CasaFácil Fijo 20 Mortgage

With CasaFácil Fijo 20* you will enjoy your new home with the peace of mind of knowing that your mortgage payment will be the same every month.

• With maximum subsidy: 2.40% NIR; 3.940% APR (maximum discount of 1.00%)
  • Possibility of subsidised payment: Depending on the optional products you have taken out
  • No discount: 3.40% NIR; 3.900% APR
  • You can request up to 80% of the value of the guarantee, which will be the lower of the appraisal value and the purchase price of the property, provided it is the main home.
  • The maximum term is 20 years (the term of the transaction plus the age of the youngest account holder must not exceed 75 years)
• No fees: CasaFácil does not apply a start-up fee
• Flat rate: Fixed monthly payments without the risk of an increase due to changes in the interest rate
• Greater control of your family budget: Knowing the monthly payment in advance allows you to manage your family finances better

* Legal terms and conditions

Financial conditions for the purchase of a second home with mortgage guarantee, taking into account the following representative example:

1. DISCOUNTED APR: if all the discount conditions are met, based on the assumption that you can opt for the maximum discount: (i) Amount: €150,000; (ii) maximum term: 20 years; (iii) arrangement fee 0%; (iv) interest rate: fixed; Discounted NIR: 2.40%; (v) Discounted APR: 3.940 (vi) monthly payment: €787.57; (vii) number of payments: 240; (viii) total amount payable (including expenses): €215,329,61; (ix) total cost of the loan: €65,329,61; (x) interest: €39,016.11. French amortisation system¹.

2. NON-DISCOUNTED APR: if the discount conditions are not met: (i) Amount: €150,000; (ii) maximum term: 20 years; (iii) opening fee: 0%; (iv) interest rate: fixed; NIR: 3.40%; (v) AER: 3.900%, (vi) monthly payment: 862.25 euros; (vii) number of payments: 240; (viii) total amount payable (including expenses): 214,734.45 euros; (ix) total cost of the loan: 64,734.45 euros; (x) interest: 56,940.35 euros. French amortisation system¹.

The APR may vary depending on the term and the amount of the operation, as well as the monthly reviews of compliance with the discount conditions.

Common Terms and Conditions for the discounted APR and the non-discounted APR:

a) Financial: commission for reimbursement or full or partial early repayment that cannot exceed the amount of the financial loss suffered by CaixaBank with a limit of 2% of the capital repaid during the first 10 years, and 1.5% of the capital repaid until the end of the life of the loan.

b) Preparatory expenses that will be paid by CaixaBank: (i) Taxes: €1,125 in documented legal acts for a mortgage liability of €150,000 and a tax rate of 0.75%; (ii) registry verification: €10.91; (iii) notary: €597; (iv) management: €363; (v) registration: €283.

c) Preparatory expenses to be paid by the customer (i) Appraisal: €254.10 (if the transaction is signed, CaixaBank will pay you this amount within 45 days).

d) Related ancillary services to be paid by the customer. you must take out a damage insurance policy regardless of whether you choose to contract the discounts. CaixaBank does not sell damage insurance; As such, below we offer you the premium resulting from simulating a home insurance policy (which is the closest to a damage insurance policy that the bank sells, with the difference that home insurance offers greater coverage). For the purpose of calculating the non-discounted APR and the discounted APR, the premium resulting from the home insurance calculation will be taken into account; additionally, in the event you contract the discounted APR, the corresponding discount will be applied. However, the customer is free to apply for a damage insurance policy, which is compulsory, with the insurance company of their choice.

HOME INSURANCE: €317 annual premium. The amount of the annual premium is based on the hypothesis that it will not vary during the validity of the operation. The amount is merely intended to serve as a guide and is based on home insurance products offered by CaixaBank, S.A. (e.g. based on a mortgage with a capital sum of €150,000 and buildings coverage of between €100,001 and €120,000 with a built-up area of 100 m2, with a total amount payable throughout the term of the operation of €6,340). The amount is the result of a calculation made based on a guidance screening; thus, the value may vary depending on the building and exact square metre measurements of the property.

PAYMENT ACCOUNT: you must maintain an account with CaixaBank throughout the loan term. The customer must pay the maintenance fees for the payment account that amount to €15/quarter. The calculation of the discounted and non-discounted APR will take into account this maintenance cost.

