Quick calculation for a mortgage in Spain or Portugal

Want to know if a mortgage in Spain or Portugal is possible? With our free quick check, Pedro gives you live feedback on your chances with Spanish or Portuguese banks. Is the answer positive? Then you can make your mortgage opportunities and monthly costs fully calculate via our mortgage indicator.

Key requirement: Debt to Income Ratio

A mortgage application only makes sense if your DTI score (Debt to Income ratio) provides enough room. Indeed, banks in Spain impose a requirement that a maximum of 35% of net income may be used for all fixed expenses, such as gross housing costs, loans and spousal support across Europe combined. For Portuguese banks, this is slightly higher, at 45-50% of your income.

Note: the Debt-to-Income ratio is just one of the factors taken into account, but a very important one to comply with.

Start your quick calculation with Pedro

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I want to buy in:*

Net monthly income*

This is the net monthly income of you + any partner. If you are employed, you may add 8% holiday pay to this. Minimum = 2000 p/m

Gross housing costs*

The monthly charges to your current home (fixed mortgage charges or bare monthly rent)

Other charges*

This refers to credits registered with the BKR, such as any spousal support, student loan, car lease or credit card debts. Are there none? Then enter 0.

Your DTI (burden-to-income ratio)*

Percentage that shows how much monthly room you have for a mortgage.

Your monthly space*

Euro free allowance per month for a mortgage

Unfortunately. Your DTI score is too high (above 30%). This means that financing in Spain will not be possible.

Unfortunately. Your DTI score is too high (above 40%). This means that financing in Portugal will not be possible.

Unfortunately. Your monthly allowance is too low (less than €250). This means that financing is not possible.

With a joint income below 2,000 euros a month, banks will not consider a mortgage application.

Suitable! This data shows that it makes sense to get a mortgage indication for Spain request.

Suitable! This data shows that it makes sense to get a mortgage indication for Portugal request.

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How others have experienced Pedro's advice have experienced

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Pedro helped us figure out how to use our excess value. Top!

- Jan Slob

Property finder in Porto, Portugal

Thanks to Pedro we have used our surplus value well. Top guidance!

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House finder in Faro, Portugal