Portugal Mortgage Calculator: Check How Much You Could Borrow

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Last updated on June 4, 2024 | Est. Reading Time: 2 minutes

Are you thinking about purchasing a property in Portugal but are confused about how much you’re able to borrow? Buying a property in Portugal can be confusing, but don’t worry: Portugalist is here to help.

Use our mortgage calculator below to estimate:

  • What percentage of a deposit you’re likely to need
  • How much you’re likely to pay in additional property purchase costs (such as taxes)
  • How much you’re likely to be able to borrow, monthly payments, mortgage rates, and all of those other important questions*

*This part of the process requires more information. A mortgage broker will get in touch to discuss your income and expenses in order to calculate how much you’re able to borrow.

Mortgage Calculator
Your monthly fee
  • Mortgage Amount 800,000 €
  • Mortgage Rate 3.6%
** Mortgage rate is affected by many things such as age, deposit amount, mortgage type, etc.

Why We Created This Calculator

There are a few Portuguese mortgage calculators on the web but most focus on working out what your monthly payments are likely to be. They also require you to know things like your mortgage interest rate, which you may not know if you’re just starting your research.

In the beginning, however, you often simply want to know how much you can afford. Unfortunately, this calculation is sometimes beyond the scope of an online calculator, which is why we work with a mortgage broker for the final calculations.

If you’re a foreigner thinking about buying in Portugal, working with a broker makes a lot of sense. Although you can walk into any bank in Portugal, a broker can compare mortgages from multiple banks to find you the best deals. They will also have an idea of which banks are most likely to accept you as a client.

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James Cave is the founder of Portugalist and the author of the bestselling book, Moving to Portugal Made Simple. He has visited just about every part of Portugal, including Madeira and all nine islands of the Azores, and lived in several parts of Portugal including Lisbon, the Algarve, and Northern Portugal.

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