Morgage Calculator
Mortgage Calculator
Considering a mortgage for your property in Portugal? Use our mortgage calculator to estimate potential monthly payments based on your desired loan amount, interest rate, and loan term.
Initial Deposit: Portion of the sale price of a home that is not financed. Your down payment amount can affect the interest rate you get, as lenders typically offer lower rates for borrowers who make larger down payments.
Interest rate: Amount you will pay each year to borrow the money for your loan, expressed as a percentage.
In Portugal, the maximum age to qualify for a mortgage is 75. This means that if you are 60 years old, the longest mortgage term you can secure is 15 years. Keep in mind that mortgage terms and eligibility criteria may vary based on individual lenders and your financial circumstances.
The amount of time or number of years that you will have to repay a loan. Longer term mortages can make your monthly payment amount smaller than shorter term loans by stretching out your payments over more years.
Taxes & Expenses takes into account additional costs beyond the property price. This includes expenses like IMT tax and Stamp Duty, providing a more accurate estimate of the total costs associated with purchasing a property.
More finance & legal guides
Taxes
Understanding property taxes in Portugal - a comprehensive guide.
Fiscal Representation
Why you need fiscal representation for property purchases in Portugal.
Mortgages
Securing a mortgage for buying property in Portugal - key facts.