How is the monthly mortgage payment calculated?

The monthly payment is calculated using the French amortisation system: C = P × [r(1+r)^n] / [(1+r)^n − 1], where P is the principal, r is the monthly rate (annual/12) and n is the number of instalments. At first, most of each payment is interest; towards the end, mostly principal. This calculator applies exactly this formula.

What is the Euribor and how does it affect my mortgage?

The Euribor (Euro Interbank Offered Rate) is the rate at which European banks lend to each other. It is the reference index for variable-rate mortgages in Spain. Your rate = Euribor + spread agreed with your bank. Reviews are normally annual: if the Euribor rises, your payment increases at the next review.

Is it better to take a fixed or variable mortgage in 2026?

It depends on your profile. A fixed mortgage offers full certainty: the payment never changes. A variable mortgage may be cheaper if the Euribor falls, but involves uncertainty. In 2026, with the Euribor at moderate levels, many experts recommend fixed mortgages for long terms and for borrowers who value financial stability over initial savings.

What is a mortgage amortisation schedule?

An amortisation schedule shows, month by month, how much of each payment covers interest and how much reduces the outstanding principal. At first, most of the payment is interest; over time the balance shifts. This calculator generates the complete schedule from the first to the last month of the mortgage.

How many years should I take out a mortgage for?

A longer term means lower monthly payments but more total interest. A 30-year mortgage has a lower monthly payment than a 20-year one, but the total interest cost can be double. The ideal term is the shortest you can comfortably afford without the payment exceeding 30–35% of net income. Spanish banks typically lend until the borrower reaches age 75–80.

What share of income should go towards a mortgage?

The Banco de España recommends that the monthly mortgage payment should not exceed 30–35% of the household's net monthly income. If you have other loans (car, consumer credit, etc.), the total of all debt payments should not exceed 40% of income. Banks in Spain apply this same criterion when assessing applications.

What additional costs does a mortgage involve?

Beyond the monthly payment: valuation (€300–600), notary and land registry fees, transfer tax (ITP) for second-hand properties (6–10% depending on the autonomous community) or 10% VAT for new builds. Since 2019, arrangement fees and administration costs are paid by the bank. Home insurance is compulsory; life insurance is standard.

Calculadora de Hipoteca 2026 (España)

€

€

País	Moneda	Índice variable	Tipo fijo típico	Plazo típico
🇫🇷 Francia	€ (EUR)	Euríbor	3,5 %	20 años
🇩🇪 Alemania	€ (EUR)	Euríbor	3,5 %	25 años
🇬🇧 Reino Unido	£ (GBP)	Tipo Base del Banco de Inglaterra	4,5 %	25 años
🇨🇭 Suiza	Fr. (CHF)	Tipo de referencia SNB/SARON	1,8 %	20 años
🇺🇸 Estados Unidos	$ (USD)	Prime Rate	6,5 %	30 años
🇨🇦 Canadá	CA$ (CAD)	Tipo directriz del Banco de Canadá	4,5 %	25 años
🇦🇺 Australia	A$ (AUD)	Tipo de Referencia del RBA	5,5 %	25 años
🇳🇿 Nueva Zelanda	NZ$ (NZD)	OCR del RBNZ	5,5 %	25 años
🇯🇵 Japón	¥ (JPY)	Tipo básico del Banco de Japón	1,5 %	35 años
🇨🇳 China	¥ (CNY)	LPR	4,0 %	25 años
🇮🇳 India	₹ (INR)	Tipo Repo del RBI	8,5 %	20 años
🇧🇷 Brasil	R$ (BRL)	SELIC	11,5 %	25 años
🇲🇽 México	$ (MXN)	TIIE	11,0 %	20 años
🇹🇷 Turquía	₺ (TRY)	Tipo del Banco Central de Turquía	35,0 %	15 años
🇿🇦 Sudáfrica	R (ZAR)	Tipo Repo del SARB	11,0 %	20 años
🇸🇬 Singapur	S$ (SGD)	tipo de referencia del banco central	3,0 %	30 años

How is a mortgage calculated in other countries?

The French amortisation system (constant monthly payment) is universal, but each market has its own characteristics: the reference rate for variable mortgages, the typical fixed rate, the maximum loan term and the local currency all vary significantly. In high-inflation countries like Turkey or Argentina, rates exceed 30%; in Japan or Switzerland, they are below 2%.

