How much mortgage can I get to buy in Madrid?
One resident buyer aged 30, a second-hand main home, no other loans, a 30-year fixed loan at 3.2%. Your own figures move it: the calculator below works it out for them.
Work out what banks typically lend you
Banks size a mortgage on two things: the payment your income can carry and the deposit your savings can pay. The calculator shows which one limits you, with the taxes that apply in the Community of Madrid worked in, and how many square metres that budget buys in Madrid.
What banks typically lend you
Worked out for the example figures. Replace them with yours.
A home up to about
€185,000
Banks typically lend up to €148,000 on these figures, 80% of the price.
Your budget buys about 30 m² in Madrid at about €5,950/m² (area data 2026-08).
- Your savings are the limit: they run out on the deposit, taxes and fees before your income does. Your income alone would support a home of about €252,000.
- Term: 30 years, the longest banks typically allow.
- Rate: 3.2% TIN, a typical fixed rate, the top of recent offers.
- Payment: €641/mo, 25.65% of your net income with your other loans. The guideline is 35%; some banks stretch to 40%.
- If the rate rose to 6.2%, the payment would be €908/mo (36.33% of income).
Cash that must come from your savings
| Deposit | €37,077 |
| ITP (transfer tax) | €11,123 |
| Notary, registry and gestoría | €1,800 |
| Total from savings | €50,000 |
| Left over | €0 |
Arithmetic on your figures: with €17,556 more saved, your income would support a home of about €252,000.
For a main home up to €250,000 you may pay 10% less ITP - confirm with a gestor. It is not in these figures.
Guarantees checked
- ICO first-home guarantee (aval ICO) In force until Dec 31, 2027. Not met: first home, income limit, net worth limit.
- Mi Primera Vivienda (Comunidad de Madrid) In force. Not met: first home, years living in the region.
- Mi Primera Vivienda: announced extension Announced on Sep 2, 2026; not in force until the bank agreements are signed, and not in these figures. Not met: first home, years living in the region.
Orientation, not an offer or advice: the bank decides, on its own assessment. Yald does not lend or arrange mortgages.
Opens the full analysis at that price, with the taxes that apply in the Community of Madrid and the running costs.
Financing this purchase?
We can introduce you to a regulated mortgage broker who works with non-resident and resident buyers in Spain.
Yald is an introducer only. We do not advise on, arrange or provide finance; the broker is independently regulated. Orientation, not advice.
Mortgage on a net salary of 1,500, 2,000, 2,500, 3,000, or 4,000 euros a month
The same calculation for five salaries, worked out when this page was built from the dated terms below.
| Net income a month | Loan the income supports | Price that loan supports | Size in Madrid | Savings needed | Monthly payment |
|---|---|---|---|---|---|
| €1,500 | €121,396 | €151,745 | ≈ 25 m² | €41,254 | €525/mo |
| €2,000 | €161,862 | €202,327 | ≈ 35 m² | €54,406 | €700/mo |
| €2,500 | €202,327 | €252,908 | ≈ 45 m² | €67,556 | €875/mo |
| €3,000 | €242,793 | €303,491 | ≈ 50 m² | €80,708 | €1,050/mo |
| €4,000 | €323,724 | €404,655 | ≈ 70 m² | €107,010 | €1,400/mo |
Assumptions: one buyer aged 30, resident, buying a second-hand main home in Madrid; no other loans; a 30-year fixed loan at 3.2% TIN, up to 80% of the price; the payment at 35% of net income. Savings needed = deposit + ITP + notary, registry and gestoría. Size = the price divided by the average second-hand asking price in Madrid, about €5,950/m² (area data 2026-08), rounded to 5 m².
Home prices in Madrid
In Madrid, second-hand homes are advertised at about €5,950/m² on average. The €202,327 budget in the answer above buys about 35 m² at that price.
By district it runs from about €3,210/m² in Villaverde to about €9,988/m² in Salamanca: the same budget is about 65 m² in Villaverde and about 20 m² in Salamanca.
