Banco Sabadell's Variable Mortgage¹

The flexibility of the variable mortgage

Calculate your mortgage

No arrangement fee¹ nor initial documentation

Shall we help you calculate your mixed, variable or fixed mortgage, the expenses and how much money we could lend you? Start by choosing where you are in the process:

Have you now found the house you want?

Yes, and I have it reserved (earnest money)

The result of this simulation will be advertising and indicative based on provisional data. To prepare it, we will base ourselves on current market conditions and on the data that you provide us through the next screens. If you want to apply for a mortgage once you see the result of your simulation, you should contact us for more information and receive your personalized offer.

Which is better for you, the discounted or non-discounted variable mortgage?

With complete freedom to decide if you want to direct deposit your salary and take out life, home and protection insurance with us¹.

Discounted variable mortgage²

Pay less on your monthly instalment for bringing your salary and your insurances²

1.90% ^{NIR 1st year}

4.01%^{APR Variable}

(Euríbor + 0.40% NIR the rest of the years)

If you direct debit your salary and you take out life, home and payment protection insurance, you will have discounts on your instalment.

Flexible monthly fee which is linked according to market fluctuations and the Euribor.

No arrangement fee.

Property registration and administration fees included, in accordance with the Real Estate Credit Law 5/2019.

Simulate your discounted mortgage

Make an appointment with an expert

Not discounted variable mortgage³

Without ties, contract only your mortgage³
x

2.90% ^{TIN 1st year}

4.30% ^{APR Variable}

(Euribor + 1.40% NIR the rest of the years)

Without direct deposit of your salary or taking out our life, home and payment protection insurance.

Flexible monthly fee which is linked according to market fluctuations and the Euribor.

No arrangement fee.

Property registration and administration fees included, in accordance with the Real Estate Credit Law 5/2019.

Simulate your mortgage without discounts

Make an appointment with an expert

SEPA charges and payments

FIPRE - Pre-contractual information sheet

We answer your most frequently asked questions

How much can my mortgage cover?

La hipoteca puede cubrir hasta el 80% del precio de la compraventa o del valor de la tasación (el menor de los dos) para la primera residencia. Para segundas residencias, hasta el 70%.

How much should my monthly mortgage expense be?

La cuota mensual no debería superar el 40% de tus ingresos totales.

What are the discounts and how can they benefit me?

En Banco Sabadell ofrecemos algunos servicios (bonificaciones) que ayudan a bajar el tipo de interés de tu hipoteca (TIN). Puedes contratar uno o varios, pero cuantos más contrates, menor será tu tipo de interés. Los servicios que se consideran bonificaciones son: la domiciliación de la nómina, la contratación del seguro de vida, el seguro del hogar y el seguro de protección de pagos.

What documentation do I need to submit to apply for my mortgage?

Tu documento de identidad (DNI/NIF).
Un justificante de otros ingresos, si los tienes (alquileres, comisiones, intereses de cuentas, horas extras, etc.).
Los últimos 2 recibos de tus pagos periódicos indicando los saldos pendientes (hipotecas, préstamos personales, créditos de tarjetas, pensiones compensatorias y alimenticias, pago de alquileres, otras deudas, etc.).
Histórico de tu vida laboral. Puedes pedirlo a través de la web de la Seguridad Social o llamando por teléfono al 901 502 050.
Si trabajas por cuenta ajena, presenta tu última declaración de la renta y tus 2 últimas nóminas/pensiones.
Si trabajas por cuenta propia, necesitarás la declaración de la renta de los últimos 2 años y los pagos trimestrales del IRPF y del IVA del año en curso.
Si no eres cliente de Banco Sabadell, necesitaremos un extracto bancario de los últimos 6 meses de la cuenta donde tengas tu día a día (nóminas, recibos principales, etc.).

Legal terms and conditions

1) Conditions valid until 01/07/2025.

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:

Where:
N = outstanding principal of the loan
i = nominal interest expressed as so much per one
p = amortization periods in one year
t = number of years of the amortization period outstanding

Formula for calculating the part corresponding to interest of the installment:

Where:
N = outstanding principal of the loan
i = nominal interest expressed as so much per one
p = amortization periods in one year

In the representative examples, to calculate the installment in the subsidized variable mortgage we would substitute "N" for 150,000 (initial capital of the mortgage), "i" for 0.019 (nominal annual interest rate divided by 100), "p" for 12 (number of installments to be paid per year) and "t" for 30 (number of years), obtaining an installment of 546.96 € to be paid each month.
In the above example, the interest portion of the installment is calculated by substituting "N" for 150,000 (initial mortgage principal), "i" for 0.019 (nominal annual interest rate divided by 100) and "p" for 12 (number of amortization periods in a year), resulting in an amount of €237.50 corresponding to the interest on the first month's installment. The remaining amount of the installment, after deducting the interest portion, is what is used for capital amortization.

