Goal: deposit for your first home
Save for a house deposit without losing track
In Spain the bank lends up to 80%. You put in the other 20%, plus the buying costs. Huchy tells you how much to set aside each month and when you could sign.
- 20%deposit that the mortgage does not cover in SpainOn a €220,000 flat: €44,000Source: CNMV and Banco de España, Finanzas para todos (in Spanish)
- 10%VAT if the home is new; if it is resale, transfer tax (ITP) set by each regionPlus notary, land registry and agency feesSource: BOE, Spanish VAT Act, article 91 (in Spanish)
- 4.7 yearsof a young person's full salary to put together the deposit and costs in Spain2025 figuresSource: Spanish Youth Council, Emancipation Observatory 2025 (in Spanish)
Sound familiar?
Why people give up on this goal
You don't know whether house prices will rise faster than your savings.
Your money is spread over three accounts and a piggy bank.
Every month you promise yourself you'll set aside €600, and you set aside €350.
Breakdown
What the goal is made of
Huchy suggests this breakdown when you create the goal; change whatever you like and the monthly target is recalculated.
| Item | Amount | Note |
|---|---|---|
| Deposit (20%) | €44,000 | Essential |
| ITP / VAT | €17,600 | Depends on the region |
| Notary, land registry, agency | €3,200 | Estimate |
| Valuation and arrangement fee | €900 | Estimate |
| Cushion for the move and furniture | €4,000 | Optional |
| Total goal | €69,700 | Saved in Huchy |
With Huchy
How it keeps you on track to the date
The goal and its target
Amount, date and what you have already saved. The monthly, weekly and daily target, always up to date.
Your accounts, added up
Upload your statement and Huchy works out how much you really set aside this month.
Pace alerts
If you fall behind, it tells you in euros and in days, and suggests how to catch up.
Questions
What if a guarantee scheme covers part of my deposit?
If a guarantee covers part of your deposit, lower the goal amount in Huchy and the plan is recalculated straight away.
How do we save for a house deposit as a couple?
You create a shared goal for the two of you. Each of you logs in with your own access and contributes from your own accounts, and Huchy records who contributed how much. If your parents help, their contributions count too.
Where should I keep my house deposit while I save?
Huchy doesn't move your money. It helps you decide how much and keep track of it; where you keep it is up to you (there's a guide for that).
Your first home deposit, in euros a day.
Start with the calculator: it's free and needs no sign-up.