If you are thinking about buying a house, remember that with BBVA you can also get a personalized study of your future mortgage.
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A mortgage calculator is a financial calculation tool that lets you estimate the approximate monthly loan payments and the amount you could request to finance the purchase of a home.
The calculator will ask you for some details for its calculations and to determine the estimated financial conditions of the loan and the approximate mortgage payment you would have to make each month. The variables it uses are the amount of the mortgage loan (amount that the bank will lend you based on the price of the home), the term and the interest rate.
To complete the calculation and get an estimate of how much you would have to pay for the mortgage loan, we will ask you for information on a home with characteristics similar to the one you want to buy (price, what province it is located in, if it will be your primary residence and if it is a new or existing home) and details on the mortgage loan (how much you need and the duration of the mortgage).
The simulation is also useful for finding out the estimated expenses and taxes associated with the purchase (notary, registry, processing and taxes) and the mortgage (appraisal), which will help you determine how much money you need to buy the house.
You can do all the simulations you want with no obligation, with no documents up-front and free of charge.
Thanks to the mortgage calculator, you can quickly and easily discover which option best suits your needs, comparing BBVA mortgages in a single calculation and knowing approximately the different monthly payments for each mortgage loan.