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Rent vs Buy Calculator

Compare the true cost of renting versus buying in La Línea over your planned stay. Adjust the numbers to match your situation.

Rent vs Buy Calculator

Compare the total cost of renting versus buying over your planned stay.

Monthly rent (€)

Property price (€)

Interest rate (%)

Deposit10% (€30,000)

5%30%

Years to stay5 years

1 year30 years

€0

Total cost renting (5yr)

€0

Total cost buying (5yr)

Buy cost breakdown

Monthly mortgage€4,912/mo

Deposit€30,000

Stamp duty (est. 8%)€9,000

Estimates only. Does not include maintenance, insurance, legal fees, or property appreciation. Speak to a mortgage advisor for accurate figures.

Methodology

The total renting cost is your monthly rent multiplied by the number of months you stay.

The total buying cost adds up: mortgage payments over the same period (standard annuity formula), your deposit, and an estimated 3% stamp duty / property transfer tax (ITP). This is a simplified model and does not include notary fees, agency commissions, maintenance, or insurance.

Frequently Asked Questions

How accurate is the mortgage calculation? +

The calculator uses the standard annuity mortgage formula and a 3% stamp duty estimate (ITP or similar). It does not account for maintenance, insurance, legal fees, notary costs, or property value changes. Use it for a broad indication, then consult a Spanish mortgage broker for real numbers.

Can foreigners get a mortgage in Spain? +

Yes. EU citizens and non-EU residents can get mortgages from Spanish banks, though non-residents typically face tighter terms (lower LTV, higher rates). Gibraltar residents working cross-border are generally treated as non-residents for mortgage purposes. Some UK banks also offer Spanish property mortgages.

How long does it take to break even buying vs renting in La Línea? +

It depends heavily on the deposit size, interest rate, and whether you expect rents to rise. In La Línea's current market, buyers often need 6–10 years to recover upfront costs versus renting. The lower property prices compared to Gibraltar mean the break-even can come earlier for large deposits.

Rent vs Buy Calculator