Buying in Spain and need a clear view of what you’ll really pay—and how much cash you must bring? Our LITE Mortgage Calculator (Elementor-compatible) estimates your monthly payment, APR (TAE), total interest and total loan cost, and also computes your maximum loan by LTV (80% residents · 70% non-residents, editable), purchase taxes and the own funds you’ll need. It ships with Valencian Community presets you can edit for any other region.
Methodology: French method (constant installment). Clear math, no fine print.
How to use it (quick guide)
Purchase & LTV
Enter Purchase price and Appraised value.
Choose LTV base: Appraisal or Lower of (price, appraisal) (most banks use the lower-of rule).
Select Residency (Resident 80% · Non-resident 70% · Custom) and adjust the LTV % if needed.
Region & taxes
Region (presets): Valencian Community (default) or Other region (manual).
Property type: Resale (transfer tax) or New build (VAT + stamp duty).
The field “Taxes + purchase costs (%)” autofills (Valencian: ~12% resale, ~11.5% new build) and is editable.
Loan & financial conditions
Enter the Requested loan amount (the tool caps it at the LTV maximum if necessary).
Set Term (years) and Interest type: Fixed (annual nominal) or Variable (Euribor + spread).
Add Opening fee (%, minimum €), Upfront fixed costs, and Monthly product costs (insurance, account).
If your bank offers bonuses, input the total discount (pp) on the nominal rate (e.g., 0.60).
Calculate
You’ll get monthly payment (loan installment + product costs), APR (TAE) estimate, total interest, total cost, LTV maximum, applied LTV, taxes and own funds.
Toggle the first-year amortization schedule if you’d like to see the breakdown.
Results you’ll see
Monthly payment (total)
APR (TAE) estimate via monthly IRR of real cash flows
Total interest and total loan cost
LTV base value, applied LTV, max loan allowed, loan used
Purchase taxes/costs (preset or edited)
Own funds required (price + taxes − loan used)
Pro tip: run without bonuses and with bonuses. A lower nominal rate may not be cheaper if the productsadd significant recurring costs.
Fixed vs Variable (realistic take)
Fixed: you buy stability.
Variable: linked to Euribor. This version lets you manually set Euribor; it doesn’t simulate periodic revisions automatically.
Mortgage Calculator (Spain) – LITE (French method)
Monthly payment, APR (TAE) estimate, total interest and total cost. Includes opening fee, upfront costs and own funds estimation based on LTV by residency. Valencian Community presets with editable taxes.
Purchase data & LTV policy
Financial parameters
Financial results
Estimated monthly payment
APR (TAE) estimate
Total interest
Total loan cost
Own funds & LTV
LTV base value
Applied LTV
Max loan allowed
Loan used
Estimated taxes
Estimated own funds
Who benefits the most
We think this calculator is very useful if you want to know what you are going to pay of mortgage in Spain and gives you tools and knowledge to negotiate with the bank.
And besides, it’s free
Residents and non-residents buying in Orihuela Costa (Alicante) and the province.
International buyers (we serve clients in Spanish, English, and French).
Self-employed and companies comparing offers with solid financial and tax criteria.
FAQs
What is LTV?
Loan-to-Value (LTV) is the loan amount divided by the reference value (appraisal or the lower of price and appraisal, per bank policy), expressed as a percentage.
How much will the bank lend?
Typically up to 80% for residents and up to 70% for non-residents. You can set a custom %.
Are purchase taxes included?
Yes. The calculator has Valencian presets (resale ~12%; new build ~11.5%). You can edit the percentage for any other region.
Which payment method is used?
The French method (constant installment). APR is approximated via monthly IRR including fees and product costs.
Is this a binding offer?
No. It’s an informative simulation. Final terms depend on the bank’s risk assessment and current policies.
Need a tailored mortgage study?
In Orihuela Costa Counselling we recommend the expert in mortgage credit and loans Karine of the company Viva Home Credit
It will prepare a comparative report (several entities), optimising APR and total cost with or without bonuses, and we coordinate the taxation of the operation (residents and non-residents).
Warning
Asesoria Orihuela Costa is not a financial advice agency, but yes, we provide you with this tool that we have is very complete to calculate and compare the mortgages of your house.
The tax presets are indicative. Always check with current regulations and the offer of the bank/notary.
This tool is only informative. Check the figures with your entity before hiring.