Mortgage, taxes, costs and fees explained in four steps.
01 · Tax base and taxation
Property transfer tax (ITP)
We start from the advertised price. If you are considering an offer, enter the amount you would like to analyse here.
Borrower 1€2,320
Illes Balears: reduced-rate band up to €270,151 and current eligibility limit in Mallorca/Menorca of €331,860. Subject to legal eligibility requirements.
02 · Taxes, costs and fees
Transaction taxes and costs
Tax is recalculated using the stated tax base. Standard costs are fixed; only other costs can be edited.
ITP Illes Balears€2,320
Notary€1,500
Land Registry€750
Administrative services€750
Appraisal€700
Infinity Finance fees€5,000
Taxes, costs and fees€11,020
Purchase price€29,000
Total transaction cost€40,020
03 · Purchase structure
How much would you like to finance?
Enter your contribution in euros. We calculate financing against the total transaction cost, including taxes and costs.
Total transaction cost€40,020Purchase price + taxes, costs and fees
Financing as a share of the purchase price118 %
Mortgage principal€34,220
Indicative appraisal value€42,775Mortgage principal ÷ 0.80
04 · Mortgage simulation
Calculate your mortgage
Enter the interest rate and term to estimate your monthly repayment.
Indicative simulation based on current regulations and the information entered. Tax benefits require documentary verification by Infinity Finance and do not constitute a binding offer or definitive tax advice.