Information About Buying and Renting Property in Costa Tropical in Granada

Mortgage / Financing

It is only possible to finance 60% of the total amount of the purchasing price. For Spanish Residence up to 80% of the purchasing price. The maximum contract term on a mortgage is 30 years. On the tableau below you find an example on the basis of 6000€.- Pesetas. Just go into the line with the percentage applicable and than the number of years on which you would like to take the mortgage out. In the box you see now the amount you have to pay back monthly (based on 6000Eur). Just multiply this amount with the amount you need for the mortgage and you know your monthly debit.

Period of Mortgage 4,00% 41/2% 5,00% 51/2% 6,00% 61/2% 7,00% 71/2% 8,00%
6 YEARS 94,03 95,4 96,79 98,19 99,6 101,03 102,46 103,91 105,37
7 YEARS 82,15 83,54 84,95 86,36 87,8 92,18 90,71 92,18 93,67
8 YEARS 73,26 74,66 76,09 77,46 78,98 80,45 81,94 83,44 84,96
9 YEARS 66,36 67,78 69,22 70,68 72,16 73,65 75,16 76,69 78,24
10 YEARS 60,85 62,29 63,75 65,23 66,72 68,24 69,78 71,34 72,92
11 YEARS 56,36 57,81 59,28 60,78 62,31 63,85 65,41 67 68,60
12 YEARS 52,62 54,09 55,59 57,11 58,65 60,21 61,81 63,42 65,06
13 YEARS 49,47 50,96 52,47 54,01 55,57 57,17 59,78 60,42 62,09
14 YEARS 46,78 48,28 49,82 51,37 52,96 54,58 56,22 57,88 59,58
15 YEARS 44,46 45,98 47,53 49,11 50,72 52,35 54,02 55,71 57,44
16 YEARS 42,43 43,97 45,54 47,14 48,76 50,43 52,12 53,84 55,59
17 YEARS 40,65 42,2 43,79 45,41 47,06 48,75 50,47 52,21 53,99
18 YEARS 39,08 40,65 42,25 43,89 45,57 47,27 49 50,78 52,59
19 YEARS 37,68 39,26 40,89 42,54 44,24 45,97 47,73 49,53 51,36
20 YEARS 36,42 38,02 39,67 41,34 43,06 44,81 46,6 48,42 50,27
21 YEARS 35,29 36,91 38,57 40,27 42 43,78 45,59 47,43 49,31
22 YEARS 34,27 35,9 37,58 39,29 41,05 42,85 44,68 46,55 48,45
23 YEARS 33,34 34,99 36,68 38,42 40,19 42,02 43,87 45,76 47,69