Portugal Mortgage Calculator
Get a quick estimate of your monthly repayments. Then we request an official simulation directly from multiple Portuguese banks (free for you) so you can secure your best rate.
Your details
Your estimate
(Shows current rates and all costs associated when buying in Portugal)
Direct from the banks — free for you
We request official simulations directly from Portuguese banks. It’s free for you.
We compare many banks to secure your best rate
We work with multiple Portuguese lenders and negotiate to deliver the most competitive rate and terms for your profile.
English‑speaking expat specialists
We guide you end‑to‑end, explain the documents, and handle the banks so nothing gets lost in translation.
How to Use This Portugal Mortgage Calculator
Our Portugal mortgage calculator is designed specifically for expats and non-residents. It provides a quick estimate of your monthly repayments based on the property price, your down payment, and current interest rates.
Please note that this tool provides an estimate. The actual rate you secure depends on your financial profile, the bank we choose, and the negotiation leverage we apply as your broker.
Understanding Mortgage Rates in Portugal
Most mortgages in Portugal for non-residents use a Variable Rate indexed to the Euribor (3, 6, or 12 months) plus a margin called the Spread.
- Euribor: The base rate set by European potential markets.
- Spread: The bank's profit margin, typically ranging from 0.7% to 1.5% for strong profiles.
Fixed Rates are also available, offering stability for 1, 2, 5, 10, or even up to 30 years. In the current economic climate, many clients prefer a mix (mixed-rate mortgage) starting with a fixed period before switching to variable.
Loan-to-Value (LTV) for Non-Residents
If you are a fiscal resident of Portugal, you may borrow up to 90% of the property value. However, for non-residents (including UK, US, and EU citizens living abroad), banks typically limit lending to:
- 60% to 70% LTV for most applicants.
- 75% to 80% LTV is possible for exceptional financial profiles.
This means you will typically need a deposit of at least 20% to 30%, plus funds for taxes and fees.
Taxes and Fees When Buying
Beyond the mortgage monthly payment, remember to budget for buying costs. You should allocate roughly 6% to 10% of the purchase price for:
- IMT (Property Transfer Tax): Variable scale depending on price.
- Stamp Duty (Imposto de Selo): 0.8% of the price.
- Legal & Notary Fees: Typically 1-2%.
Why Use a Broker?
Going direct to one bank limits your options. We work with all major Portuguese lenders to compare offers. We negotiate the Spread and mandatory insurance costs to save you thousands over the life of the loan. Best of all, our service is free for you.
Turn your estimate into a bank‑verified simulation
We request official simulations directly from multiple Portuguese banks and deliver a side‑by‑side comparison with our guidance. It’s free for you.
Get FREE simulations from the banks →What happens after you request a simulation?
Share your goals
Tell us about the property, deposit, and income.
We request simulations from multiple banks
We obtain official simulations directly from lenders and compare offers for you.
You choose confidently
We explain the offers and recommend the right fit for you.
We handle the paperwork
From application to approval and completion, we’re with you.
Frequency Asked Questions
Common questions about getting a mortgage in Portugal as a non-resident.
To reach an approval it takes between 1-3 weeks subject to the loan amount. Once approved the bank account can be opened and a valuation requested.
Up to 80% of the purchase can be obtained subject to affordability.
Yes. Portuguese banks actively lend to US citizens.
Depends on which bank we approach as some banks have offices in countries worldwide who certify the information. Otherwise you maybe be asked to translate documents.
You will need to provide 3 years tax returns, which will show salary, dividends and they will also consider rental income. If you have a company you also need to provide 3 years company accounts
Yes you need a NIF to apply for a mortgage and open a bank account. First step is to be approved for the mortgage, it is only after the approval the bank account is opened.