Fixed Mortgage¹

1. Conditions valid until 05/05/2024.

2. DISCOUNTED FIXED-RATE MORTGAGE

Representative example in accordance with the provisions of the applicable legal regulations. In particular, in the case of loan agreements subject to the scope of application of Law 5/2019 of 15th March, regulating real estate credit agreements, the representative example shall be determined in accordance with the criteria established in letter d) of Article 4.5 of Order EHA/1718/2010 of 11th June.

2.60% NIR (3.76% APR).
Term: 30 years (for other repayment periods, consult your branch).
Instalments: 359 instalments of €600.51/month and a final instalment of €600.14.
Total amount of the mortgage loan: 150,000 euros.
Total cost of the mortgage: €98,463.15 euros (€66,183.23 is interest)
Total amount payable: 248,463.15 euros.
Maximum discount: direct deposit of your salary or pension and taking out of the associated insurance policies: Constant Principal Life Protection Insurance, Home Protection Insurance and Total Payment Protection Insurance with Banco Sabadell.

What does the APR calculation include?
Arrangement fee: €0 (0%).
Total amount of the mortgage interest: €66,183.23.
Contracting a Sabadell Account: €60 per quarter.
Home Protection Insurance: the cost of taking out this insurance policy, which includes damage cover through Banco Sabadell, is €12.99/month. The cost of this insurance will vary depending on when it is taken out and, among other factors, on the characteristics of the property to be mortgaged, the insured amount and the guarantees contracted. The amount shown is merely indicative, taking as an example a mortgage loan with a principal of €150,000 and for a building of €100,000 whose type of property is a mid-storey flat with a built surface area of 100 m2.
Linked constant principal life insurance with a quarterly premium for the life of the mortgage: €63.38 /quarter (example for a 30-year-old man).
Total Total Payment Protection Insurance with an annual premium to be maintained throughout the life of the mortgage: €416.66/year for the discounted fixed-rate mortgage. With coverage of 100% of the mortgage payment in the event of unemployment or sick leave.
Costs of registry checks: 25.41 euros.
Valuation costs: 302.71 euros.

There will be a half-yearly review of the contracting of the products, on which the interest rate applicable in the event of taking out the mortgage with a discount is contingent.
The APR may vary, depending on the repayment period and the amount financed.
Repayment system and calculation formula for the repayment of principal and interest:

The instalments to be paid have been calculated using a French repayment schedule which has consistent instalments. In other words, 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 repayments have been made.

The mortgage instalment is made up of interest and the repayment of the total amount of the loan. Since the amount to be paid is constant, the lower the outstanding principal of the mortgage is, the lower the interest generated on this principal will be. Consequently, more interest and less principal are paid over the first years of the mortgage and more principal and less interest are paid during the final period of the loan.

Calculation of the monthly instalment:



Where:
N = outstanding loan principal
i = nominal interest expressed on a per-unit basis
p = repayment periods in one year
t = number of years of pending repayment period.
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 0.026 (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 600.51 € to be paid each month.

Calculation of the interest portion of the instalment:



Where:
N = outstanding loan principal
i = nominal interest expressed on a per-unit basis
p = repayment periods in one year.
In the above example, the interest portion of the installment is calculated by substituting "N" for 150,000 (initial mortgage principal), "i" for 0.026 (nominal annual interest rate divided by 100) and "p" for 12 (number of amortization periods in a year), resulting in an amount of €325 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.

The remaining amount of the instalment after deduction of interest is what is assigned to the repayment of the principal.

3. NON-DISCOUNTED FIXED-RATE MORTGAGE

Representative example in accordance with the provisions of the applicable legal regulations. In particular, in the case of loan agreements subject to the scope of application of Law 5/2019 of 15th March, regulating real estate credit agreements, the representative example shall be determined in accordance with the criteria established in letter d) of Article 4.5 of Order EHA/1718/2010 of 11th June.

3.60% NIR (4.08% APR)
Term: 30 years (for other repayment periods, consult your branch).
Instalments: 359 instalments of 681.97 euros/month and a final instalment of 680.62 euros.
Total amount of the mortgage loan: 150,000 euros.
Total cost of the mortgage: 107,712.37 euros. (95,507.85 euros is interest)
Total amount payable: 257,712.37 euros.

What does the APR calculation include?

Arrangement fee: €0 (0%).
Total amount of the mortgage interest: 95,507.85 euros
Contracting a Sabadell Account: €60 per quarter.

