Banco Sabadell's Variable Mortgage¹

1) Conditions valid until 12/05/2024.

Offer valid only for individuals (without business purpose) residing in Spain, with the exception of the Autonomous Community of Andalusia, who have income and assets only in euros.

For a home transaction to be formalized or concluded in the Autonomous Community of Andalusia, please consult your branch for the existing special offer.

The interest rate conditions, the granting of the loan, its amount and the repayment period for each transaction requested will be subject to the bank’s risk analysis.

Representative examples in accordance with the provisions of the applicable legal regulations. In particular, in loan contracts subject to the scope of application of Law 5/2019, of March 15, 2009, regulating real estate credit contracts, the representative example will be determined in accordance with the criteria established in letter d) of article 4.5 of Order EHA/1718/2010, of June 11.
The mortgage may cover up to 80% of the purchase price or the appraised value (whichever is lower) for first residences. For second residences the mortgage can cover up to 70%.

Installment and interest calculation formulas:

Formula for calculating monthly payments:

Calculation of the monthly fee:

• The French amortization system is used to calculate the installment to be paid, which is characterized as a system of constant installments. That is to say, the same amount is paid every month, provided that the interest rate applicable to the transaction does not vary during the settlement period, or that no early amortizations are made.
• The mortgage installment is composed of a part of interest and a part of amortization of the total amount of the loan. Since the installment to be paid is constant, as the outstanding principal of the mortgage is reduced, the interest generated on this principal is lower. Therefore, during the first years of the mortgage, a greater amount of interest is paid than principal and during the final period of the loan, more principal is paid and less interest is paid.

• 2.00% NIR the first year, Euribor +0.40% NIR the rest of the years. 
• 4.18% variable APR. 
• Term: 30 years (for other repayment periods, consult your branch). 
• Instalments: 12 instalments of €554.43 /month. 347 instalments of €637.17/month and a final instalment of €636.29. 
• Total amount of the mortgage loan: Mortgage amount: €150,000. 
• Total cost of the mortgage: €111,883.86 (€78,387.44 in interest). 
• Total amount payable: €261,883.86. 
• Maximum discounted: direct deposit of salary or pension taking out associated insurance: Constant Capital Life Protection Insurance, Home Protection Insurance and Total Payment Protection Insurance with Banco Sabadell. 

• Origination fee: €0 (0%).
• Total amount of interest on the subsidized variable mortgage: €78,387.44 . 
• Contracting a Sabadell Account: 60 €/quarter.
• Home Protection Insurance: the cost for contracting this insurance, which includes damage coverage through Banco Sabadell, is 12.99 €/month. The cost of this insurance will vary depending on the time of contracting and, among other factors, on the characteristics of the property to be mortgaged, the insured capital and the guarantees contracted. The amount shown is merely indicative, taking as an example a mortgage loan whose capital amounts to 150,000 € and for a building of 100,00.00 € whose type of property is an intermediate apartment with a surface area of 100 m2 built.
• Constant capital life insurance with a quarterly premium to be maintained throughout the life of the mortgage: 63.38 €/quarter (example for a 30 year old man).
• Total Payment Protection Insurance with an annual premium to be maintained throughout the life of the mortgage: €456.21/year for the discounted variable mortgage. With coverage of 100% of the mortgage payment in the event of unemployment or sick leave.
• Registry verification costs: €25.41.
• Appraisal costs: €302.71.

• 3.00% NIR the first year, Euribor +1.40% NIR the rest of the years. 
• 4.48% variable APR. 
• Term: 30 years (for other repayment periods, consult your branch). 
• Instalments: 12 instalments of €632.41 /month. 347 instalments of € 721.40 /month and a final instalment of €723.52 . 
• Total amount of the mortgage loan: €150,000. 
• Total cost of the mortgage: €120,842.76 (€108,638.24 in interest). 
• Total amount payable: €270,842.76. 

• Origination fee: 0 € (0%).
• Total amount of mortgage interest: 108,638.24 €. 
• Contracting a Sabadell Account: 60 €/quarter.
• Mandatory damage insurance during the whole life of the mortgage (it is not necessary to contract it with Banco Sabadell): Banco Sabadell does not market an insurance that only includes damage coverage, therefore the APR calculation has been made taking into account the premium resulting from simulating Banco Sabadell's Home Protection insurance (which includes damage coverage) whose cost has been estimated at 12.99 €/month. The cost of this insurance will vary depending on the time of contracting and, among other factors, on the characteristics of the property to be mortgaged, the insured capital and the guarantees contracted. The amount shown is merely indicative taking as an example a mortgage loan whose capital amounts to 150,000 € and for a building of 100,000.00 € whose type of property is an intermediate apartment with a surface area of 100 m2 built.
• Costs of registry verification: 25.41 €.
• Appraisal costs: 302.71 €.

• Home Protection and Total Payment Protection are insurance policies of BanSabadell Seguros Generales, S.A. de Seguros y Reaseguros, with NIF A64194590 and address at Calle Isabel Colbrand, 22, 28050 Madrid, registered in the Mercantile Registry of Madrid and in the Registry of Insurance Entities of the DGSyFP with code number C-0767.
• Protección Vida Capital Constante are insurance policies of BanSabadell Vida, Sociedad Anónima de Seguros y Reaseguros, with NIF A08371908 and address at Calle Isabel Colbrand, 22, 28050 Madrid, registered in the Mercantile Registry of Madrid and in the Registry of Insurance Entities of the DGSyFP with code no. C-0557.