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Calculate your mortgage payment using the French amortization system and discover how much buying really costs in the Madrid market.
Your Monthly Payment
€822
Estimate based on current rates in the Madrid Region. Not a substitute for professional tax advice.
Amortization follows the French system (constant installments; decreasing interest on outstanding capital).
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.