Amortizar la Hipoteca o Invertir en Bolsa: ¿Qué Genera Más Patrimonio en España?

Paying Off Your Mortgage or Investing in the Stock Market in Spain (2026): Real-World Calculations with Three Scenarios This video uses real math to answer the most common question among Spaniards with mortgages and monthly savings: Is it more profitable to allocate €300 a month to prepay the mortgage or invest it in an MSCI World Index fund? The analysis uses official data from the National Institute of Statistics, the Bank of Spain, and the State Tax Administration Agency, and includes the tax impact of Personal Income Tax on capital gains from investment funds. What You'll Find in This Video The video presents three scenarios based on real mortgages currently in effect in Spain in 2026: a variable-rate mortgage of €150,000 indexed to the 12-month Euribor (currently around 2.71%), a fixed-rate mortgage of €200,000 at 3.5%, and a fixed-rate mortgage of €300,000 at 3.2%. For each scenario, the results are calculated over ten, fifteen, and twenty years for allocating three hundred euros monthly to early repayment versus investing that amount in an index fund with annual returns of seven and nine percent, in line with the historical performance of the MSCI World. The analysis includes the early repayment fees established by Law 5 of 2019 regulating real estate credit agreements, the tax brackets applicable to savings fund gains in the 2025 income tax return, and the tax advantage of deferring payments in UCITS investment funds registered with the Spanish National Securities Market Commission (CNMV). The video concludes by identifying the mortgage interest rate threshold above which early repayment mathematically surpasses investing in the global equity market: between four and five percent. Chapters 00:00 – Introduction: Why most people make the wrong decision when making early repayments. 00:56 – Mortgage context in Spain in 2026: Euribor, average rates, and average loan amount. 01:32 – Early repayment fees: what Law 5 of 2019 says. 02:16 – Scenario one: variable-rate mortgage of €150,000 at 3.7%. 04:42 – Scenario two: fixed-rate mortgage of €200,000 at 3.5% and the tax impact of Personal Income Tax. 07:27 – Scenario three: fixed-rate mortgage of €300,000 at 3.2%. 08:51 – The threshold that determines the answer: 4.5% as the break-even point. 09:57 – The psychological cost of debt and when repayment makes sense even if it's not optimal. 10:59 – Conclusion: cheap debt as an asset and the practical rule for making the decision. Subscribe to the channel and turn on notifications so you don't miss our upcoming analyses on personal finance in Spain. #MortgageSpain #PayOffYourMortgage #InvestInTheStockMarket #MSCIWorld #IndexFunds #EuriborToday #PersonalFinanceSpain #IncomeTax #FixedRateMortgage #VariableRateMortgage #TaxReturn #FinancialFreedom