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@Regan Canada

I'm not sure the interview will be that challenging: their requirements are that you're a native English speaker and have a degree. If you talk proper and seem to be a normal/friendly kinda guy, I'd guess that goes a long way. :-)

The salary/stipend is pretty small, and the fees/expenses are significant, so while it's not volunteering/internship, it seems not far off to me. That would tend to reduce the applicant pool. But if you can afford it, and love kids/teaching, it might be a nice way to see Spain for a few months. Especially as they help you with the trip. It's probably an interesting option to combine the trip with a TEFL course/certificate, if you actually want to do more teaching afterwards.

If you haven't read their supporting doc yet, it's here:

My guess is you are gonna need money to cover some/most/all the following: fees, travel/relocation, immigration/visa bureaucracy/supporting docs, health insurance. Rent/living expenses until your salary kicks in. If you want the TEFL cert, that's an extra chunk too.

TEFL is not the world's best-paid or most stable career, so think twice before you head down this avenue (especially with wife/child). If you are thinking about it, then maybe it's more cost-effective to do a self-contained TEFL course, and then  apply for proper jobs (or teach remotely). On the other hand, if you just want to spend a few months in Spain, it's probably easier/cheaper to organize your own trip and forget the teaching bit.