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Purpose of our mortgage calculator
This simulator has 2 main objectives:
Allowing you to estimate your borrowing capacity according to the interest rates and the monthly repayment you want.
Allowing you to calculate your monthly repayments according to the amount of mortgage and interest rate.
If you would like a more precise study of your borrowing capacity and costs according to your situation, contact one of our CAFIMO brokers.
How do I use the mortgage repayment calculator?
It couldn't be simpler. To simulate a mortgage in Portugal, all you need to know is how much you want to pay each month for your mortgage or how much you want to borrow. To find out what rate to use, you can use our forecast of interest rates in Portugal, available directly here.
The loan is then calculated automatically. This will give you a clearer idea of the characteristics of your loan.
Access a more accurate and personalized Portuguese mortgage calculator
For a more detailed simulation, you can use our enhanced calculator. This will allow you to specify your needs according to your situation. You can determine:
The type of loan
The amount of your project
The down payment
The type of interest rate: fixed, variable or mixed
The term of the loan
The information you enter is confidential and will enable us to give you a more precise result. You can then be contacted by one of our mortgage brokers.
Our brokers will support you from your simulation to the deed
Adelaide Ventura
Accounting B-Office
Felipe Munhoz
Insurance Broker
Maria De Magalhaes
Founder
Greg Artur Pereira
General Manager
Célia Trindade
Mortgage Broker
Romain Palluel
Mortgage Broker
Jessica Arnaud
Mortgage Broker
Diogo Calado
Mortgage Broker
Johanna Attal
Mortgage Broker
Katia Dufrennes Rodrigues
Mortgage Broker
Dinarte Clemente
Mortgage Broker
Frequently asked questions
How much can I borrow for a mortgage in Portugal?
In Portugal, you can typically borrow up to 80%-90% of the property's value, depending on your financial status and the lender's terms.
Should I choose a variable rate, fixed rate or a mixed rate?
Choose a variable rate for lower initial payments, a fixed rate for consistent payments, or a mixed rate for a combination of both stability and flexibility.
How much deposit do you need for a mortgage in Portugal?
You generally need a minimum deposit of 10%-20% of the property's purchase price for a mortgage in Portugal.
What documents do I need to get a mortgage?
Required documents for a mortgage are:
- ID or passport
- Tax Identification Number in Portugal - NIF: essential
- Employment contract
- Last tax return
- Last 3 pay slips
- Last 3 bank statements
- Proof of capital contribution
- Credit report or document from your country's central bank
- Existing credit agreements
- Land tax if you already own property
- Documentation on the property you are buying:
1. Caderneta Predial e Urbana
2. Certidão permanente
3. Plan
If you are self-employed, you will need to provide the bank with more information, especially about your financial stability:
- Last 6 months of bank statements
- Invoices for the last 6 months
- If possible, your company's last 3 balance sheets
Why is CAFIMO’s service free?
By referring a customer to our financial partners, CAFIMO receives a commission. This makes the process totally transparent for the customer