Discount terms and conditions: these are percentage points that will be deducted from the NIR, if the following products are taken out: (i) direct deposit of salary or pensions > €600 + direct debit payments of 3 bills + purchases with cards*** marketed by CaixaBank, S.A., where the account holder is the debtor and when settlements are paid by direct debit from a demand deposit account opened in CaixaBank, S.A. by the holder of the same and which have been used to make at least three purchases during the last three months: 0.35 pts. ; (ii) taking out household insurance 0,15 pt; (iii) taking out life insurance (MyBox Vida, MyBox Vida Negocios, Vida Familiar or SEVIAM)*, or health insurance (except Dental Adeslas and Basic Adeslas), 0,35 or 0,20 pt. excluding each other: taking out life insurance equal to or greater than 95% of the amount of the financing: 0.35 pt. ; taking out life insurance between 50% and 95% of the amount of the financing: 0.20 pt. (will not apply the bonus if the insured capital is less than 50% of the amount of the financing) or health insurance only: 0.20 pt. ; (iv) financing or subscription of the contracting of a service "Home Alarm SECURITAS DIRECT"**: 0.15 pts. The services indicated must always be marketed by CaixaBank, S.A. or by Wivai Selectplace, S.A.U. Compliance with the requirements indicated to apply the bonus conditions will be checked monthly, the interest rate may be adjusted upwards or downwards according to the verification carried out by CaixaBank with this periodicity of compliance with the subsidizers.

Purchase of the products listed above is optional. Each of the products can be taken out independently. There is no difference between the combined offer price and the offer price for separate products (prices of the products and services specified do not vary whether taken out in combination or separately).

*Life insurance (simulation of life and repayment insurance): €265.61 annual premium (under the premise that the premium will not vary during the validity of the operation, or be updated according to the principal repaid or to the age of the policyholders). The premium is calculated according to the contract of a life insurance policy for 100% of the capital with the policyholder being 30 years of age. The cost of this service will be paid by the customer if it is applied for.

**Subscription or financing of the SECURITAS DIRECT Home Security Alarm service, marketed by Wivai Selectplace, S.A.U. and/or financed by CaixaBank, with financed meaning the provision of a loan at 0% AER and 0% NIR (48 monthly payments of €52.03, interest free, to finance the purchase, installation and maintenance of the alarm). Total amount payable and RRP: €2,497.44 / Total price in instalments. Total credit amount €2,497.44. Total cost of the consumer credit: €0. The maintenance service of the alarm must remain for the rest of the term of the mortgage, with a cost of €52.03 per month.

***Card maintenance cost (simulation of the Visa Electron Debit card) marketed by CaixaBank: €36/year. The calculation of the discounted APR will take this maintenance cost into account. The cost of this service will be paid by the customer if it is applied for.

Warnings: (i) Any breach of the loan obligations deriving from the loan can incur serious consequences for the mortgage holder, for his or her guarantor or for the owner of the mortgaged property, such as the loss of his or her property and of other goods. (ii) CaixaBank reserves the right to refuse to grant the operation or to approve it under the terms and conditions that it deems appropriate, after assessing the solvency of the applicant and according to the bank's risk criteria; (iii) the APR, pursuant to the law, covers the financial terms and conditions of the example, the expenses and the access services under the assumption that the premium of the insurance policy will not vary during the validity of the contract.

1. French amortisation system: a constant payment consisting partially of capital repayment and partially of interest. The portion of interest included in each payment will be the result of applying the effective interest rate to the outstanding capital at the start of each monthly period. The difference to the amount of the payment is the part corresponding to capital repayment. Every month, interest must be paid on the outstanding capital. When the loan is first taken out there is a lot of capital to repay, which is why the interest payment is higher than the capital repayment at first. As we want instalments to remain constant, the interest part declines and the capital part increases as time progresses. The monthly repayment is fixed: they remain unchanged while the interest rate is not modified. For example, if we have a twenty-year loan of €100,000 at an interest rate of 3.75%, each monthly payment will be €592.89. The first payment will consist of €312.50 in interest and just €280.39 in capital repayment. In contrast, 20 years later, the final payment would be €1.85 in interest and €591.04 in capital.

Arithmetic formula (French fee)

ak = Ck * [(r/m) / [1-[1+(r/m)]⁻ⁿ]]

"a k" being the mixed capital repayment and interest; "Ck" the outstanding capital at the start of the period; "r" being the annual nominal interest rate, as per one; "m" the number of loan repayment periods included in a year and "n" the number of repayment periods (capital and interest payment) pending.

NRI: 6978-2024/09542