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Mixed Mortgage Calculator

Applicable interest rate depending on the percentage of financing you apply for

 
  Fixed NIR first 10 years Variable NIR rest of years Variable APR
Up to 50% 1.95% Euribor +0.79%1 1.71%2
Up to 70% 2.05% Euribor +0.89%1 1.81%2
Up to 80% 2.15% Euribor +1.09%1 1.95%2

Calculate your repayments

If you've already started an application, click here.

Property purpose

Property type

Where is the house location?

Where is the house location?

How much does the home cost?

MIN. 40,000 €
MAX. 4,000,000 €
Property value: 40,000 to 4,000,000€

How much do you want to borrow?

It needs to be less than 80% of property value
Mortgage value: 30,000 to 3,000,000€
MIN. 30,000 €
MAX. 3,000,000 €

How long do you want to repay it over?

MIN. 5 years
MAX. 30 years
Term from 5 to 30 years.
Calculate
To apply for your mortgage you must have your tax residence in Spain

Want to know more about the mortgage calculator?

When buying a home it's important to know the options you have as a customer. With our online mortgage calculator you can:

  • Apply for your mortgage online in just a few minutes, from anywhere.
  • Find out the amount of your repayments and the costs involved in the purchase of your home.

You only have to choose the options based on the home you want to buy:

  • Primary home or second home.
  • Whether it's a new home or a resale home.
  • The Autonomous Community where it's located.

Then you must enter:

  • The price of the home. Please note that if it's a new home, you must include the price without VAT in the field "How much does the home cost?”.
  • The amount you need to finance the purchase.
  • How long you want to repay this amount.

Finally, click on "Calculate" and the calculator will calculate your mortgage online with the different alternatives (fixed, variable or mixed interest rates) so you can decide which one suits your preferences best.

  • Open Fixed Mortgage: The payment will always be the same throughout the term of the loan. Regardless of whether Euribor increases or decreases.
  • Open Variable Mortgage: The payment may increase or decrease every six months, depending on changes in Euribor.
  • Open Mixed Mortgage: For the first ten years your payment always remains fixed. From then on it will be updated annually with the applicable Euribor.

1 These interest rates will apply providing you meet the following requirement: Have your salary, pension or any other regular payment received by transfer as remuneration paid directly into Openbank, or make a deposit every month into Openbank from an account in another bank. For a sole holder, the amount of any of the above payments must be equal to or greater than €900 per month. If there are two or more owners, the minimum amount is €1,800 per month. You will have 3 months from the time the loan is arranged to have your salary, pension or any other regular payment received by transfer as remuneration paid directly into Openbank.  If you do not meet the above requirement, the interest rate applicable after non-fulfilment will vary and will be the result of adding a spread of 1.20% to the annual nominal interest rate. All holders must have their tax residence in Spain. Lending subject to approval by Openbank.

2 The Variable APR was calculated based on the assumption that the mortgage agreement will remain in force for the agreed term and that Openbank and the applicant will comply with their obligations in accordance with the terms of the agreement. The following has also been taken into account: (i) compulsory insurance against fire and other damage: €150/year (approximate amount as its cost will depend on the company you choose to arrange it with).  They do not include the charges for arranging the mortgage loan that will be covered by Openbank.

Please note that after the tenth year, it is a variable interest rate loan. The APR is calculated based on the one-year Euribor published in February 2019 (-0.116%). This VariableAPR has been calculated on the assumption that the benchmark indexes do not vary; therefore, this VariableAPR will vary due to interest rate adjustments. Annual review. The VariableAPR has been calculated for a mortgage loan to purchase a first or second home of €150,000.00 over 25 years. Monthly repayments.

Openbank will cover the charges of arranging the mortgage loan: the appraisal and registry verification, registry, notary, agency and document duty (IAJD). All charges mentioned above refer to the arrangement of the mortgage loan and never to the purchase and sale transaction. The charges for appraisal and verification of the registration status of the home that are requested through Openbank, will be paid by the customer, before completion. Openbank will proceed to refund them, provided that the mortgage loan is arranged with the bank. This refund will take place, after the signature, when the mortgage process is closed.

The pre-approval will be issued assuming the veracity of the information provided to date and will be subject to a subsequent comprehensive risk analysis by Openbank's risk department, once the necessary information and supporting documentation have been obtained. Therefore, the pre-approval is indicative and does not in any case represent a binding offer or a confirmation of granting the mortgage loan. Consequently, Openbank shall not be liable if final denial of the mortgage loan application takes place or if the terms of a subsequent Binding Offer differ from those described based on market conditions or the obtaining of additional information on the applicant's preferences and financial conditions; thus the applicant, or any other addressees, must take all necessary precautions before using the information contained in the pre-approval letter, which they use at their own risk.