In the representative examples, to calculate the installment in the non-subsidized variable mortgage we would substitute "N" for 150,000 (initial capital of the mortgage), "i" for 0.029 (nominal annual interest rate divided by 100), "p" for 12 (number of installments to be paid per year) and "t" for 30 (number of years), obtaining an installment of 624.34 € to be paid each month.
In the above example, the interest portion of the installment is calculated by substituting "N" for 150,000 (initial mortgage principal), "i" for 0.029 (nominal annual interest rate divided by 100) and "p" for 12 (number of amortization periods in a year), resulting in an amount of €362.50 corresponding to the interest on the first month's installment. The remaining amount of the installment, after deducting the interest portion, is what is used for capital amortization.

Amortization system and formula for calculating principal and interest amortization:

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.

Representative examples:

VARIABLE MORTGAGE

The current reference rate is the 1-year Euribor for the month of November 2024 published by the Bank of Spain on December 2, 2024: 2.506%.

The variable APR of the following examples has been calculated under the assumption that the reference rates do not vary, therefore, this variable APR will vary with the revisions of the interest rate, the amortization term and the amount financed, and its revision will be every six months from the second year onwards.

In the event that the fixed interest rate applicable during the first year is higher than that resulting from the sum of the agreed differential and the reference index in force on the date of contracting, this fixed interest rate will be used to calculate the variable APR for the entire life of the transaction.

2) BONUS VARIABLE MORTGAGE

1.90% NIR the first year, Euribor +0.40% NIR the rest of the years.
4.01% variable APR.
Term: 30 years (for other repayment periods, consult your branch).
Instalments: 12 instalments of €546.96 /month. 622.42 instalments of €623.85/month and a final instalment of €625.20.
Total amount of the mortgage loan: Mortgage amount: €150,000.
Total cost of the mortgage: € 106,663.53 (€73,167.11 in interest).
Total amount payable: €256,663.53.
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.

What is included in the calculation of the variable APR?

Origination fee: €0 (0%).
Total amount of interest on the subsidized variable mortgage: €73,167.11 .
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.

There will be a six-monthly review of the contracting of the products to which the applicable interest rate is conditioned in the case of contracting the mortgage with a bonus.

3) VARIABLE MORTGAGE NOT SUBSIDIZED

2.90% NIR the first year, Euribor +1.40% NIR the rest of the years.
4.30% variable APR.
Term: 30 years (for other repayment periods, consult your branch).
Instalments: 12 instalments of €624.34 /month. 347 instalments of € 705.62 /month and a final instalment of €704.85 .
Total amount of the mortgage loan: €150,000.
Total cost of the mortgage: €115,251.59 (€103,047.07 in interest).
Total amount payable: €265,251.59.

What is included in the calculation of the variable APR?

Origination fee: 0 € (0%).
Total amount of mortgage interest: 103,047.07 €.
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 €.

Differences between combined and separate product offerings:

The offer of combined or separate products will affect the costs I and the early cancellation II of the loan or its combined products.

I) Costs. The cost of taking out the Home Protection, Constant Capital Life and Total Payment Protection insurance is independent from taking out the loan, so it has the same cost as if it was taken out individually.
II) Effects of early cancellation of the loan or any of the combined products. The effects that the early cancellation of the loan or any of the combined products would produce on the joint cost of the loan and the rest of the combined products or services will form part of the personalized information that will be provided through the European Standardized Information Sheet (FEIN).

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.

Insurance mediated by BanSabadell Mediación, Banking-Insurance Operator Linked to the Banco Sabadell, S.A. Group, NIF A-03424223, with address at avda. Óscar Esplá, 37, 03007 Alicante, registered in the Mercantile Registry of Alicante and in the Special Administrative Register of Insurance Brokers of the DGSyFP with code number OV-0004, having subscribed civil liability insurance in accordance with the provisions of the private insurance and reinsurance distribution regulations in force at all times. You can check the insurance companies with which BanSabadell Mediación has entered into an insurance agency contract on the web www.bancosabadell.com/bsmediacion. Consult here the information of the Insurance Mediator.
In the representative examples, to calculate the installment in the subsidized variable mortgage we would substitute "N" for 150,000 (initial capital of the mortgage), "i" for 0.0 (nominal annual interest rate divided by 100), "p" for 12 (number of installments to be paid per year) and "t" for 30 (number of years), obtaining an installment of 632.41 € to be paid each month.
In the above example, the interest portion of the installment is calculated by substituting "N" for 150,000 (initial mortgage principal), "i" for 0,0215 (nominal annual interest rate divided by 100) and "p" for 12 (number of amortization periods in a year), resulting in an amount of €375 corresponding to the interest on the first month's installment. The remaining amount of the installment, after deducting the interest portion, is what is used for capital amortization.