Country	Currency	Variable index	Typical fixed rate	Typical term
🇫🇷 France	€ (EUR)	Euribor	3.5 %	20 years
🇩🇪 Germany	€ (EUR)	Euribor	3.5 %	25 years
🇬🇧 United Kingdom	£ (GBP)	Bank of England Base Rate	4.5 %	25 years
🇨🇭 Switzerland	Fr. (CHF)	SNB Policy Rate / SARON	1.8 %	20 years
🇺🇸 United States	$ (USD)	Prime Rate / Fed Funds Rate	6.5 %	30 years
🇨🇦 Canada	CA$ (CAD)	Bank of Canada Policy Rate	4.5 %	25 years
🇦🇺 Australia	A$ (AUD)	RBA Cash Rate	5.5 %	25 years
🇳🇿 New Zealand	NZ$ (NZD)	RBNZ Official Cash Rate	5.5 %	25 years
🇯🇵 Japan	¥ (JPY)	Bank of Japan Policy Rate	1.5 %	35 years
🇨🇳 China	¥ (CNY)	LPR	4.0 %	25 years
🇮🇳 India	₹ (INR)	RBI Repo Rate	8.5 %	20 years
🇧🇷 Brazil	R$ (BRL)	SELIC Rate	11.5 %	25 years
🇲🇽 Mexico	$ (MXN)	TIIE	11.0 %	20 years
🇹🇷 Turkey	₺ (TRY)	CBRT Policy Rate	35.0 %	15 years
🇿🇦 South Africa	R (ZAR)	SARB Repo Rate	11.0 %	20 years
🇸🇬 Singapore	S$ (SGD)	central bank reference rate	3.0 %	30 years

Mortgage calculators by country

Select your country to calculate the monthly payment with each market's default values:

North America

🇺🇸 United States 🇨🇦 Canada 🇲🇽 Mexico

Central America

🇧🇿 Belize 🇬🇹 Guatemala 🇭🇳 Honduras 🇸🇻 El Salvador 🇳🇮 Nicaragua 🇨🇷 Costa Rica 🇵🇦 Panama

South America

🇨🇴 Colombia 🇻🇪 Venezuela 🇬🇾 Guyana 🇸🇷 Suriname 🇪🇨 Ecuador 🇵🇪 Peru 🇧🇷 Brazil 🇧🇴 Bolivia 🇵🇾 Paraguay 🇨🇱 Chile 🇦🇷 Argentina 🇺🇾 Uruguay

Caribbean

🇦🇬 Antigua and Barbuda 🇧🇸 Bahamas 🇧🇧 Barbados 🇨🇺 Cuba 🇩🇲 Dominica 🇬🇩 Grenada 🇭🇹 Haiti 🇯🇲 Jamaica 🇩🇴 Dominican Republic 🇰🇳 Saint Kitts and Nevis 🇱🇨 Saint Lucia 🇻🇨 Saint Vincent and the Grenadines 🇹🇹 Trinidad and Tobago

Western Europe

🇪🇸 Spain 🇬🇧 United Kingdom 🇮🇪 Ireland 🇫🇷 France 🇩🇪 Germany 🇳🇱 Netherlands 🇧🇪 Belgium 🇱🇺 Luxembourg 🇨🇭 Switzerland 🇱🇮 Liechtenstein 🇦🇹 Austria 🇲🇨 Monaco 🇦🇩 Andorra 🇵🇹 Portugal

Northern Europe

🇸🇪 Sweden 🇳🇴 Norway 🇩🇰 Denmark 🇫🇮 Finland 🇮🇸 Iceland 🇪🇪 Estonia 🇱🇻 Latvia 🇱🇹 Lithuania

Southern Europe / Balkans

🇮🇹 Italy 🇬🇷 Greece 🇨🇾 Cyprus 🇲🇹 Malta 🇸🇲 San Marino 🇭🇷 Croatia 🇸🇮 Slovenia 🇷🇸 Serbia 🇧🇦 Bosnia and Herzegovina 🇲🇪 Montenegro 🇦🇱 Albania 🇲🇰 North Macedonia

Eastern Europe

🇵🇱 Poland 🇨🇿 Czech Republic 🇸🇰 Slovakia 🇭🇺 Hungary 🇷🇴 Romania 🇧🇬 Bulgaria 🇧🇾 Belarus 🇲🇩 Moldova 🇷🇺 Russia 🇺🇦 Ukraine

