Active Mortgage Simulator

Calculate your mortgage payment using the French amortization system and discover how much buying really costs in the Madrid market.

Conditions

Property type

Property price (€)

Down payment (%)€50,000

Nominal Interest Rate (NIR %)

Defaults to the Bank of Spain average rate (3.1% in August 2026). Replace it with the one your bank offers you.

Term (Years)

Apply reduced ITP (4%)Available for buyers under 35 purchasing a property ≤ €250,000, large families, people with disabilities, victims of gender-based violence, and other cases. Check the Madrid Region rules before confirming.

Your Monthly Payment

€854

Tax Costs (Madrid)

Transfer Tax ITP (6%)€15,000

Notary & Registry€1,200

Appraisal & Management€700

Total cash needed€66,900

Estimate based on current rates in the Madrid Region. Not a substitute for professional tax advice.

Operation breakdown

Down payment€50,000

Taxes & fees€16,900

Mortgage payments€307,452

30 years × €854/mo· interest: €107,452

Total paid out€374,352

Amortization follows the French system (constant installments; decreasing interest on outstanding capital).

Break-even point: buy vs rent

Comparable rent (€/mo)

Monthly rent of a similar property in your area. If left blank, it is estimated from a 4.5% gross annual yield on the purchase price.

With your inputs, buying accumulates less cost than renting from year 5.

Assumptions: annual maintenance and property taxes of 0.9% of the price; rent increase of 2%/year; no property appreciation or opportunity cost of the down-payment capital. The result is an estimate and does not constitute financial advice.