→ max term 27 years

What banks usually set: age 75 when the last payment is made and a 30-year maximum term (each bank sets its own).

2

Your purchase in Spain

€

Affects ITP (transfer tax). Most non-residents buy in Andalusia, Valencia, Balearics or Canaries.

Calculation uses 70% LTV (the highest published for non-residents) and 3.80% TIN (fixed rate published for non-residents). Purchase costs: your region's taxes and fees with no main-home relief, and never less than 12% of the price (12-15%: 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).

You can buy a Spanish property of up to

€357,143

Limited by your savings
Free mortgage assessment

Limit by income

€455,434

Limit by savings

€357,143

Limiting factor

Max mortgage

€250,000

27y · TIN 3.8%

Monthly payment

€1,235/mo

Max allowed: €1,575/mo

Deposit + costs

€150,000

+€0 surplus

Debt-to-income (DTI)

20%32%45%
27.4%

Comfortable

Comfortable: within what banks usually ask for.

Upfront cost breakdown

Deposit (30%)€107,143
ITP (transfer tax)€25,000
Notary€684
Land registry€268
Agency fees€300
Valuation€350
Other non-resident costs€16,255

Upfront cost detail

Deposit (30% of price)€107,143
ITP (transfer tax) (7%)€25,000
Notary€684
Land registry€268
Agency fees€300
Valuation (hipotecas.me estimate)€350
Other non-resident costs (NIE, translations, lawyer…), up to the 12% minimum€16,255
Total cash needed€150,000

What if you save more?

€0
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The property

€
The property is

Your money

€

0 if none

€

What you receive each month, after tax

€

Car, loans, cards (0 if none)

What you'll borrow

Enter the price, the province and your savings to see how much you'd need to borrow.

You

How long have you been in your current job? (or self-employed)

Free, no sign-up and instant. Your figures are only stored in your browser.

How the calculator works

1. Income capacity

We apply a 35% DTI ceiling: according to the Bank of Spain's Banking Customer Portal, lenders estimate that your monthly mortgage payment plus existing debts should stay within 30-35% of your net income. Some banks go up to 40% with a strong profile; the instant assessment below shows that band as tight. We compute the maximum monthly payment you can afford, then back-calculate the maximum loan principal at the current rate, then divide by the LTV (70%, the highest published for non-residents) to get the maximum property price by income.

2. Savings capacity

Your deposit must cover the difference (price − loan = 30%) plus the purchase costs a resident also pays: ITP or VAT (depends on resale or new build), notary, land registry, agency fees (gestoria) and valuation. A lawyer, sworn translations and the NIE come on top: a non-resident's costs usually reach 12-15% of the 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), so the calculator never counts less than 12% (the same rule as our instant assessment) and shows the difference as "other non-resident costs". We iterate to find the maximum price that fits within your savings.

3. The lower wins

Your real ceiling is the lower of the two. Because the deposit is 30% (vs 20% for residents), a non-resident can be limited by savings (deposit + costs) before income. Use the "What if you save more?" slider to see how additional savings unlock higher property prices.

4. Region matters

General ITP rates vary 4-10% by Spanish region (up to 13% in the top brackets of some regions). Madrid 6%, Andalusia 7%, Balearics 8-13%, Valencia 9-11%, Catalonia 10-13%. Canary Islands use IGIC 7% on new builds (vs 10% VAT mainland). Pick your target region in the calculator to get accurate cost estimates.

Related guides

Non-resident mortgage requirements in Spain

Documentation, income proof, NIE, translations and apostilles.

Financing percentage explained (LTV)

How banks decide whether to lend you 60% or 70% as a non-resident.

Property purchase taxes & costs in Spain

Full breakdown of ITP/VAT, notary, registry and other fees by region.

How long does it take to get a mortgage in Spain?

Realistic timeline for non-residents from application to notary signing.

View all 34 Spanish mortgage guides for non-residents

Frequently asked questions

How much will a Spanish bank lend a non-resident?

Up to 70% of the lower of the property price or appraisal (LTV) — the maximum Spanish banks publish for non-residents (60% at some banks, or with income in another currency: Banca March lends 60% instead of 70% if you earn in pounds, dollars or any non-euro currency). Residents in Spain usually get 80%.

What deposit do I need to buy property in Spain as a non-resident?

Plan for 30-40% of the property price as deposit, plus 12-15% in purchase costs: 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. For a €300,000 property: €90,000-€120,000 deposit + €36,000-€45,000 in costs = €126,000-€165,000 in total cash.

Are mortgage rates higher for non-residents in Spain?

It depends on the bank. Only CaixaBank publishes its rates for non-residents; the other banks that lend to non-residents quote case by case, so compare the offer with the bank's resident rate. Banks may also require bundled products (life insurance, home insurance, account in the bank) to access their lowest rate.

Which region of Spain has the lowest taxes for property buyers?

ITP (transfer tax for resale property) has general rates from 4% (País Vasco) to 10%, and up to 13% in the top brackets of some regions. On new builds the Canary Islands apply IGIC at 7% instead of the 10% VAT of the mainland. For reference: Andalusia 7%, Balearic Islands 8-13%, Valencia 9-11%, Murcia 7.75%.

How accurate is this calculator?

It uses a 35% debt-to-income (DTI) ratio (according to the Bank of Spain, lenders estimate 30-35%), current ITP rates per region, official notary and registry fee schedules, and the fixed rate that the banks in our comparison publish for non-residents (40 banks publish rates). For a personalised analysis with specific bank offers, request a free assessment.

Do I need to be in Spain to apply for a mortgage?

Not for the application: documents can usually be sent remotely. You will need to be in Spain (or grant a power of attorney) to appear before the notary for the transparency check required by Law 5/2019 (art. 15) and to sign the deeds. The FEIN reaches you at least 10 calendar days before signing (art. 14).

Sources: legislation and fee scales

About this content

Alejandra Ruiz
Alejandra Ruiz

Mortgage Analyst

Published: May 2026

Last updated: October 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.

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