Mortgage & cost calculator

Estimate your purchase costs, monthly mortgage payment and the ongoing costs of owning on the Costa del Sol.

Purchase costs

Costs typically range from 12–14% of property value

Property price

€

IVA / VAT (10%)

Value Added Tax on new-build properties in Spain. Resale properties pay a lower transfer tax instead.

50.000 €

Stamp Duty (1.2%)

AJD (Actos Jurídicos Documentados) - a tax on notarised documents. Rate varies slightly by region.

6.000 €

Notary & Registry

Notary fees for signing the deed (about €600–1,500) plus Land Registry fees to register it in your name (about €400–800). Combined, usually under €2,000 for a standard apartment.

1.700 €

Legal Fees (1%)

Independent lawyer fees for due diligence, contract review, and managing the purchase on your behalf.

5.000 €

Total to buy

Price + taxes & fees

562.700 €

Mortgage calculator

Estimate a monthly payment. Skip if you're paying cash.

1.752 € / month at 3.5%

Down payment

€

Loan term

yrs

Interest rate

Total cash needed212.700 €

Other costs to budget for

Tap any item for what it covers.

One-time

Furnishing & extras

Furniture, light fittings, curtains and terrace sun shades. Varies a lot with taste and the size of the home.

Varies

Currency exchange

If you pay from a non-euro account (GBP, USD and so on), budget for the exchange spread. A currency specialist usually beats the bank's rate.

Non-euro buyers

Mortgage set-up

If you take a Spanish mortgage: a property valuation (about €300–600) plus the bank's arrangement fee. Since 2018 the mortgage stamp duty is paid by the bank, not you.

If financing

NIE number

Your Spanish foreigner's tax number, required to buy. Your lawyer arranges it; only a small admin cost.

Via your lawyer

Utility connections

Connecting or registering electricity and water in your name, common on new-builds.

One-off

Proof of funds (AML)

Anti-money-laundering rules: the bank and notary will ask for documents showing where your money came from. No cost, just paperwork to prepare in advance.

Paperwork

Ongoing

Community fees

Shared upkeep of pools, gardens, lifts and security, set by the owners' community. Higher where there are more amenities.

Monthly · varies

Property tax (IBI)

Annual council tax, set by the town hall as a percentage of the cadastral (rateable) value, which is usually 30–50% below the market price.

0.4–1.1% / year

Rubbish collection (basura)

Municipal rubbish collection fee, billed by the town hall.

≈ €100–300 / year

Home insurance

Buildings and contents cover. Required if you have a mortgage, recommended otherwise.

varies

Non-resident income tax

If you don't rent the home out, non-residents still pay a small yearly imputed-income tax based on the cadastral value.

If not rented

Utilities

Electricity, water and internet. Depends on the size of the home and how much you use it.

varies

Property management

If you're abroad, a manager can hold keys and handle maintenance or rentals. Entirely optional.

Optional

Wealth tax

Most buyers never pay this. It only applies to large Spanish asset holdings (roughly €3M and above) and varies by region.

Rarely applies

Figures are indicative only. We work with professional lawyers and mortgage brokers who can give you exact numbers.

Spanish terms, in plain English

The words you'll keep seeing, explained

NIEYour Spanish ID and tax number. You need one to buy or pay tax here.

IVAVAT on a brand-new home: 10% of the purchase price.

AJDStamp duty on the signed title deed (a small percentage of the price).

IBIThe annual council tax on the property, paid to the town hall.

Seguro DecenalMandatory 10-year insurance covering structural defects in the building.