What interest rate is typical for a mortgage in Brazil?

Fixed-rate home financing under the SFH (Sistema Financeiro de Habitacao) program commonly ranges from about 9% to 12% annually for banks such as Caixa, Itau, Bradesco, and Santander, depending on the borrower profile and loan-to-value ratio. Higher-value properties financed outside the SFH cap, under the SFI (Sistema de Financiamento Imobiliario), often carry somewhat higher rates. Always confirm the current quoted rate with your lender before relying on an estimate.

What is the difference between Price and SAC?

Tabela Price keeps the monthly installment constant for the full term, similar to a standard fixed mortgage. SAC (Sistema de Amortizacao Constante) keeps the amortization portion constant instead, so the installment starts higher and decreases every month as the interest portion shrinks. SAC usually pays off more principal earlier and results in less total interest over the same rate and term.

How does this calculator compute the monthly payment?

For Price, it uses the standard fixed-installment amortization formula with the annual rate divided by 12 applied to the declining balance. For SAC, it divides the loan into equal monthly principal payments and adds interest calculated on the remaining balance each month, which is why the SAC installment is highest in month one and lowest in the final month.

What down payment is usually required?

Brazilian banks typically require an entrada of 20% to 30% of the home price for a standard SFH or SFI financing, though FGTS funds can sometimes be used to cover part of it for eligible buyers. A larger down payment lowers the loan amount, the monthly payment, and the total interest paid over the life of the loan.

What loan terms are available in Brazil?

Home financing in Brazil commonly extends from 10 to 35 years, with 30 years being a frequent maximum term offered by major banks under SFH rules. A longer term lowers the monthly payment but increases total interest paid.

Does the result include insurance, fees, or IOF?

No. This calculator computes the principal-and-interest installment only. Mandatory life and property damage insurance (seguro MIP e DFI), bank administration fees (taxa de administracao), notary and registry costs (cartorio), and any applicable IOF are separate costs added by your lender and are typically confirmed in the official CET (Custo Efetivo Total) disclosure.

Brazil Mortgage Calculator

Name: Brazil Mortgage Calculator
Availability: InStock
Author: Nham Vu

Enter the home price, down payment, interest rate, term, and amortization system to get your monthly mortgage payment in Brazilian reais.

Financing Details

Home Price

Down Payment (entrada)

Interest Rate (annual, fixed)

Nominal fixed rate, as quoted by most SFH/SFI home financing lines in Brazil.

Amortization System

Price: fixed installment for the whole term.

Loan Term

Enter a home price to see your financing breakdown.

Monthly Payment

R$0.00

principal & interest only

Loan Amount

R$0.00

Total Interest

R$0.00

Total Repaid

R$0.00

Loan detail	Value
Annual interest rate	—
Monthly interest rate	—
Number of payments	—
Down payment (entrada)	—

Yearly Amortization Schedule

Year	Principal Paid	Interest Paid	Remaining Balance

Summary

Enter the home price, down payment, interest rate, term, and amortization system to get your monthly mortgage payment in Brazilian reais.

How it works

Enter the home purchase price in Brazilian reais.
Enter your down payment (entrada) as a real amount or percentage.
Enter the fixed annual interest rate quoted by your lender.
Choose the loan term in years and the amortization system, Price or SAC.
Read the monthly payment, total interest, and total amount repaid in the results panel.
Scroll the yearly amortization schedule to see how the balance declines over time.

Use cases

Estimating monthly payments before making an offer on a home in Brazil.
Comparing a Tabela Price quote against a SAC quote from the same bank.
Checking how a longer or shorter term changes total interest paid.
Seeing how a larger entrada (down payment) reduces the loan principal and monthly payment.
Planning a budget for a Caixa, Itau, Bradesco, or Santander home financing line.
Understanding why SAC installments start higher and fall over the loan term.

Frequently Asked Questions

Last updated: 2026-07-21 · Reviewed by Nham Vu