Banco Sabadell's Variable 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.
Which is better for you, the discounted or non-discounted variable mortgage?
With complete freedom to decide if you want to direct deposit your salary and take out life, home and protection insurance with us1.
Discounted variable mortgage2
Pay less on your monthly instalment for bringing your salary and your insurances2
3.53% APR Variable
(Euríbor + 0.60% NIR the rest of the years)
Not discounted variable mortgage3
x
3.85% APR Variable
(Euribor + 1.60% NIR the rest of the years)
Your variable 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 a variable interest rate mortgage with Banco Sabadell?
Calculate your instalment
Personalised mortgage
Advised by our experts
No arrangement fee1
Calculate your instalment
Personalised mortgage
Advised by our experts
No arrangement fee1
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.
Fixed-rate Mortgage
With the peace of mind of knowing that you will pay the same instalment every month.
Find out more
Green Mortgage
Build or energy renovate your first or second home.
Non-resident Mortgage
For those living abroad and wanting to buy a second home.
Self-promotion Mortgage
Choose whether you prefer to finance it with a fixed or variable rate mortgage.
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).
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:
N = outstanding principal of the loan
i = nominal interest expressed as so much per one
p = amortization 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 0.019 (nominal annual interest rate divided by 100) and "p" for 12 (number of amortization periods in a year), resulting in an amount of €237.50 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 variable mortgage we would substitute "N" for 150,000 (initial capital of the mortgage), "i" for 0.029 (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 624.34 € 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 0.029 (nominal annual interest rate divided by 100) and "p" for 12 (number of amortization periods in a year), resulting in an amount of €362.50 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:
- The French amortization system is used to calculate the installment to be paid, 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.
VARIABLE MORTGAGE
The current reference rate is the Euribor at 1 year of the month of May of 2025 published by the Bank of Spain on June 2 2025: 2,081%.
The variable APR of the following examples has been calculated under the assumption that the reference rates do not vary, therefore, this variable APR will vary with the revisions of the interest rate, the amortization term and the amount financed, and its revision will be every six months from the second year onwards.
In the event that the fixed interest rate applicable during the first year is higher than that resulting from the sum of the agreed differential and the reference index in force on the date of contracting, this fixed interest rate will be used to calculate the variable APR for the entire life of the transaction.
2) BONUS VARIABLE MORTGAGE
- 1.90% NIR the first year, Euribor +0.60% NIR the rest of the years.
- 3.53% variable APR.
- Term: 30 years (for other repayment periods, consult your branch).
- Instalments: 12 instalments of €546.96 /month. 347 instalments of €605.05/month and a final instalment of €607.48.
- Total amount of the mortgage loan: Mortgage amount: €150,000.
- Total cost of the mortgage: €92,093.56 (€67,123.35 in interest).
- Total amount payable: €242,093.56.
- 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.
- Origination fee: €0 (0%).
- Total amount of interest on the subsidized variable mortgage: €67,123.35 .
- 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: €456.21/year for the discounted variable mortgage. 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) VARIABLE MORTGAGE NOT SUBSIDIZED
- 2.90% NIR the first year, Euribor +1.60% NIR the rest of the years.
- 3.85% variable APR.
- Term: 30 years (for other repayment periods, consult your branch).
- Instalments: 12 instalments of €624.34 /month. 347 instalments of €686.97 /month and a final instalment of €689.30.
- Total amount of the mortgage loan: €150,000.
- Total cost of the mortgage: €101,454.7 (€96,559.97 in interest).
- Total amount payable: €251,454.78.
- Origination fee: 0 € (0%).
- Total amount of mortgage interest: 96.559,97 €.
- 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 an 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 taking out the Home Protection, Constant Capital Life and Total Payment Protection insurance is independent from taking out the loan, so it has the same cost as if it was taken out 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).