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What’s the maximum home price I can afford in Portugal?
Find out how far you can go with your income and savings, already including taxes and purchase costs.- Credit intermediary and insurance agent registered with BdP and ASF
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Three questions to see how far you can go
€/month
Add up the net salary of everyone applying for the Mortgage.€
Include the money you have for the down payment, taxes, and the deed.years
Age sets the maximum Mortgage term.How we calculate
We start from your income and your savings to reach the maximum home price that makes sense.The maximum monthly payment
We apply the maximum effort rate to your net income, after your other loans. We test the payment with the stressed rate, as banks do.Regulatory rule · Recomendação Macroprudencial do Banco de PortugalThe maximum loan
We turn that payment into capital, over the maximum term for your age.Regulatory ruleThe maximum price
The bank finances up to a percentage of the value. Your savings have to cover the rest, plus IMT, Stamp Duty and the deed. If you are 35 or under, we also show the effect of the public guarantee.Legal rule · DL n.º 44/2024
Myths
- Depends“If I pay X in rent, I can afford an equal monthly payment.”The bank tests the payment with a stressed rate and counts your other loans. On top of that, you need the down payment and the purchase taxes.What to do: simulate with all your loans and with the stressed rate.Source: Recomendação Macroprudencial do Banco de Portugal.
- Myth“I only need to save up the down payment.”You also pay IMT, Stamp Duty, the deed and registrations, and often a deposit on the promissory contract.What to do: add these costs to the down payment before you start looking for a home.Source: CIMT, art.º 17.º; Tabela Geral do Imposto do Selo.
- Depends“The longer the term, the better.”The payment goes down, but you pay more interest in total. The maximum term depends on your age.What to do: compare the total interest over two different terms.Source: Recomendação Macroprudencial do Banco de Portugal.
The next step
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A CrediSegur manager follows your request with the institutions we work with. Our intermediation service has no cost for you.Frequently asked questions
It is the highest price you can afford while respecting two rules: the monthly payment fits within 45% of your income, which Banco de Portugal recommends to banks as the maximum, and your savings are enough for the down payment and the costs. The decision is always up to the bank.
Because what limits you may be your savings, not your income. For a home to live in, the bank lends up to 90% of the price; the rest, plus taxes and purchase costs, comes out of your savings.If your savings are not enough for a more expensive home, earning more does not let you go further: only more savings do. The result tells you which of the two is limiting you.
It is the share of your net income that goes to loan payments. Banco de Portugal recommends that banks use a maximum of 45%, calculated with the stressed rate: they add 0.5, 1, or 1.5 points, depending on the term, to test whether you can handle an increase. With a fixed rate, there is no stress add-on.At the maximum value, the monthly payment reaches that maximum. The further below it you stay, the more room you have in your budget.
It is what the people applying for the credit receive per month, after taxes and deductions: salaries, pensions, self-employment income or rents that repeat throughout the year.One-off bonuses, inheritances or sales do not count. If you receive vacation and Christmas bonuses, use the monthly average over the year.
Because banks usually require the mortgage to end by the time the oldest borrower turns 75. Banco de Portugal’s recommendation limits the term to 40 years up to 35 years of age and to 35 years from then on; with the 75-year practice, after 40 the term shortens by one year for each year of age.With a shorter term, the monthly payment for each euro borrowed goes up, so the bank lends you less for the same income.
It is a State guarantee for those buying their first home to live in and who are up to 35 years old. With it, the bank can lend up to 100% of the price, so your savings only need to cover taxes and costs. In the same purchase, you may also have IMT Jovem if you are not a dependent for IRS purposes and have not owned a home in the last three years.The bank decides case by case. In “In detail”, you can turn the public guarantee on or off.