For the purposes of this calculation we have automatically entered 60% of the purchase price as the loan amount at an interest rate of 3.5% payable over 15 years, but please feel free to change any of the figures according to your needs.
Calvià is located in the western part of the island of Mallorca, next to Serra de Tramuntana, the main mountain in the Balearic Islands, and extends to Serra de Na Burguesa. It is bounded by the municipality of Puigpunyent to the north, by Palma to the east, by Andratxt to the west and by the sea to the south. 20 km away from Palma and with a maximun altitude of 143 m. With a surface of 144,97 km2 and 51.114 inhabitants (year 2012) distributed in 17 population centers: Calvia, Son Font, Es Capdellà, Peguera, Costa de la Calma, Santa Ponsa, El Toro, Son Ferrer, Sol de Mallorca, Cala Vinyas, Magaluf, Palmanova, Costa d'en Blanes, Bendinat, Portals Nous, Cas Catatà, Illetes.
In the 20´s there already used to be foreign residents -and some famous persons- who revealed tourism´s first steps in Mallorca. The former hotels were built during the 30´s, even though it was in the 60´s where the main urban expansion took place, like in all the other mallorcan tourist resorts. One of the most well-known persons who used to live here was the North-American actor Errol Flynn.