Property in Spain | Overall cost of your Spanish property purchase and mortgage

Overall cost of your Spanish property purchase and mortgage

Section for people wanting to buy, sell or rent property in Spain.

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
Mortgage  100,000 120,000
Monthly quota 1st year 567.20 680.63
Quota other years (estim.) 576.94 692.33
COSTS
Notary (purchase & mortgage) 1,238.08 1,316.21
Register (purchase & mortgage) 528.90 601.02
Valuation 237.80 237.80
Lawyers' Fees 360.60 360.60
Arrangement Fee (1,00%) 1,000.00 1,200.00
Commission (study) 0,00 0,00
Total Costs 3,365.38 3,715.63
TAXES
Legal Taxes (purchase & mortgage) 3,050.00 3,656.00
VAT (7%) 11,690.00 14,000.00
Total Taxes 14,740 17,656
Property Price 233,000 267,000
Mortgage  100,000 120,000
Monthly quota 1st year 567.20 680.63
Quota other years (estim.) 576.94 692.33
COSTS
Notary (purchase & mortgage) 1,370.30 1,400.35
Register (purchase & mortgage) 619.05 655.11
Valuation 237.80 255.20
Lawyers' Fees 360.60 360.60
Arrangement Fee (1,00%) 1,400.00 1,600.00
Commission (study) 0,00 0,00
Total Costs 3,987.75 4,271.26
TAXES
Legal Taxes (purchase & mortgage) 4,262.00 4,878.00
VAT (7%) 16,310.00 18,690.00
Total Taxes 20,572 23,568
Property Price 300,000 333,000
Mortgage  180,000 200,000
Monthly quota 1st year 1,020.95 1,134.39
Quota other years (estim.) 1,038.49 1,153.88
COSTS
Notary (purchase & mortgage) 1,442.43 1,460.46
Register (purchase & mortgage) 673.14 685.16
Valuation 255.20 255.20
Lawyers' Fees 360.60 360.60
Arrangement Fee (1,00%) 1,800.00 2,000.00
Commission (study) 0,00 0,00
Total Costs 4,531.37 4,761.42
TAXES
Legal Taxes (purchase & mortgage) 5,484.00 6,090.00
VAT (7%) 21,000.00 23,310.00
Total Taxes 26,484 29,400
Property Price 367,000 400,000
Mortgage  220,000 240,000
Monthly quota 1st year 1,247.83 1,361.27
Quota other years (estim.) 1,269.27 1,384.66
COSTS
Notary (purchase & mortgage) 1,496.52 1,496.52
Register (purchase & mortgage) 727.23 727.23
Valuation 278.40 278.40
Lawyers' Fees 360.60 360.60
Arrangement Fee (1,00%) 2,200.00 2,400.00
Commission (study) 0,00 0,00
Total Costs 5,062.75 5,262.75
TAXES
Legal Taxes (purchase & mortgage) 6,706.00 7,312.00
VAT (7%) 25,690.00 28,000.00
Total Taxes 32,396 35,312


Other useful links
Latest news on the property market in Spain Selection of news articles related to the real estate market here.
Mortgages in Spain, a brief introduction to the Spanish mortgage market, how it works and interest rates in Spain
Spanish banks, before applying for a mortgage, find out more about Spain's most popular banks and Spanish savings banks.
Property taxes in Spain, description of taxes involved in purchasing property and yearly property taxes in Spain.
Useful Spanish vocab for buying a house - you should learn at least the basic terms. Check out our pronunciation guide too.
Renting property in Spain - if you want to buy to rent, then read this section and our free notice board of property to rent in Spain.
Spanish lawyers - information on lawyers fees in Spain for property transactions
Houses for sale in Spain - take a look at the kind of houses available. Or check out our free Spain property for sale board.
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