Banco Sabadell Fixed-rate Mortgage1
Up for the competition
Simulate your mortgage with Banco Sabadell now and discover your personalised repayment plan1
Shall we help you calculate your mixed, variable or fixed mortgage, the expenses and how much money we could lend you? Start by choosing where you are in the process:
Have you now found the house you want?
The result of this simulation will be advertising and indicative based on provisional data. To prepare it, we will base ourselves on current market conditions and on the data that you provide us through the next screens. If you want to apply for a mortgage once you see the result of your simulation, you should contact us for more information and receive your personalized offer.
What suits you best, the fixed-rate mortgage discounted or without non-discounted?
With complete freedom to decide if you want to deposit your salary and take out life, home and protection insurance with us.
Discounted Fixed-rate Mortgage2
2.50% NIR
3.41% APR
Non-Discounted Fixed-rate Mortgage3
Without ties, contract only your fixed mortgage
3.50% NIR
Your fixed mortgage in just 4 steps
Use our mortgages simulation and find out how much you would pay for yours.
Once your application has been reviewed and approved, you will be able to sign the mortgage contract and the deed before a notary.
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Why take out your fixed rate mortgage with Banco Sabadell?
Calculate your instalment
It takes less than 1 minute and is fully personalised1, thanks to our simulator.
Personalised mortgage
With our simulator you will be able to discover which mortgage is the best fit for your needs.
Advised by our experts
A mortgage expert will support you throughout the whole process, either online or in person.
No arrangement fee1
We take care of the administrative and property registry costs in accordance with the Real Estate Credit Law 5/2019.
Calculate your instalment
It takes less than 1 minute and is fully personalised1, thanks to our simulator.
Personalised mortgage
With our simulator you will be able to discover which mortgage is the best fit for your needs.
Advised by our experts
A mortgage expert will support you throughout the whole process, either online or in person.
No arrangement fee1
We take care of the administrative and property registry costs in accordance with the Real Estate Credit Law 5/2019.
Do you want to switch your mortgage?
Discover other mortgages from Banco Sabadell
Mixed mortgage
Unaffected by interest rate increases at the beginning, but flexible to adapt to the market afterwards.
Variable-rate mortgage
With a monthly instalment that is linked to the evolution of the market.
Find out more
Green Mortgage
Build or energy renovate your first or second home.
Self-promotion Mortgage
Choose whether you prefer to finance it with a fixed or variable rate mortgage.
Non-resident Mortgage
For those living abroad and wanting to buy a second home.
The advantages of digital banking with the best of an expert bank
We answer your most frequently asked questions
How much can my mortgage cover?
As a general rule, the mortgage can cover up to 80% of the purchase price or the valuation (the lesser of the two) for a first residence. The financing percentages tend to be lower for second homes.
How much should my monthly mortgage expense be?
The maximum total debt-to-income ratio (mortgage, personal loan, etc.) is not recommended to exceed 35%.
What are the discounts and how can they benefit me?
At Banco Sabadell we offer some services (discounts) that help to lower your mortgage interest rate (APR). You can take out one or more, but the more services you take out, the lower your interest rate will be. The services that include discounts are: direct deposit of salary, taking out Life Insurance, Home Insurance and Payment Protection Insurance.
What documentation do I need to submit to apply for my mortgage?
- Your national identity document (DNI/NIF).
- Proof of other income, if you have it (rent, commissions, interest on accounts, overtime, etc.).
- The last 2 bills of your regular payments indicating outstanding balances (mortgages, personal loans, credit cards, alimony and maintenance payments, rent payments, other debts, etc.).
- Work history. You can request this through the Social Security website or by calling 901 502 050. If you are employed, submit your last income tax return and your last 2 payslips/pension receipts.
- If you are self-employed, you will need the tax return for the last 2 years and the quarterly income tax and VAT payments for the current year.
- If you are not a Banco Sabadell customer, we will need a bank statement for the last 6 months from your usual account (pay slips, main bills, etc.).
Glossary: NIR, APR and other mortgage-related concepts
- APR (Annual Percentage Rate)
The total cost of the loan for the borrower, expressed as an annual percentage of the total amount of the loan granted, plus related costs, as appropriate, equivalent, on an annual basis, to the current value of all future and existing commitments, such as drawdowns, repayments and costs, agreed upon by the lender and the borrower.
- NIR (Nominal Interest Rate)
The amount paid to obtain an amount of money as a loan (or received to lend it) expressed as a percentage of said amount.
- Euribor
Interest rate applied by European banks when they lend money to each other. It is used as a benchmark figure for part of the interest rate for variable mortgages.
- Valuation of the property
An expert determines the real value of the home you are going to buy.
