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FREQUENT QUESTIONS

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PREGUNTAS FRECUENTES / Find my best mortgage

mortgage calculator

PERGUNTAS FREQUENTES / Find my best mortgage

mortgage calculator

mortgage calculator

To establish how you are going to repay a mortgage loan , banks take into account several criteria: what job do you have, what is your contract, if you have a certain seniority, what is your salary, if you already had other debts, how old are you, what are your savings...


They take all of this into account to determine how much you are going to pay per month according to the years you have chosen for the mortgage, what your interest rate is going to be and how much you should have saved for the first payment. Many of them use a mortgage calculator to calculate your mortgage payment.



For example, for a person who wants a mortgage for a house of €200,000 and to pay in 25 years, they can determine that they must have at least €60,000 saved for the first payment and that they grant a fixed rate of 1.15 %, with which you would pay around €589 per month.


What does a mortgage simulator do?


There are several free mortgage simulators that will help you make this calculation more easily. Simply what they do is use cutting-edge technology, such as artificial intelligence, to automatically calculate which mortgage is the most interesting for you .


With just a few simple questions to find out what your circumstances are, the mortgage simulator compares this data with the information it has on dozens of types of loans at different banks and tells you which one is best for you.


We recommend you use this with which you will know the options you have with the main banks in Spain .

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Frequent questions

You can ask us any questions whenever you need it




Is a mortgage with fixed or variable interest right for me?

When a mortgage is granted, you are committing to repay the money that the bank has lent you to buy your house along with interest over several years . Those interests that you are going to pay within the monthly installment can be fixed, that is, you will always pay the same percentage of the purchase price of the home, or variable and that change from time to time depending on the Euribor normally. Depending on your circumstances and the risk you want to assume , you should choose one type of mortgage or another.

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What banks give mortgages for 100% of the value of the home?

There are several banks that can grant 100% of the price of the house or even more to cover other expenses of the purchase. The percentage of credit that they grant you will depend on how likely it is that you can return that money in the corresponding years, according to the entity.

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Which bank gives the best mortgage?

The best mortgage is the one in which the bank can finance you as much as possible of the price of the house to be returned in the longest possible time frame and with the minimum interest , whether it is a fixed rate or a variable rate.

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