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Portugal Mortgage Calculator

You can use our Portugal Mortgage calculator to give you an overview of how much you would pay to buy your property in Portugal. There are two main mortgage types available to you, the Interest Only Mortgage and the Capital Repayment Mortgage. Here are the key differences between the two:

What is an Interest Only Mortgage?

With an interest only mortgage, your monthly payments only cover the interest payable on your loan. Payments do not go towards paying off the principal amount borrowed. You should therefore make alternative arrangements such as an investment or savings plan to pay off the principal amount borrowed at the end of your mortgage term.

This type of mortgage is often preferred by property investors and those who intend to sell their property, since the proceeds of the sale can be used to pay off the principal amount borrowed and because repayments are cheaper when compared to capital repayment mortgage payments. However, if you wish to pay off the cost of your property "as you go" you should consider a Capital Repayment Mortgage.

What is a Capital Repayment Mortgage?

With a capital repayment mortgage, your monthly payment will consist of a portion of interest and capital on your loan. By the end of the agreed term, you will have paid off the principal amount, provided all repayments are made when due.

NOTE: Interest only mortgages are currently unavailable in Portugal. We will update you as this situation changes.

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