Buying a home in Spain: mortgage rates and costs
What a mortgage typically costs in Spain right now, how the central bank rate compares, and a worked monthly payment example you can adjust in our calculators.
Typical mortgage rate
2.8% – 3.5%
25-year mixed/fixed. Many Spanish mortgages are variable, indexed to 12-month Euribor.
As of 2025-11-28. Source
Example monthly payment in Spain
| Purchase price | €250,000 |
|---|---|
| Deposit (20%) | €50,000 |
| Loan amount | €200,000 |
| Interest rate | 3.15% · 25-year term |
| Estimated monthly payment | €964 |
Illustration only, using the midpoint of the typical rate range. It excludes taxes, insurance and fees. Adjust the figures in the mortgage calculator.