Compara hipotecas: types and APR in Spain
Updated: 2026-08-12 · Services and tariffs
Key points
- Typical deposit 20–30% plus notary and registry costs.
- Fixed mortgages stabilise payments; variable tracks Euribor + margin.
- Mixed loans combine an initial fixed tranche then variable.
- Tie-ins may cut nominal rate but force costly bundled insurance.
- Read FEIN and FIAE before notary signing.
Context and criteria
Comparing mortgages in Spain means looking beyond the headline rate. Two offers at 2.5% nominal APR can differ through fees, mandatory home insurance and Euribor review frequency.
What to compare in detail
Fixed suits predictability if you fear Euribor rises; variable may start cheaper but exposes payments to market cycles. Mixed products bridge both over 5–10 year tranches.
Key variables
Online bank simulators (Santander, BBVA, CaixaBank, ING, Openbank) and mortgage brokers let you compare identical amounts and terms. Request each bank's FEIN for line-by-line checks.
Practical tips
Negotiate arrangement fees (sometimes 0% promos), partial prepayment without penalty and salary direct-debit bonuses. Compare 15- and 25-year total cost, not just year-one instalments.
Comparison table
| Type | Advantage | Risk |
|---|---|---|
| Fixed | Stable payment | Higher initial rate |
| Variable | Low payment if Euribor low | Rises with Euribor |
| Mixed | Partial planning | Jump at variable tranche |
| No tie-ins | Insurance freedom | Less bonified nominal rate |
In this category
FAQ
What is best when comparing mortgages now?
Depends on Euribor and horizon; fixed for certainty, variable if you accept risk.
Can I compare without payroll?
Yes, but terms are less bonified; some banks require minimum income.
Broker or direct bank?
Brokers scan more lenders; direct banks may improve offers for existing clients.
How long until approval?
Weeks after valuation and docs; reserve deposits only with clear pre-approval.