Portuguese mortgage – Portugal mortgage calculator: what will your non-resident loan cost?
Buying in Portugal as a non-resident? The Portugal mortgage calculator shows your monthly payment, loan amount and closing costs in two minutes, with up to 80% financing.
What does the calculator work out for you?
It works out your monthly payment, loan amount and closing costs in two minutes for a non-resident purchase with up to 80 % financing; the total cost comes with the full evaluation by email. The result is a planning estimate, not a binding offer. Closing costs run at around 10 per cent of the purchase price.
- 1 Income
- 2 Property & loan
- 3 Full evaluation
Not every bank lends against income in a foreign currency — we approach the ones that do. For the full evaluation, enter your income converted into euros.
Your estimate
- Monthly payment(calculation rate—)—
- Loan amount—
- Loan-to-value (LTV)—
- Purchase costs—
Our brokerage focus starts at a loan amount of around €300,000 — we arrange smaller loans too and will give you an honest read on whether it makes sense in your case.
Estimate, no guarantee. The interest rate is the calculation basis for this example, not a market rate or commitment — the rate you actually achieve depends on your credit profile, the property and the bank. Portugal: max. 80 % LTV for non-residents. Purchase costs by region as on our purchase-costs page; the other items are guide values.
Buying in Spain instead? Use the separate Spanish mortgage calculator.
Numbers look right, but not sure the bank will follow? The mortgage readiness check gives a rough read on income, debt-to-income, age and paperwork in about a minute.
Model calculations without guarantee. Not binding offers. Terms vary depending on credit profile, property and bank. No tax or legal advice.
A quick estimate — what does your Portuguese mortgage cost?
Enter purchase price, equity and term and the calculator returns your monthly payment, loan amount, LTV and closing costs. It is a planning estimate, not a binding offer.
Free estimate in two minutes: Enter purchase price, equity and term and the calculator returns your monthly payment, loan amount, LTV and closing costs for a non-resident purchase in Portugal, with the total cost in the full evaluation by email — a planning estimate, not a binding offer. Mortgage rates in Portugal.
Up to 80 % loan-to-value in Portugal: On a €400,000 property: up to €320,000 loan, at least €80,000 of your own money — closing costs come on top. Requirements for non-residents.
Around 10 % closing costs on top
IMT (a flat 7.5 % for non-residents since 25 May 2026), Imposto do Selo, notary, Registo Predial and legal fees including 23 % IVA. IMT for non-residents.
Portugal mortgage calculator: what does a non-resident mortgage cost? Non-residents typically get up to 80 % loan-to-value in Portugal — the ceiling this Portugal mortgage calculator works with.
On top of the purchase price, budget around 10 % in closing costs: IMT (property transfer tax, 7.5 % flat rate for non-residents since 25 May 2026), Imposto do Selo (stamp duty, 0.8 % on the purchase plus 0.6 % on the loan), notary and Registo Predial fees, and legal fees of roughly 1 % plus 23 % IVA.
For a €400,000 purchase with an 80 % loan, that means around €80,000 in equity plus roughly €40,000 in costs before the first instalment is due.
The calculator below works out your monthly payment, loan amount and closing costs for the term you choose; the total cost comes with the full evaluation by email. Not legal or tax advice.
In Portugal, banks lend non-residents up to 80 per cent loan-to-value. Closing costs run at around 10 per cent of the purchase price and come from equity.
The result below is an estimate to plan with, not a binding offer. For firm terms, we review your documents and request quotes from Portuguese banks directly.
A first orientation for your financing plan. For an individual offer, contact us directly.
Representative example
Advertising a rate obliges us to show what it means in figures.
Here it is — calculated with the bonificação, the rate most deals actually close at. What the discount requires, what it is worth and what applies without it is set out below. Loan amount: €200,000. Loan-to-value: 80 %. Term: 20 years, fully amortising loan.
Fixed borrowing rate: 3.85 % (with bonificação). Monthly payment: €1,196.21. APR (TAEG): 4.00 % — excluding the running costs of the bundled products (bank-dependent). Total amount payable: €287,090. Assumptions: Fully amortising loan, calculated on the discounted rate.
Valuation €280; stamp duty (Imposto do Selo) 0.6 % of the loan (€1,200) — the borrower bears it, and it is included in the APR. No arrangement fee.
The running costs of the bundled products depend on the bank and are not included in the APR. Without the bonificação the rate is 4.60 % → payment €1,276.12, APR 4.78 %. The discount is therefore worth about €959 a year.
