How much mortgage can you borrow based on your salary? A guide with real-life examples.

Buying a home is one of the most important decisions you'll make in your life. That's why one of the first questions that comes up is: How much mortgage can you borrow based on your salary and financial situation? In this guide from aFinance, as mortgage brokerage experts, we explain with real-world examples what you can expect and how to calculate your mortgage quickly and easily.
 

How much mortgage can you borrow based on your salary and financial profile? What's the maximum recommended monthly payment?

Most banks recommend that your monthly mortgage payment should not exceed 35% of your net income. This limit helps you determine how much mortgage you can borrow based on your salary, while maintaining comfortable and sustainable repayment terms.

Below are some clear and indicative examples that can help you get an initial idea of ​​how much you can borrow for a mortgage based on your household income. These are approximate figures, as each case will depend on your financial profile, the interest rate applied, and market conditions at the time of application:

If you're wondering how much mortgage you can borrow based on your salary and which terms best suit your needs, we're here to help. We analyze all the factors that influence mortgage approval and send you a free, no-obligation personalized mortgage study so you can make informed decisions with complete peace of mind.

REQUEST MY FREE PERSONAL STUDY

Factors that determine how much you can get as a mortgage

Your salary is a key factor, but not the only one. Financial institutions also consider other important aspects to determine how much mortgage they can grant you. These are some of the most important factors that influence the amount you can obtain:

• Type of contract and seniority: indefinite contracts with a certain stability provide greater security to the entity.
• Credit history: if you have paid your previous debts and are not listed in defaulter databases, your profile improves.
• Current debt level: the lower your monthly debt (credits, loans, etc.), the more capacity you will have to take on a new mortgage.
• Available savings: ideally you should have at least 10% of the property value to cover the down payment, plus extra for expenses associated with the purchase (notary, taxes, appraisal...).

To increase your chances of getting a higher mortgage or one with better terms, keep the above points in mind; you'll improve your risk profile and open the door to more favorable financing.

Mortgage types

There are different types of mortgages you can access depending on your financial profile, income, and risk tolerance. Below, we explain the main options:

• Fixed Mortgage: You always pay the same installment throughout the life of the loan, without surprises or changes due to the Euribor.
   
• Variable Mortgage: The payment varies according to the Euribor, which may make it cheaper at the beginning, but less predictable in the long term.
   
• Mixed Mortgage: Combines a fixed rate during the first few years with a variable rate afterwards, seeking a balance between stability and savings.

At aFinance, thanks to our agreements with leading banks, we find the best offers tailored to your needs, helping you to obtain up to 100% financing.

How to calculate your mortgage easily and quickly?

Thanks to our mortgage simulator you can calculate your monthly payment and your financing capacity:

SIMULATE MY MORTGAGE HERE

How much will I pay per month for my mortgage?

Remember that you can reduce the payment by extending the term, making a larger down payment, or negotiating better terms.

Frequently asked questions

Which type of mortgage is best: fixed, variable or mixed in 2025?

It depends on the economic climate and your risk tolerance. Fixed-rate mortgages offer stability; variable-rate mortgages can be cheaper, but they are more volatile. Currently, the hybrid mortgage is one of the most popular among our clients.

How to apply for a mortgage if you are self-employed?

Banks need to verify that you have a stable and sufficient income to cover the monthly mortgage payment. Therefore, if you want to apply for a mortgage as a self-employed individual, it's important to prepare your financial profile thoroughly by providing all the necessary documentation (quarterly tax returns, income tax returns) to prove your income.

As you can see, depending on your salary, financial profile, and other key factors, you can access a mortgage better suited to your needs with the right support. At aFinance, we guide you through the entire process, from the initial assessment to signing at the notary's office, working to secure better terms than if you went directly to your bank.

REQUEST YOUR FREE STUDY AND FIND YOUR BEST MORTGAGE