In the representative examples, to calculate the installment in the non-subsidized variable mortgage we would substitute "N" for 150,000 (initial capital of the mortgage), "i" for 0.0315 (nominal annual interest rate divided by 100), "p" for 12 (number of installments to be paid per year) and "t" for 30 (number of years), obtaining an installment of 632.41 € to be paid each month.
In the above example, the interest portion of the installment is calculated by substituting "N" for 150,000 (initial mortgage principal), "i" for 0.03 (nominal annual interest rate divided by 100) and "p" for 12 (number of amortization periods in a year), resulting in an amount of €375 corresponding to the interest on the first month's installment. The remaining amount of the installment, after deducting the interest portion, is what is used for capital amortization.

Amortization system and formula for calculating principal and interest amortization:

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.

Representative examples:

VARIABLE MORTGAGE

The current reference rate is the 1-year Euribor for the month of October 2024 published by the Bank of Spain on November 5, 2024: 2.691%.

The variable APR of the following examples has been calculated under the assumption that the reference rates do not vary, therefore, this variable APR will vary with the revisions of the interest rate, the amortization term and the amount financed, and its revision will be every six months from the second year onwards.

In the event that the fixed interest rate applicable during the first year is higher than that resulting from the sum of the agreed differential and the reference index in force on the date of contracting, this fixed interest rate will be used to calculate the variable APR for the entire life of the transaction.

2) BONUS VARIABLE MORTGAGE

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.

What is included in the calculation of the variable APR?

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.

There will be a six-monthly review of the contracting of the products to which the applicable interest rate is conditioned in the case of contracting the mortgage with a bonus.

3) VARIABLE MORTGAGE NOT SUBSIDIZED

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.

What is included in the calculation of the variable APR?

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 €.

Differences between combined and separate product offerings:

The offer of combined or separate products will affect the costs I and the early cancellation II of the loan or its combined products.

I) Costs. The cost of taking out the Home Protection, Constant Capital Life and Total Payment Protection insurance is independent from taking out the loan, so it has the same cost as if it was taken out individually.
II) Effects of early cancellation of the loan or any of the combined products. The effects that the early cancellation of the loan or any of the combined products would produce on the joint cost of the loan and the rest of the combined products or services will form part of the personalized information that will be provided through the European Standardized Information Sheet (FEIN).

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.

Insurance mediated by BanSabadell Mediación, Banking-Insurance Operator Linked to the Banco Sabadell, S.A. Group, NIF A-03424223, with address at avda. Óscar Esplá, 37, 03007 Alicante, registered in the Mercantile Registry of Alicante and in the Special Administrative Register of Insurance Brokers of the DGSyFP with code number OV-0004, having subscribed civil liability insurance in accordance with the provisions of the private insurance and reinsurance distribution regulations in force at all times. You can check the insurance companies with which BanSabadell Mediación has entered into an insurance agency contract on the web www.bancosabadell.com/bsmediacion. Consult here the information of the Insurance Mediator.

Home

Mortgages

Variable mortgage

Banco Sabadell's Variable Mortgage1

The flexibility of the variable mortgage

Compare Banc Sabadell mortgages and find out which one suits you best

Shall we help you calculate your mixed, variable or fixed mortgage, the expenses and how much money we could lend you? Start by choosing where you are in the process: Have you now found the house you want?

Monthly flexible instalment

A variable rate mortgage that adapts to the changes in the Euribor

Variable Mortgage tailored to your needs

Improve your variable interest rate and make your mortgage more competitive

With an expert at your side

We will help you to take out a variable mortgage to suit your needs

Which is better for you, the discounted or non-discounted variable mortgage?

Discounted variable mortgage2

Not discounted variable mortgage3

Why take out a variable interest rate mortgage with Banco Sabadell?

Application online or at a branch

Personalised mortgage

Advised by our experts

No arrangement fee1

Application online or at a branch

Personalised mortgage

Advised by our experts

No arrangement fee1

Your variable mortgage in just 4 steps

Do you know the new Mixed Mortgage from Banco Sabadell?

Discover other mortgages from Banco Sabadell

Mixed mortgage

Fixed-rate Mortgage

Green Mortgage

Non-resident Mortgage

Self-promotion Mortgage

Do you want to switch your mortgage?

The advantages of digital banking with the best of an expert bank

We answer your most frequently asked questions

How much can my mortgage cover?

How much should my monthly mortgage expense be?

What are the discounts and how can they benefit me?

What documentation do I need to submit to apply for my mortgage?

Do you have any questions? We're here to help you

Branches and ATMs

Virtual Assistant

Contact us

Customer Service

Banco Sabadell's Variable Mortgage¹

Compare Banc Sabadell mortgages and find
out which one suits you best

Shall we help you calculate your mixed, variable or fixed mortgage, the expenses and how much money we could lend you? Start by choosing where you are in the process:

Have you now found the house you want?

Discounted variable mortgage²

Not discounted variable mortgage³

No arrangement fee¹

No arrangement fee¹