Use the following table to calculate the overall cost of buying
property in Spain with a mortgage loan (in this case from Bankinter). That includes
the price of the house, extra expenses, taxes and mortgage costs according to
the terms offered by Bankinter for non-residents or for foreign buyers with Spanish
residence permit. All estimations are in Euros. To
convert euros to pounds click here.
Property
Price | 167,000 | 200,000 | 233,000 | 267,000 | 300,000 | 333,000 | 367,000 | 400,000 | | Mortgage | 100,000 | 120,000 | 140,000 | 160,000 | 180,000 | 200,000 | 220,000 | 240,000 | | | | | | | | | | | Monthly
quota 1st year | 567.20 | 680.63 | 794.07 | 907.51 | 1,020.95 | 1,134.39 | 1,247.83 | 1,361.27 | | Quota
other years (estim.) | 576.94 | 692.33 | 807.72 | 923.11 | 1,038.49 | 1,153.88 | 1,269.27 | 1,384.66 | | | COSTS | | | | | | | | | | Notary
(purchase & mortgage) | 1,238.08 | 1,316.21 | 1,370.30 | 1,400.35 | 1,442.43 | 1,460.46 | 1,496.52 | 1,496.52 | | Register
(purchase & mortgage) | 528.90 | 601.02 | 619.05 | 655.11 | 673.14 | 685.16 | 727.23 | 727.23 | | Valuation | 237.80 | 237.80 | 237.80 | 255.20 | 255.20 | 255.20 | 278.40 | 278.40 | | Lawyers'
Fees | 360.60 | 360.60 | 360.60 | 360.60 | 360.60 | 360.60 | 360.60 | 360.60 | | Arrangement
Fee (1,00%) | 1,000.00 | 1,200.00 | 1,400.00 | 1,600.00 | 1,800.00 | 2,000.00 | 2,200.00 | 2,400.00 | | Commission
(study) | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | | | | | | | | | | | Total
Costs | 3,365.38 | 3,715.63 | 3,987.75 | 4,271.26 | 4,531.37 | 4,761.42 | 5,062.75 | 5,262.75 | | | TAXES | | | | | | | | | | Legal
Taxes (purchase & mortgage) | 3,050.00 | 3,656.00 | 4,262.00 | 4,878.00 | 5,484.00 | 6,090.00 | 6,706.00 | 7,312.00 | | VAT
(7%) | 11,690.00 | 14,000.00 | 16,310.00 | 18,690.00 | 21,000.00 | 23,310.00 | 25,690.00 | 28,000.00 | | | | | | | | | | | Total
Taxes | 14,740 | 17,656 | 20,572 | 23,568 | 26,484 | 29,400 | 32,396 | 35,312 |
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Overall cost of property purchase + mortgage 