- Registry verification
The Property Registry checks the status of the property you are going to buy. This will confirm whether the property is free of charges such as mortgages and analyses the data on its situation, property and ownership.
FIPRE (pre-contractual information sheet)
This is a document with information on how mortgage loans work. It’s given to you before you perform a simulation of the future mortgage.
Valuation of the property
An expert determines the real value of the home you are going to buy.
Registry verification
The Land Registry checks the status of the property you are going to buy. This will confirm whether the property is free of charges such as mortgages and analyses the data on its situation, property and ownership.
What do I need to know if I want to buy a property in Andalusia?
Find out more through the following documents: FIPRE/Pre-contractual information Andalusia.
SEPA charges and payments
Find out more at on how to make and receive payments in Europe.
Do you have any questions? We're here to help you
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Legal terms and conditions
1) Conditions valid until 07/05/2025.
The personalised price included in this assessment is neither binding nor a substitute for the European Standardised Information Sheet (ESIS).
See representative examples of fixed mortgages.
Offer valid only for individuals (without business purpose) residing in Spain, with the exception of the Autonomous Community of Andalusia, who have income and assets only in euros.
For a home transaction to be formalized or concluded in the Autonomous Community of Andalusia, please consult your branch for the existing special offer.
The interest rate conditions, the granting of the loan, its amount and the repayment period for each transaction requested will be subject to the bank’s risk analysis.
Representative examples in accordance with the provisions of the applicable legal regulations. In particular, in loan contracts subject to the scope of application of Law 5/2019, of March 15, 2009, regulating real estate credit contracts, the representative example will be determined in accordance with the criteria established in letter d) of article 4.5 of Order EHA/1718/2010, of June 11.
The mortgage may cover up to 80% of the purchase price or the appraised value (whichever is lower) for first residences. For second residences the mortgage can cover up to 70%.
Installment and interest calculation formulas:
Formula for calculating monthly payments:
Calculation of the monthly fee:
N = outstanding principal of the loan.
i = nominal interest expressed as so much per one.
p = amortization periods in one year.
t = number of years of the amortization period outstanding.
Formula for calculating the part corresponding to interest of the installment:
Calculation of the quota corresponding to interest of the quota:
N = outstanding principal of the loan.
i = nominal interest expressed as so much per one.
p = amortization periods in one year.
In the representative examples, to calculate the installment in the subsidized fixed mortgage we would substitute "N" for 150,000 (initial capital of the mortgage), "i" for 0.025 (nominal annual interest rate divided by 100), "p" for 12 (number of installments to be paid per year) and "t" for 30 (number of years), obtaining an installment of 592.68 € to be paid each month.
In the above example, the interest portion of the installment is calculated by substituting "N" for 150,000 (initial mortgage principal), "i" for 0.025 (nominal annual interest rate divided by 100) and "p" for 12 (number of amortization periods in a year), resulting in an amount of €312.50 corresponding to the interest on the first month's installment. The remaining amount of the installment, after deducting the interest portion, is what is used for capital amortization.
In the representative examples, to calculate the installment in the non-subsidized fixed mortgage we would substitute "N" for 150,000 (initial capital of the mortgage), "i" for 0.035 (nominal annual interest rate divided by 100), "p" for 12 (number of installments to be paid per year) and "t" for 30 (number of years), obtaining an installment of 673.57 € to be paid each month.
In the above example, the interest portion of the installment is calculated by substituting "N" for 150,000 (initial mortgage principal), "i" for 0.035 (nominal annual interest rate divided by 100) and "p" for 12 (number of amortization periods in a year), resulting in an amount of € 437.50 corresponding to the interest on the first month's installment. The remaining amount of the installment, after deducting the interest portion, is what is used for capital amortization.
Amortization system and formula for calculating principal and interest amortization:
- For the calculation of the installment to be paid, the French amortization system is used, which is characterized as a system of constant installments. That is to say, the same amount is paid every month, provided that the interest rate applicable to the transaction does not vary during the settlement period, or that no early amortizations are made.
- The mortgage installment is composed of a part of interest and a part of amortization of the total amount of the loan. Since the installment to be paid is constant, as the outstanding principal of the mortgage is reduced, the interest generated on this principal is lower. Therefore, during the first years of the mortgage, a greater amount of interest is paid than principal and during the final period of the loan, more principal is paid and less interest is paid.
FIXED MORTGAGE
The APR of the following representative examples may vary depending on the repayment term and the amount financed.
2) SUBSIDIZED FIXED MORTGAGE
- 2.50% NIR (3.41% APR).
- Term: 30 years (for other repayment periods, consult your branch).
- Instalments: 359 instalments of €592.68/month and a final instalment of €593.58 .