Central Asia & Caucasus

🇹🇷 Turkey 🇦🇿 Azerbaijan 🇬🇪 Georgia 🇦🇲 Armenia 🇰🇿 Kazakhstan 🇰🇬 Kyrgyzstan 🇺🇿 Uzbekistan 🇹🇯 Tajikistan 🇹🇲 Turkmenistan

East Asia

🇨🇳 China 🇯🇵 Japan 🇰🇷 South Korea 🇲🇳 Mongolia 🇹🇼 Taiwan

South Asia

🇮🇳 India 🇵🇰 Pakistan 🇧🇩 Bangladesh 🇱🇰 Sri Lanka 🇳🇵 Nepal 🇲🇻 Maldives 🇧🇹 Bhutan 🇦🇫 Afghanistan

Southeast Asia

🇸🇬 Singapore 🇲🇾 Malaysia 🇹🇭 Thailand 🇵🇭 Philippines 🇮🇩 Indonesia 🇻🇳 Vietnam 🇰🇭 Cambodia 🇲🇲 Myanmar (Burma) 🇱🇦 Laos 🇧🇳 Brunei 🇹🇱 Timor-Leste

Middle East

🇸🇦 Saudi Arabia 🇧🇭 Bahrain 🇦🇪 United Arab Emirates 🇰🇼 Kuwait 🇴🇲 Oman 🇶🇦 Qatar 🇮🇱 Israel 🇯🇴 Jordan 🇮🇶 Iraq 🇮🇷 Iran 🇱🇧 Lebanon 🇵🇸 Palestine 🇸🇾 Syria 🇾🇪 Yemen

North Africa

🇲🇦 Morocco 🇩🇿 Algeria 🇹🇳 Tunisia 🇪🇬 Egypt 🇱🇾 Libya 🇸🇩 Sudan 🇲🇷 Mauritania

West Africa

🇳🇬 Nigeria 🇬🇭 Ghana 🇸🇳 Senegal 🇨🇮 Ivory Coast 🇲🇱 Mali 🇧🇫 Burkina Faso 🇹🇬 Togo 🇧🇯 Benin 🇳🇪 Niger 🇬🇳 Guinea 🇨🇻 Cape Verde 🇬🇲 Gambia 🇸🇱 Sierra Leone 🇱🇷 Liberia 🇬🇼 Guinea-Bissau

Central Africa

🇨🇲 Cameroon 🇬🇦 Gabon 🇦🇴 Angola 🇨🇬 Republic of the Congo 🇨🇩 DR Congo 🇬🇶 Equatorial Guinea 🇨🇫 Central African Republic 🇹🇩 Chad 🇸🇹 São Tomé and Príncipe

East Africa

🇰🇪 Kenya 🇹🇿 Tanzania 🇺🇬 Uganda 🇪🇹 Ethiopia 🇷🇼 Rwanda 🇲🇺 Mauritius 🇲🇬 Madagascar 🇲🇼 Malawi 🇸🇨 Seychelles 🇧🇮 Burundi 🇰🇲 Comoros 🇩🇯 Djibouti 🇪🇷 Eritrea 🇸🇴 Somalia 🇸🇸 South Sudan

Southern Africa

🇿🇦 South Africa 🇳🇦 Namibia 🇿🇲 Zambia 🇲🇿 Mozambique 🇿🇼 Zimbabwe 🇧🇼 Botswana 🇱🇸 Lesotho 🇸🇿 Eswatini (Swaziland)

Oceania

🇦🇺 Australia 🇳🇿 New Zealand 🇵🇬 Papua New Guinea 🇫🇯 Fiji 🇸🇧 Solomon Islands 🇼🇸 Samoa 🇹🇴 Tonga 🇻🇺 Vanuatu 🇰🇮 Kiribati 🇫🇲 Micronesia 🇳🇷 Nauru 🇲🇭 Marshall Islands 🇵🇼 Palau 🇹🇻 Tuvalu

Otras herramientas

← Todas las herramientas Calculadora Sueldo Neto Calculadora Impresión 3D Comparador Tarifas Eléctricas

Calculadora de Hipoteca 2026 (España)

¿Cómo se calcula la hipoteca en otros países?

Calculadoras de hipoteca por país

How is a mortgage calculated in other countries?

Mortgage calculators by country

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Euribor والفائدة المتغيرة في 2026

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