Madrid Property Purchase Cost & Tax Calculator
Calculating closing costs is a critical step in your Madrid property search. Taxes and administrative fees generally add between 8% and 12% to your total investment. Answer a few questions below to see exactly how much liquid cash you need to secure your home.
Optimize Financing
Enable if you have a strong financial profile to aim for an extra 10% bank leverage.
Pro Tip: Banks lend based on the lower of purchase price or bank valuation. Managing this valuation is critical to your down payment.
Total Cash on Hand Needed
€109,824
This is the liquid capital required to complete this purchase.
- Required Down Payment (20%)
- €80,000
- Taxes, Notary & Legal Fees
- €29,824
- Mortgage Financing (80% LTV)
- €320,000
- Total Value Secured
- €429,824
Secure your best result in Madrid
Knowing the numbers is just the start. Let’s establish a clear plan to navigate the market, optimize your financing, and secure the best possible deal for your new home.
Book a Strategy Call →For more details:
Read our in-depth guide on Decoding the Cost of Buying a Property in Madrid
Want the full roadmap? Read our Madrid Property Buying Checklist.
Expat Financial Tip
We strongly recommend opening a Spanish bank account with at least 10% of the expected purchase pricebefore you start making offers. This "Arras" deposit is required to take a property off the market and prove to the seller that you are a serious buyer.
Frequently asked questions