Asking prices, not sale prices: Yald area data, version 2026-08. A guide only; the bank's valuation is what counts.
How banks size it
Most banks keep every loan payment, this mortgage included, under about 35% of the household's net monthly income. Some stretch to 40% for higher incomes; the figures here stay at 35%.
The loan is also capped at a share of the price (the LTV), and it has to end before the oldest borrower reaches a set age. The shorter the term, the smaller the loan the same payment buys.
| Buyer | Loan up to | Longest term (years) | Loan ends by age | Typical fixed rate |
|---|---|---|---|---|
| Resident, main home | 80% | 30 | 75 | 3.2% |
| Resident, second home | 70% | 30 | 70 | 3.2% |
| Non-resident | 60% | 25 | 70 | 4.5% |
The cautious end of each sourced range, checked on September 14, 2026. A variable loan is priced at the 12-month Euribor (2.95%, August 2026) plus about 1%.
Public guarantees for a first home
Public guarantees let a bank lend more than the usual 80%, so the deposit can be much smaller. Taxes and fees still come from savings.
ICO first-home guarantee (aval ICO)
In force since June 19, 2026; loans must be signed by December 31, 2027.
- Up to 100% of the price for buyers aged up to 35.
- Families with children under 18 are exempt from the age limit.
- A first home, bought as the main residence.
- For buyers resident in Spain.
- Net worth up to €150,000.
- Price up to €325,000 (likely - confirm with the bank).
- Gross annual income up to €63,000 (likely - confirm with the bank).
Source: ICO, Linea de Avales Hipoteca Primera Vivienda, checked on September 13, 2026.
Mi Primera Vivienda (Comunidad de Madrid)
In force since July 27, 2022.
- Up to 100% of the price for buyers aged up to 39 (likely - confirm with the bank).
- A first home, bought as the main residence.
- At least 2 years living in the Community of Madrid.
- Price up to €390,000.
Source: Comunidad de Madrid, Mi Primera Vivienda (Orden 2350/2022), checked on September 8, 2026.
Mi Primera Vivienda: announced extension
Announced on September 2, 2026. It applies once the bank agreements are signed; until then it is shown here and not applied to any figure.
- Up to 100% of the price for buyers aged up to 39.
- Up to 95% of the price for buyers aged up to 44.
- Up to 90% of the price for buyers aged up to 49.
- A first home, bought as the main residence.
- At least 2 years living in the Community of Madrid.
- Price up to €425,000.
Source: Comunidad de Madrid press release, 2 Sep 2026, checked on September 13, 2026.
The calculator applies a guarantee only when it is in force and your answers meet every condition it asks about; a question left blank counts as not met.
Buying in Madrid as a non-resident
Spanish banks do lend to non-residents, on tighter terms: typically up to 60% of the price, over at most 25 years, at a fixed rate of about 4.5%. You need an NIE and proof of income from where you live.
So the deposit is at least 40% of the price, with the same taxes and fees as a resident on top. On a €202,327 home that is about €94,871 from savings.
The public guarantees are for residents buying their first home, so they do not apply to a non-resident.
Cash that must come from savings in Madrid
Banks lend on the price, never on the taxes and fees, so those come from savings on top of the deposit. In Madrid a second-hand home pays ITP at 6% (4% for a large family buying its main home); a new build pays IVA at 10% plus AJD at 0.75%.
| At the same price | Second-hand | Second-hand, large family | New build |
|---|---|---|---|
| Price | €202,327 | €202,327 | €202,327 |
| Deposit (20%) | €40,466 | €40,466 | €40,466 |
| Taxes | €12,140 | €8,093 | €21,750 |
| Notary, registry, gestoría | €1,800 | €1,800 | €1,800 |
| Total from savings | €54,406 | €50,359 | €64,016 |
At €202,327 with a loan of 80% of the price, worked out by the engine on the dated rate set.