It requires two to four, depending on the bank, bundled products (typically: bank account, term life cover, buildings insurance, alarm system). The bundled products carry running costs that can partly or fully offset the rate discount.
Whether the bonificação pays off depends on what those products cost in your case — we calculate that against the discount before you sign.
Rates as at 21 September 2026. Source: Perini’s own bank survey (as at September 2026); 12-month Euríbor: Banco de España / EMMI.
Not an offer and not a financing commitment — the rate you are actually granted depends on the bank, the property and your file.
Get the full evaluation by email
Everything the calculator does not show on the page: equity needed including purchase costs, every cost item, total interest and total cost — and, with your income, how much you can afford under the 35 % rule.
We approach 30+ of 45 banks for your case (31 in Spain, 14 in Portugal); which ones fit, we discuss in person.
IMT tax calculator Portugal 2026: what non-residents pay
Non-residents pay a flat IMT of 7.5 % since 25 May 2026. On top come Imposto do Selo, 0.8 % on the purchase plus 0.6 % on the loan, notary and Registo Predial fees and legal fees. Budget around 10 % in closing costs on top of the price, paid from equity.
Frequently asked questions
Is there a euro mortgage calculator Portugal buyers can use for the monthly payment?
Yes. The calculator on this page works out your monthly payment, loan amount, loan-to-value and closing costs for a non-resident purchase in Portugal once you enter purchase price, equity and term. You can state your income in euros or another currency. The result is a planning estimate, not a binding offer.
How much can I borrow for a property in Portugal?
Two limits decide it: as a non-resident the bank lends up to 80 % of the price or the avaliação, and all loan payments together may not exceed around 35 % of your net income. The loan normally has to be repaid by age 75. The calculator shows the payment, loan and purchase costs straight away; the maximum loan and maximum purchase price based on your income come in the full evaluation by email.
How accurate is this Portuguese mortgage calculator?
It gives a first orientation, not a bank offer. It applies Portugal's roughly 10 per cent closing costs and the 80 per cent loan-to-value ceiling for non-residents to your purchase price, equity and term; the interest rate is a fixed calculation value. Your actual rate depends on income, existing debt, age and the property itself — reviewed individually once you send documents.
What is the maximum mortgage amount in Portugal for non-residents?
Up to 80 per cent of the purchase price. On a €400,000 property that is up to €320,000 financed, with the remaining €80,000 plus closing costs coming from equity.
What closing costs does the calculator include for Portugal?
IMT (property transfer tax, 7.5 per cent flat for non-residents since 25 May 2026), Imposto do Selo (stamp duty on the purchase and, separately, on the loan), notary, Registo Predial, and legal fees including 23 per cent IVA — roughly 10 per cent of the purchase price in total.
Related pages
Mortgage rates in Portugal
Current mortgage rates in Portugal for non-residents: fixed rate with and without discount (bonificação), from our own bank survey, reviewed quarterly.
Requirements for non-residents
Portugal mortgage requirements for non-residents: NIF, complete income proof, up to 80% LTV and roughly 30 to 31% of the price from your own funds.
IMT for non-residents
IMT Portugal: the 7.5% flat rate for non-residents buying property has applied since 25 May 2026, not September. Worked examples and refund routes.
Buy a finca in Spain: can you get a mortgage on suelo rústico land?
You can get a mortgage to buy a finca in Spain, but at a more cautious loan-to-value of 50 to 70 %, so you need 30 to 50 % equity plus purchase costs.
Mortgage Spain non-resident requirements: how do I get a Spanish mortgage?
Rule of thumb: otherwise the same rules apply as for employees — up to 70 % of the lower of purchase price and tasación, roughly 30 % equity.
Mortgage advisor in Spain: what does arranging your mortgage cost?
There is no upfront payment, no handling charge and no IVA. You pay the fee, not the bank, and the amount is fixed before the first application.
A first property purchase abroad: €766,500 for Porto Cristo
Yes, many buyers adapt their property to their own living style after acquisition. What matters is planning these costs realistically before the purchase.
Buy property Mallorca: Sale of the German home factored in, €487,000 for Alcúdia
The Spanish bank financed €487,000, around 70 percent of the €695,000 purchase price, and the costs and part of the price came from existing equity.
Content by Siegfried Perini — local brand representative since 2019, active in real estate since 1992, entered in the German intermediary register (§ 11a GewO) as a person directly involved in brokerage and advice. Point of contact for German-speaking buyers in Spain and Portugal. Brokerage by Olga Nikushkina, mortgage credit intermediary under § 34i German Trade Regulation (GewO); in Portugal through a locally licensed intermediary.