What are the best Spanish mortgage calculators for non-residents?

If you prefer the convenience of using your laptop or mobile to find out how much you can borrow and what repayment terms you might access—without contacting the bank directly—a Spanish mortgage calculator could be the perfect solution.

But which one is best for non-residents?

Homevest offers a mortgage calculator that provides accurate estimates to help you understand your buying power in Spain. Whether you’re applying alone or with a co-applicant, it shows your maximum and minimum affordability based on your profile.

Read on for more details. 

Quick comparison of the best Spanish mortgage calculators for non-residents

There are plenty of Spanish mortgage calculators available online; some are advanced, while others provide basic information. 

Remember, however, that all these calculators provide approximate figures.

Here's an at-a-glance comparison of your options, and we'll cover them in detail later.

Fluent Finance Abroad

Fluent Finance Abroad, a key name in the Spanish mortgage market, provides a simple mortgage calculator for residents and non-residents. 

While the tool is accessible and easy to navigate, it lacks specialized features tailored to the distinct needs of each user group.

Pros

• FFA provides guidance on potential borrowing limits for Spanish mortgages, along with practical advice on the dos and don'ts of property acquisition
• they have multiple accreditations, including from the British Chamber of Commerce in Spain and Banco de España

Cons

• one limitation of their mortgage calculator is that it does not accommodate various mortgage types, such as fixed-rate and variable-rate options, which might restrict you in evaluating your choices 

Homevest 

Homevest is a digital service that simplifies the mortgage process for non-residents by providing accurate budget estimations and connecting customers with dedicated brokers to guide them every step of the way.

The Homevest Spanish mortgage calculator is quick and easy to use, leveraging interest rates and debt capacity to deliver reliable results. It is designed based on financial products available to non-residents in the Spanish market.

Pros

• Provides an overview of your ability to meet financial obligations and repay liabilities
• Allows you to calculate your maximum and minimum affordability, including with a co-applicant
• Offers a complete simulation for a full understanding of your buying power in Spain, including closing costs you’ll need to cover

Cons

• Does not provide a breakdown of monthly payments

Simon Conn

Simon Conn is a mortgage broker offering a calculator for international buyers with income in USD, GPB, or EUR. 

The Spanish mortgage calculator he offers lets you choose from three payment frequency options, providing an overview of your repayment schedule over time. 

However, one limitation is that it doesn’t provide a detailed breakdown for the full repayment period you might prefer. 

Pros

• offers guidance and explains considerations for purchasing property in Spain from abroad

Cons

• the calculations are not converted into the selected currency, which could affect clarity

Foxes

Foxes, with their team of property, finance, and legal experts, focus on helping international buyers in Spain. 

They offer different Spanish mortgage calculators that help estimate your payments, eligibility, and the ideal property purchase price.

Pros

• through their approach, they aim to provide you with a broader perspective on your financing in Spain, trying to educate you throughout this process
• they provide a calculator to help you understand your debt-to-income ratio

Cons

• they do not offer a detailed monthly payment breakdown or calculators tailored to the specific mortgage types available to non-residents

IMS Mortgages

IMS Mortgages, specializing in services for non-residents, offers a Spanish mortgage calculator designed to give you a basic estimate of your monthly payments.

Although the tool is easy to use, it lacks specialized features for those looking to purchase property in Spain.

Pros

• quickly and easily obtain a rough monthly payment estimate

Cons

• the calculator doesn't offer detailed estimates to help you understand your mortgage qualification
• submitting your details for a Spanish mortgage quote can be difficult

Lionsgate Capital

Lionsgate Capital, a mortgage broker focused on assisting wealthy individuals in purchasing properties in the Balearic Islands, offers a user-friendly Spanish mortgage calculator. 

Unlike other calculators, it includes the 12% taxes and provides a comprehensive overview to help you understand the total amount needed.

Pro

• intuitive mortgage calculator with a brief explanation to understand how it works

Con

• although they mention fixed and variable mortgage rates, they don't offer features tailored to these preferences
• they have preset the property purchase at 1,200,000 EUR, suggesting they cater to high-net-worth individuals

Idealista

Best known for its real estate portal, Idealista also provides mortgage brokerage services in Spain. 

Their calculator offers a thorough understanding of the monthly payments and the taxes and expenses involved in purchasing a property. This approach is more detailed than Lionsgate Capital, which also emphasizes these factors.

Pros

• the Idealista mortgage calculator is customized for both fixed and variable mortgages
• they also consider the property’s location and type, factors that influence the mortgage amount you may qualify for from a Spanish bank

Con

• Idealista displays a maximum repayment period of 40 years, which is not accessible to non-residents purchasing property in Spain

Mortgage Direct

Mortgage Direct is a key name in the Spanish mortgage industry, offering calculators designed for the Spanish market. 

These tools help users understand their mortgage options and provide clear guidance for entering the required data.

Pros

• automatically updates with the Euribor rate every 24 hours and fills in the form with the current interest rate automatically
• allows for comparisons in multiple currencies, such as GBP, USD, and CAD

Cons

• Mortgage Direct does not provide a monthly payment breakdown or estimates for fixed or variable mortgages

Wrap up

The best Spanish mortgage calculator depends on your specific needs and the features you want to take advantage of.

While some banks offer calculators limited to their own products, this guide compares eight Spanish calculators to help you explore their features and customization options.

If you’re a non-resident looking for guidance with your mortgage in Spain, Homevest could be an excellent choice. It connects you with mortgage brokers who can help build your application and submit it to banks that best match your profile.

Methodology

Our analysis focused on the functionality and accessibility of each calculator. Users regard a highly-rated tool as intuitive and easy to use.

We also considered the specificity of each calculator and how easily it can be used on laptops and mobile devices. We selected calculators from Google's first page for easy user access. 

Frequently asked questions

1. How much can I borrow for a mortgage in Spain as a non-resident?

As a non-resident, how much you can borrow for a mortgage in Spain varies from case to case. Lenders typically offer between 45-70% of the property's value, depending on your financial situation, income, debts, and the property's type and location.

2. How much deposit do I need for a Spanish mortgage?

As a non-resident, you’ll need a 30% down payment, plus an additional 6.5%–12% to cover taxes, which are not included in the amount you borrow from the bank.

If you’re purchasing a property for holiday purposes, banks may require a higher deposit.

3. How long does it take to get a mortgage in Spain?

The mortgage process typically takes around two months, including a mandatory reflection period of 10–14 days, during which you can review the terms or withdraw without penalty.

Sources used and checked in January 2025:

1. Fluent Finance Abroad - Spanish mortgage calculator
2. Simon Conn - Spanish mortgage calculator
3. Foxes - Spanish mortgage calculators
4. IMS Mortgages - Spanish mortgage calculator
5. Lionsgate Capital - Spanish mortgage calculator
6. Idealista - Spanish mortgage calculator
7. Mortgage Direct - Spanish mortgage calculators

We recommend obtaining professional or specialist advice before taking or refraining from any action based on the content in this article. The information in this article does not constitute legal, tax, or other professional advice from Homevest Limited. Prior results do not guarantee a similar outcome. We make no representations, warranties, or guarantees, whether express or implied, that the content in this article is accurate, complete, or up to date.