For a main home up to €250,000 you may pay 10% less ITP - confirm with a gestor. It is not applied to any figure on this page.
Common questions
- How much will a bank lend me on my salary?
- As a guide, banks keep the payment under about 35% of your net monthly income. On €2,000 net a month with no other loans, that is a loan of about €161,862 over 30 years at 3.2%: a home of about €202,327, with about €54,406 saved. Your age, savings and other loans move it.
- What share of my salary can the mortgage payment be?
- Usually up to about 35% of net monthly income, counting every loan payment together. Some banks go to 40% for higher incomes; beyond that most decline, whatever the deposit.
- How much do I need saved to buy in Madrid?
- The deposit, at least 20% of the price when the bank lends 80%, plus the taxes and fees, which banks do not lend: on a second-hand home in Madrid, ITP at 6% plus notary, registry and gestoría. On a €202,327 home that comes to about €54,406.
- How many square metres can I buy in Madrid on €2,000 a month?
- On €2,000 net a month the budget is about €202,327: at about €5,950/m² on average in Madrid, that is about 35 m² (area data 2026-08).
- Do banks look at gross or net income?
- Net: what reaches your account each month after tax and social security, for all buyers together. The public guarantees set their income limits on gross annual income instead, which is why the calculator asks for both.
- Up to what age can I get a mortgage?
- The loan usually has to end by age 75 for a main home (70 for a second home) and runs at most 30 years. From about 45 the age limit starts to shorten the term, and the same payment then buys a smaller loan.
- Can a foreigner get a mortgage in Spain?
- Yes. A foreigner resident in Spain borrows on the same terms as a Spanish buyer. A non-resident can borrow too, typically up to 60% of the price over at most 25 years, with an NIE and proof of income.
- How much deposit does a non-resident need?
- At least 40% of the price, plus the taxes and fees on top. On a €202,327 home in Madrid that is about €94,871 from savings.
- Which public guarantees help first-time buyers in the Community of Madrid?
- Public guarantees let a bank lend more than usual to first-time buyers. Only one applies to a loan. ICO first-home guarantee (aval ICO): up to 100% of the price, for buyers aged up to 35. Families with children under 18 are exempt from the age limit. Homes up to €325,000 (likely - confirm with the bank). Loans must be signed by December 31, 2027. Mi Primera Vivienda (Comunidad de Madrid): up to 100% of the price, for buyers aged up to 39. It asks for 2 years living in the Community of Madrid. Homes up to €390,000. Announced on September 2, 2026: Mi Primera Vivienda: announced extension, for buyers aged up to 49. It applies only once it is in force; until then it is in no figure. Homes up to €425,000.
- Which banks offer the young-buyer guarantee in the Community of Madrid?
- The young-buyer mortgage with a public guarantee or loan is offered by the banks that have signed each scheme's agreement, and the list changes. ICO first-home guarantee (aval ICO): at least 60 participating banks (September 14, 2026). Mi Primera Vivienda (Comunidad de Madrid): 9 participating banks (September 14, 2026). Mi Primera Vivienda: announced extension: the agreements with the banks are not signed yet. Ask your bank whether it has signed up.
- Fixed or variable, and which Euribor?
- Fixed rates for residents run up to about 3.2% in recent offers. A variable loan follows the 12-month Euribor, 2.95% for August 2026, plus a spread of about 1%. A variable payment moves at each review: check you could still pay it with the rate 3 points higher.
- Does this mean a bank will approve my mortgage?
- No. This is orientation: arithmetic on your figures against typical, dated lending terms. The bank decides on its own assessment, including your contract, your credit history and the valuation of the home. Yald does not lend, advise on or arrange mortgages; it can introduce you to a regulated broker.
Estimate for orientation only - not tax, legal or financial advice. Figures are computed from versioned, dated reference rates and may be incomplete or out of date. Confirm with your gestor / asesor fiscal.