Compulsory property damage insurance for the life of the mortgage (it does not have to be taken out with Banco Sabadell): Banco Sabadell does not market an insurance policy that only includes damage cover. Therefore, the APR calculation has taken into account the premium resulting from simulating Banco Sabadell's Home Protection insurance (which includes damage cover), the cost of which has been estimated at €12.99/month. The cost of this insurance will vary depending on when it is taken out and, among other factors, on the characteristics of the property to be mortgaged, the insured amount and the guarantees contracted. The amount shown is merely indicative, taking as an example a mortgage loan with a principal of €150,000 and for a building of €100,000 whose type of property is a mid-storey flat with a built surface area of 100 m2.
Costs of registry checks: 25.41 euros.
Valuation costs: 302.71 euros.

The APR may vary, depending on the repayment period and the amount financed.

Repayment system and calculation formula for the repayment of principal and interest:
The mortgage instalment is made up of interest and the repayment of the total amount of the loan. Since the amount to be paid is constant, the lower the outstanding principal of the mortgage is, the lower the interest generated on this principal will be. Consequently, more interest and less principal are paid over the first years of the mortgage and more principal and less interest are paid during the final period of the loan.

Calculation of the monthly instalment:



Where:
N = outstanding loan principal
i = nominal interest expressed on a per-unit basis
p = repayment periods in one year
t = number of years of pending repayment period.
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 0.036 (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 681.97 € to be paid each month.

Calculation of the interest portion of the instalment:



Where:
N = outstanding loan principal
i = nominal interest expressed on a per-unit basis
p = repayment periods in one year.
In the above example, the interest portion of the installment is calculated by substituting "N" for 150,000 (initial mortgage principal), "i" for 0.036 (nominal annual interest rate divided by 100) and "p" for 12 (number of amortization periods in a year), resulting in an amount of € 450 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.

The remaining amount of the instalment after deduction of interest is what is assigned to the repayment of the principal.

Differences between combined and separate product offer:

The combined or separate product offer will have an impact on the costs I and early cancellation II of the loan or its combined products.

I) Costs
The cost of contracting the Home Protection, Constant Principal Life and Total Payment Protection Insurance is separate from contracting the loan, so it has the same cost as if it were 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 have on the joint cost of the loan and the other combined products or services will be part of the personalised information to be provided by means of the European Standardised Information Sheet (ESIS).

Additional information:

Offer valid only for natural persons (not for business use) resident in Spain, with the exception of the Autonomous Community of Andalusia, who have income and assets only in euros.

3. The mortgage may cover up to 80% of the purchase price or the valuation (whichever is the lower) for the first home. The mortgage can cover up to 70% in the case of second homes.

Representative examples of loans secured by mortgages on residential property designed to finance purchases of housing by natural persons acting as consumers. Transaction subject to the prior approval of Banco Sabadell. No advisory service is provided. Interest rate terms subject to risk analysis by Banco Sabadell. Terms 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 liability, in the event of non-payment, the debtor and, as appropriate, the debtor's joint guarantors and guaranteeing parties and mortgage guarantors shall be held liable for all the debtor's present and future assets and the debtor may even lose their home(s) and/or any other assets they own.

This offer is not valid for a housing transaction to be formalised or executed in the Autonomous Community of Andalusia (ask about the existing special offer at your branch).
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.
Additional information on the insurance associated with your mortgage:

Home Protection and Total Payment Protection are policies of BanSabadell Seguros Generales, S.A. de Seguros y Reaseguros, with Tax ID no. A64194590 and its registered offices at Calle Isabel Colbrand, 22, 28050 Madrid, registered with the Madrid Mercantile Register and the DGSyFP Insurance Companies Registry under code no. C-0767.

Constant Capital Life Protection is an insurance of BanSabadell Seguros Generales, S.A. de Seguros y Reaseguros, with Tax ID no. A64194590 and its registered offices at Calle Isabel Colbrand, 22, 28050 Madrid, registered with the Madrid Mercantile Register and the DGSyFP Insurance Companies Registry under code no. C-0767.

Insurance policies brokered by BanSabadell Mediación, Operador de Banca-Seguros Vinculado del Grupo Banco Sabadell, S.A., with Tax ID no. A-03424223 and its registered offices at Avda. Óscar Esplá, 37, 03007 Alicante, registered in the Mercantile Register of Alicante, and in the Administrative Register of the Directorate-General for Insurance and Pension Funds of the DGSyFP under code no. OV-0004, and carries Civil Liability Insurance pursuant to the provisions of the regulation on the distribution of private insurance and reinsurance in effect. You can view the insurance companies with which BanSabadell Mediación has signed an insurance agency contract at the following website: www.bancosabadell.com/bsmediacion. View information on the Insurance Mediator here.