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# All about how to calculate a mortgage in Spain

Buying a house in Spain is one of the biggest dreams of many people. But in order to achieve it, it is often necessary to apply for a mortgage.

However, the process of calculating a mortgage and knowing how much we have to ask for and pay can be complicated and confusing. That is why in this article, we will show you how to do it easily and quickly with different methods.

In addition, we will also talk about why using a mortgage calculator in Spain like the that Lionsgate Capital, a reliable and specialized fund in the sector, offers.

## The best methods to calculate your mortgage

In this section, we will talk about the best methods to calculate a mortgage payment. As this is a complex endeavor, the best alternative for you might vary depending on your specific situation, skills, and needs.

### 1- Fixed Rate Method

The first one is the Fixed Rate Method. The total amount that will have to be paid during the whole period of the mortgage loan is known. This has as its initial assumption that both the principal amount and the interest do not vary over time and are fixed from the beginning.

The operation of this method is very simple. The total amount of the mortgage is multiplied by a fixed percentage rate that can be annual, bimonthly, or monthly. Then divide the result by the terms to determine the amount to be paid each period.

Of course, in order to take advantage of this method. You must first know the total amount of the mortgage and the fixed percentage rate.

### 2- Variable principal method

In this method, the amount of principal to be paid in each period will vary according to the interest accrued up to that date. This means that the accrued interest will be taken as the basis for calculating the principal to be paid each period.

Both the principal amount and the interest vary throughout the loan period and are not the same from the beginning to the end.

For this reason, to perform this method correctly, you must first know the total amount of the mortgage. And then the percentage rate to be paid during the entire period. Then you have to calculate the accrued interest for each period. Finally, divide the total amount of the mortgage by the installments to determine the amount to be paid each period.

Of course, this method can be quite complicated, so we recommend using a mortgage calculator to simplify the process.

### 3- Use a mortgage calculator

A very interesting alternative to the previous methods is to use a mortgage calculator. Nowadays there are all kinds of technological tools specially designed to calculate the payment of a mortgage.

These tools have the following advantages:

This is much simpler to use than the previous methods.

They are much faster since they perform the calculation in a matter of seconds.

They can calculate the mortgage payment with different types of rates (fixed, mixed, etc.).

As a result, mortgage calculators save a lot of time and headaches for those looking to know how much they have to pay to get their mortgage.

## How Lionsgate Capital’s Mortgage Calculator Works

Lionsgate Capitalâ€™s Mortgage Calculator is a free and innovative tool that allows you to perform various calculations related to your mortgage in Spain. Using it is very easy, and here we will explain all the steps to be able to do it.

The first thing you need to do is to enter the amount you need to purchase the property. The Lionsgate Capital Mortgage Calculator will allow you to select from various loan options. This will include fixed, variable or mixed-rate mortgages. It is important that you select the option that best suits your needs and monthly payment capacity.

Then, you must enter the term of the mortgage, that is, the time in which you plan to pay it. Most mortgages in Spain have a term ranging from 15 to 30 years. But you can select the period that best suits your needs.

Lionsgate Capital’s Mortgage Calculator will also allow you to select the interest rate, which can be fixed or variable. The interest rate can be a determining factor in the final amount you will have to pay. So you should carefully analyze the options and conditions.

In addition, it is important that you take into account other expenses related to the mortgage. This will include home insurance, life insurance, notary and registry fees, and taxes. All these expenses will be added to the final amount of the mortgage. And should be taken into account when calculating the monthly payment you will have to make.

In any case, with the Lionsgate Capital Mortgage Calculator. You will get an estimate of the amount you will have to pay each month, both interest and principal amortization. In addition, you will be able to view a breakdown of additional mortgage-related expenses, such as those mentioned above.

## Final thoughts

In conclusion, if you are thinking of applying for a mortgage to buy a house in Spain. It is important that you know how to calculate it efficiently, to avoid unpleasant surprises in the future.

Lionsgate Capital’s Mortgage Calculator is a useful and reliable tool. This will help you get an accurate estimate of the amount you will have to pay monthly. Don’t hesitate to use it in your mortgage search process and find the best option for you.