5 keys to calculate a fixed mortgage this 2022

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Before applying for a mortgage, it is important to do a preliminary study comparing the different options on the market and calculating how much you will have to pay. We know that it can be complicated, that is why today we will focus on how to calculate a fixed mortgage in.

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One of the advantages when calculating a fixed mortgage is that it remains stable throughout the loan, so it will be easier to calculate the interest and fees that you will pay throughout the mortgage.

How does a fixed mortgage work?
The fixed rate mortgage loan is the most stable and is designed for those who have good economic and job stability and seek minimal risks when taking out the mortgage.

The big difference with a variable is that it is not referenced to an index such Chinese Overseas America Number Data as the Euribor , so the monthly payment will be the same throughout the life of the loan.

This type of loan is usually more expensive than the variable one, since as it is not referenced to the Euribor, it will not benefit from drops in the index either. Normally, the interests are usually higher, although they increasingly offer better conditions for fixed-rate mortgages, with interests below 2% . Also, keep in mind that the repayment period is usually lower, which is why the installments are higher.


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5 keys to calculating a fixed mortgage
Now that you know how a fixed mortgage works , let's look at the 5 keys to calculating it:

Purchase and mortgage expenses.
The purchase and sale expenses usually range between 10-12% of the value of the property, it is important that you have this amount saved before applying for the mortgage. On the other hand, there are the loan expenses, after the latest rulings of the Supreme Court, they have been reduced to the opening commission and only if it is justified .

calculate fixed mortgage

Linked products
Keep in mind that if you want to have a mortgage with good conditions, both in interest and repayment period, you will most likely have to contract linked products.



Currently, after the New Mortgage Law, it cannot be a mandatory condition to contract the loan, but they can be offered to you to get better conditions.

Once you know what products they offer and their cost, it is important that you calculate what the loan will allow you to save to see if it is really worth hiring them.

TIN and APR
It is very important that you pay attention to these two concepts, this is what will tell you how much you are going to pay for the loan. The advantage of the fixed mortgage is that it will allow you to see both the APR and the TIN more accurately, since there are no fluctuations in the installments.