BS Necesidad1

* Conditions valid until 05/10/2022.

1. 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.
2.65% NIR (3.45% APR).
Term: 30 years (for other repayment periods, consult your branch).
Instalments: 359 instalments of €604.45/month and a final instalment of €602.08.
Total amount of the mortgage loan: 150,000 euros.
Total cost of the mortgage: €88,168.32 euros (€67,599 is interest)
Total amount payable: 238,168.32 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 Payment Protection Insurance with Banco Sabadell.

What does the APR calculation include?
Arrangement fee: €0 (0%).
Total amount of the mortgage interest: €67,599.63.
Contracting a Relación Account: €50 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).
Single-premium payment protection insurance with 100% coverage of the principal for a period of 5 years: €1,958.57 (example for a 30-year-old man).
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.
You can, if you wish, finance the linked life insurance and payment protection insurance through the mortgage itself.
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 example, to calculate the first year’s instalment we will replace “N” with 150,000 (the initial mortgage principal), “i” with 0.0265 (nominal annual interest rate for the first year divided by 100), “p” with 12 (number of instalments to be paid per year) and “t” with 30 (number of years). Thus, obtaining an instalment of €604.45 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 part, which is the payment of interest on the instalment is calculated by replacing “N” with 150,000 (the initial mortgage principal), “i” with 0.0265 (the first year’s interest rate divided by 100) and “p” with 12 (the number of repayment periods in one year). Thus, obtaining an amount of €331.25, which is the interest on the first month’s instalment.

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

2. 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.
3.65% NIR (4.09% APR)
Term: 30 years (for other repayment periods, consult your branch).
Instalments: 359 instalments of 686.19 euros/month and a final instalment of 685.69 euros.
Total amount of the mortgage loan: 150,000 euros.
Total cost of the mortgage: 108,032.42 euros. (97,027.90 euros is interest)
Total amount payable: 258,032.42 euros.

What does the APR calculation include?

Arrangement fee: €0 (0%).
Total amount of the mortgage interest: 97,027.90 euros
Contracting a Relación Account: €50 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 example, to calculate the first year’s instalment we will replace “N” with 150,000 (the initial mortgage principal), “i” with 0.0365 (nominal annual interest rate for the first year divided by 100), “p” with 12 (number of instalments to be paid per year) and “t” with 30 (number of years). Thus, obtaining an instalment of €686.19 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 part, which is the payment of interest on the instalment is calculated by replacing “N” with 150,000 (the initial mortgage principal), “i” with 0.0365 (the first year’s interest rate divided by 100) and “p” with 12 (the number of repayment periods in one year). Thus, obtaining an amount of €456.25, which is the interest on the first month’s instalment.

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

3. DISCOUNTED VARIABLE-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.

1.55% NIR the first year, Euribor+0.75% NIR all other years.
2.78% variable APR.
Term: 30 years.
Instalments: 347 instalments of 553.33 euros/month and a final instalment of 551.92 euros.
Total amount of the mortgage loan: Mortgage amount: 150,000 euros.
Total cost of the mortgage: 69,381.60 euros (48,812.91 euros in interest).
Total amount payable: €219,381.60.
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 Payment Protection Insurance with Banco Sabadell.

What does the variable APR calculation include?

Arrangement fee: €0 (0%).
Total amount of the mortgage interest: 48,812.91 euros.
Contracting a Relación Account: €50 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).
Single-premium payment protection insurance with 100% coverage of the principal for a period of 5 years: €1,958.57 (example for a 30-year-old man).
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 interest rate for the first year has been used to calculate the variable APR for the term of the loan, because the rate following review from the second year on (Euribor for the current month plus margin) is lower than the initial interest rate.

The current reference rate is Euribor 1-year from August 2022 published by the Bank of Spain on 2th September 2022: 1,249 %.

The variable APR has been calculated assuming that the reference rates do not vary. Thus, the variable APR will be subject to a review of the interest rate, the repayment term and the amount financed, and shall be reviewed half-yearly from the second year onwards.

You can, if you wish, finance the linked life insurance and payment protection insurance through the mortgage itself.

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 the outstanding repayment period
In our example, to calculate the first year’s instalment, we will replace “N” with 150,000 (the initial mortgage principal), “i” with 0.0155 (nominal annual interest rate for the first year divided by 100), “p” with 12 (number of instalments to be paid per year) and “t” with 30 (number of years). Thus, obtaining an instalment of €521.29 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 part, which is the payment of interest on the instalment is calculated by replacing “N” with 150,000 (the initial mortgage principal), “i” with 0.0155 (the first year’s interest rate divided by 100) and “p” with 12 (the number of repayment periods in one year). Thus, obtaining an amount of €193.75, which is the interest on the first month’s instalment.
The remaining amount of the instalment after deduction of interest is what is assigned to the repayment of the principal.

4. NON-DISCOUNTED VARIABLE-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.

2.55% NIR the first year, Euribor+1.75% NIR all other years.
3.39% variable APR.
Term: 30 years (for other repayment periods, consult your branch).
Instalments: 347 instalments of €631.29/month and a final instalment of €629.63.
Total amount of the mortgage loan: 150,000 euros.
Total cost of the mortgage: 87,850.86 euros (76,846.34 euros in interest).
Total amount payable: €237,850.86.

What does the variable APR calculation include?

Arrangement fee: €0 (0%).
Total amount of the mortgage interest: 76,846.34 euros.
Contracting a Relación Account: €50 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 interest rate for the first year has been used to calculate the variable APR for the term of the loan, because the rate following review from the second year on (Euribor for the current month plus margin) is lower than the initial interest rate.

The current reference rate is Euribor 1-year from August 2022 published by the Bank of Spain on 2th September 2022: 1.249 %.

The variable APR has been calculated assuming that the reference rates do not vary. Thus, the variable APR will be subject to a review of the interest rate, the repayment term and the amount financed, and shall be reviewed half-yearly from the second year onwards.

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 the outstanding repayment period
In our example, to calculate the first year’s instalment, we will replace “N” with 150,000 (the initial mortgage principal), “i” with 0.0255 (nominal annual interest rate for the first year divided by 100), “p” with 12 (number of instalments to be paid per year) and “t” with 30 (number of years). Thus, obtaining an instalment of €596.59 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 part, which is the payment of interest on the instalment is calculated by replacing “N” with 150,000 (the initial mortgage principal), “i” with 0.0255 (the first year’s interest rate divided by 100) and “p” with 12 (the number of repayment periods in one year). Thus, obtaining an amount of €318.75, which is the interest on the first month’s instalment.

The remaining amount of the instalment after deduction of interest is what is assigned to the repayment of the principal.
You can, if you wish, finance the linked life insurance and payment protection insurance through the mortgage itself.