Euribor Mortgage Calculator
Calculate your mortgage payment with Euribor + spread and amortization schedule.
Monthly payment
€979.92
Total rate: 3.30% (Euribor 2.50% + 0.80%)
Principal
€200,000.00
Total interest
€93,976.94
Total paid
€293,976.94
Amortization table (first 12 months)
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | €979.92 | €429.92 | €550.00 | €199,570.08 |
| 2 | €979.92 | €431.11 | €548.82 | €199,138.97 |
| 3 | €979.92 | €432.29 | €547.63 | €198,706.68 |
| 4 | €979.92 | €433.48 | €546.44 | €198,273.20 |
| 5 | €979.92 | €434.67 | €545.25 | €197,838.53 |
| 6 | €979.92 | €435.87 | €544.06 | €197,402.66 |
| 7 | €979.92 | €437.07 | €542.86 | €196,965.60 |
| 8 | €979.92 | €438.27 | €541.66 | €196,527.33 |
| 9 | €979.92 | €439.47 | €540.45 | €196,087.86 |
| 10 | €979.92 | €440.68 | €539.24 | €195,647.17 |
| 11 | €979.92 | €441.89 | €538.03 | €195,205.28 |
| 12 | €979.92 | €443.11 | €536.81 | €194,762.17 |
Calculated with the French amortization system. The payment stays constant while Euribor does not change. On each review date, the payment is recalculated with the new Euribor.
Euribor mortgage calculator: monthly payment and amortization
Euribor (Euro Interbank Offered Rate) is the most widely used benchmark for variable-rate mortgages in Spain. Your interest rate consists of Euribor plus a fixed spread agreed with your bank. When Euribor rises or falls, your mortgage payment adjusts at the next review.
This calculator uses the French amortization system, the most common in Spain. Monthly payments remain constant (while the rate stays the same), but the proportion between principal and interest changes: initially you pay more interest, and over time you repay more principal.
The amortization table shows the first 12 months with principal, interest, and remaining balance breakdown. Total interest paid over the loan's lifetime is also calculated, helping you compare different mortgage offers and understand the real impact of the spread.
Frequently asked questions
What is Euribor and how does it affect my mortgage?
Euribor (Euro Interbank Offered Rate) is the interest rate at which European banks lend to each other. In variable-rate mortgages, your rate is Euribor + a fixed spread. When Euribor rises, your payment rises; when it falls, your payment falls.
What is the French amortization system?
It's the most common system in Spain. The monthly payment is fixed (while the rate remains unchanged), but initially you pay more interest and less principal. Over time, the proportion reverses.
How often is Euribor reviewed in my mortgage?
Usually every 6 or 12 months, as stipulated in your mortgage contract. The Euribor value from the month before the review is used.
What is a good spread on a variable-rate mortgage?
A spread of Euribor + 0.50% to 1.00% is considered good. The current average is between 0.70% and 1.20%. The lower the spread, the less interest you pay.