- Total amount of the mortgage loan: €150,000.
- Total cost of the mortgage: €95,645.62 (€63,365.70 is interest).
- Total amount payable: €245,645.62
- Maximum discounted: direct deposit of salary or pension taking out associated insurance: Constant Capital Life Protection Insurance, Home Protection Insurance and Total Payment Protection Insurance with Banco Sabadell.
- Arrangement fee: 0 € (0%).
- Total amount of mortgage interest: 63,365.70 €.
- Sabadell Account Contract: €0 with the maximum discount of the maintenance fee, the cost is €0.
- Home Protection Insurance: the cost for contracting this insurance, which includes damage coverage through Banco Sabadell, is 12.99 €/month. The cost of this insurance will vary depending on the time of contracting and, among other factors, on the characteristics of the property to be mortgaged, the insured capital and the guarantees contracted. The amount shown is merely indicative, taking as an example a mortgage loan whose capital amounts to 150,000 € and for a building of 100,00.00 € whose type of property is an intermediate apartment with a surface area of 100 m2 built.
- Constant capital life insurance with a quarterly premium to be maintained throughout the life of the mortgage: 63.38 €/quarter (example for a 30 year old man).
- Total Payment Protection Insurance with an annual premium to be maintained throughout the life of the mortgage: €415.66/year. With coverage of 100% of the mortgage payment in the event of unemployment or sick leave.
- Registry verification costs: €25.41.
- Appraisal costs: €302.71.
3) FIXED MORTGAGE NOT SUBSIDIZED
- 3.50% NIR (3.97% APR)
- Term: 30 years (for other repayment periods, consult your branch).
- Instalments: 359 instalments of € 673.57/month and a final instalment of € 671.67.
- Total amount of the mortgage loan: €150,000.
- Total cost of the mortgage: €104,687.82. (€92,483.30 is interest).
- Total amount payable: €254,687.82.
- Origination fee: 0 € (0%).
- Total amount of mortgage interest: 92,483.30 €.
- Contracting a Sabadell Account: 60 €/quarter.
- Mandatory damage insurance during the whole life of the mortgage (it is not necessary to contract it with Banco Sabadell): Banco Sabadell does not market insurance that only includes damage coverage, therefore, the APR calculation has been made taking into account the premium resulting from simulating Banco Sabadell's Home Protection insurance (which includes damage coverage) whose cost has been estimated at €12.99/month. The cost of this insurance will vary depending on the time of contracting and, among other factors, on the characteristics of the property to be mortgaged, the insured capital and the guarantees contracted. The amount shown is merely indicative taking as an example a mortgage loan whose capital amounts to 150,000 € and for a building of 100,000.00 € whose type of property is an intermediate apartment with a surface area of 100 m2 built.
- Costs of registry verification: 25.41 €.
- Appraisal costs: 302.71 €.
The offer of combined or separate products will affect the costs I and the early cancellation II of the loan or its combined products.
I) Costs. The cost of contracting the Home Protection, Constant Capital Life and total payment protection insurance is independent of contracting the loan, so it has the same cost as if it was contracted individually.
II) Effects of early cancellation of the loan or any of the combined products. The effects that the early cancellation of the loan or any of the combined products would produce on the joint cost of the loan and the rest of the combined products or services will form part of the personalized information that will be provided through the European Standardized Information Sheet (FEIN).
Additional Information
Representative examples of loans with a mortgage guarantee on properties for residential use intended to finance the purchase of housing by individuals who act as consumers. Operation subject to prior approval by Banco Sabadell. The advisory service is not provided. Interest rate conditions subject to risk analysis by Banco Sabadell. These conditions may vary depending on the result of the risk analysis. In accordance with article 1911 of the Civil Code, which enshrines the principle of universal responsibility, in case of non-payment, the debtor, and, where appropriate, their guarantors or joint guarantors and mortgage guarantors, will respond with all their present and future assets, being able to lose your home/s and/or any other property you own.
Additional information about the insurance associated with your mortgage:
- Home Protection and Total Payment Protection are insurance policies of BanSabadell Seguros Generales, S.A. de Seguros y Reaseguros, with Tax ID Number (NIF) A64194590 and address at calle Isabel Colbrand, 22, 28050 Madrid, registered in the Mercantile Registry of Madrid and in the Registry of Insurance Companies of the DGSyFP with code no. C-0767.
- Constant Capital Life Protection is an insurance of BanSabadell Vida, Sociedad Anónima de Seguros y Reaseguros, with Tax ID Number (NIF) A08371908 and address at calle Isabel Colbrand, 22, 28050 Madrid, registered in the Mercantile Registry of Madrid and in the Registry of Insurance Companies of the DGSyFP with code no. C-0557.