Mortgage Payment Calculator for Property in Lisbon, Portugal
Dreaming of a home in Lisbon but unsure about the financing? Find out what you can afford. Use our free mortgage calculator to instantly estimate your monthly payments for a property in Portugal.
This tool is designed for both Portuguese residents and non-resident international buyers, helping you get a clear breakdown of principal, interest, and total loan costs.
Portuguese Mortgage Calculator
Calculate your monthly mortgage payments and understand the total cost of financing your Portuguese property purchase.
Mortgage Details
20.0% of property value
LTV: 80.0% (calculated automatically)
Quick Rate Presets
Payment Summary
Loan Summary
Total Costs
Amortization Preview
Portuguese Mortgage Information
🏠 LTV Requirements
- • Residents: Up to 80-90% LTV
- • Non-residents: 60-75% LTV
- • Investment properties: 70-80% LTV
- • New construction: 80-85% LTV
💡 Mortgage Tips
- • Compare rates from multiple banks
- • Consider fixed vs variable rates
- • Factor in all closing costs
- • Get pre-approval before property search
📊 Rate Comparison
Stable payments, higher initial rates
Lower initial rates, payment fluctuations
Combination of fixed and variable periods
Disclaimer: This calculator provides an estimate for informational purposes only and is not a formal loan offer. Rates and LTV ratios are illustrative. We strongly recommend consulting a certified mortgage broker for precise figures and personalized advice.
Understanding Your Mortgage Results
Your calculation provides a detailed snapshot of your potential loan. Here's what the key terms mean for you:
A Guide to the Portuguese Mortgage Market for International Buyers
Financing a property in Portugal has unique requirements, especially for non-residents. Here's what you need to know.
Portuguese Mortgage Types
Your interest rate is locked for the entire loan term (or a set period, e.g., 5-10 years). This offers predictable payments and is excellent for budgeting.
Your rate is tied to the Euribor (Euro Interbank Offered Rate) plus a bank margin. Your payments will fluctuate with market conditions. It often starts lower but carries more risk.
A hybrid approach. You get a fixed rate for an initial period (e.g., 2, 5, or 10 years) and then switch to a variable rate.
Key Mortgage Requirements for Non-Residents
Getting a mortgage in Portugal as a foreigner is very common, but you must be prepared.
Get Your NIF (Número de Identificação Fiscal)
You cannot buy property or get a mortgage in Portugal without this tax identification number.
Affordability & DTI (Debt-to-Income)
Banks will assess your DTI ratio (or taxa de esforço). Your total existing debts (including this new mortgage) should generally not exceed 30-35% of your monthly income.
Required Documents
Be prepared to provide:
- • Passport and NIF
- • Proof of income (e.g., last 3-6 months of payslips, annual tax returns for the last 1-2 years)
- • Bank statements (last 3-6 months) from your home country
- • A credit report from your home country
Other Costs to Consider
Your mortgage covers the loan, but not the acquisition costs. These additional fees can add 6-10% to your purchase price.
Use Our Property Acquisition Costs CalculatorPortuguese Mortgage Market Overview
Understanding mortgage rates, terms, and requirements in Portugal
Interest Rates (2025)
Fixed rates: 3.5-4.5%, Variable rates: 2.8-3.8%, Mixed rates: 3.0-4.0% for the first 2-5 years.
Loan Terms
Maximum term: 40 years for residents, 30 years for non-residents. Typical terms: 25-35 years for most borrowers.
LTV Ratios
Portuguese residents: up to 90%, EU citizens: 70-80%, Non-EU citizens: 70% (some banks offer 80% for strong profiles).
Income Requirements
Debt-to-income ratio maximum 35%. Income must be documented with payslips, tax returns, and bank statements.
Required Documents
ID, income proof, bank statements, employment contract, property valuation, and insurance quotes.
Processing Time
Typical approval time: 2-4 weeks for residents, 4-8 weeks for non-residents. Full process: 6-12 weeks including property purchase.
Frequently Asked Questions
Common questions about Portuguese mortgages
As of Q4 2025, current mortgage rates in Portugal range from 2.5% to 5.0% depending on the bank, loan term, and borrower profile. Fixed rates are typically 0.5-1% higher than variable rates. Variable rates are tied to the Euribor plus a bank margin (spread).
Most Portuguese banks will lend 60-70% of the property's purchase price (or valuation, whichever is lower) to non-EU residents, meaning you need a 30-40% down payment. EU residents may be able to borrow up to 80%. Your borrowing capacity also depends on your income, credit history, and debt-to-income ratio.
Terms typically range up to 30 years for most borrowers. However, banks have an age limit, meaning the loan must usually be fully paid by the time you are 75 years old. Some banks may offer longer terms for residents.
This depends on your risk tolerance and financial planning. A fixed rate offers stability and predictable payments, which is often preferred by international buyers for a second home or investment property. A variable rate may be cheaper initially but can increase with market conditions. We recommend discussing this with a mortgage broker who understands your specific situation.
Besides the property acquisition taxes (IMT, Stamp Duty), the mortgage itself has fees. These include a bank arrangement fee (typically 0.5-1% of the loan), a property valuation fee (€300-600), and mandatory life insurance (which is tied to the mortgage and costs vary by age and health). Budget an additional 1-2% of the loan amount for these mortgage-specific costs.
Ready to Start Your Property Journey?
Now that you have an estimate, let's make your Lisbon property dream a reality.
Find a Verified Mortgage Broker
Connect with our network of English-speaking mortgage specialists who work with non-residents every day. They can secure the best rates for you.
Browse Properties in Your Budget
Use your mortgage estimate to explore homes in Lisbon you can comfortably afford.
