What interest rate is typical for a mortgage in Mexico?

Fixed-rate peso mortgages from major Mexican banks commonly range from around 9% to 13% annually, depending on the bank, the borrower's credit profile, and the loan-to-value ratio. Rates change with market conditions, so always confirm the current quoted rate with your lender before relying on an estimate.

How does this calculator compute the monthly payment?

It uses the standard fixed-rate amortization formula with monthly compounding: the annual rate is divided by 12 to get a monthly rate, which is applied to the declining balance over the number of monthly payments in the term. This matches how most Mexican bank mortgages are structured.

What down payment is usually required?

Mexican banks typically require a down payment of 10% to 20% of the home price for a standard mortgage, though some programs allow less. 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 Mexico?

Bank mortgages in Mexico commonly range from 5 to 20 years, with some lenders offering up to 30 years. Infonavit and Fovissste loans for eligible workers can also extend to 30 years. A longer term lowers the monthly payment but increases total interest paid.

Does the result include closing costs, insurance, or taxes?

No. This calculator computes the principal-and-interest payment only. Closing costs (gastos notariales), mandatory life and damage insurance, and property tax (predial) are separate costs added by your lender or required by law, typically 4% to 6% of the home price at closing.

Is this the same as a UDI-denominated mortgage?

No. This calculator assumes a standard fixed-rate mortgage in nominal Mexican pesos (MXN), which is the most common structure offered by commercial banks. UDI-denominated mortgages adjust the balance with inflation and use a different calculation.

Mexico Mortgage Calculator

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

Enter the home price, down payment, fixed interest rate, and loan term to get your monthly mortgage payment in Mexican pesos.

Mortgage Details

Home Price

MX$

Down Payment

MX$

Interest Rate (annual, fixed)

Nominal fixed rate, compounded monthly, as quoted by most Mexican bank mortgages.

Loan Term

Enter a home price to see your mortgage breakdown.

Monthly Payment

MX$0.00

principal & interest only

Loan Amount

MX$0.00

Total Interest

MX$0.00

Total Repaid

MX$0.00

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

Summary

Enter the home price, down payment, fixed interest rate, and loan term to get your monthly mortgage payment in Mexican pesos.

How it works

Enter the home purchase price in Mexican pesos.
Enter your down payment as a dollar amount or percentage.
Enter the fixed annual interest rate quoted by your lender.
Choose the loan term in years.
Read the monthly payment, total interest, and total amount repaid in the results panel.

Use cases

Estimating monthly payments before making an offer on a home in Mexico.
Comparing rate quotes from different Mexican banks such as BBVA, Santander, or Banorte.
Checking how a longer or shorter term changes total interest paid.
Seeing how a larger down payment reduces the loan principal and monthly payment.
Planning a budget for an Infonavit or Fovissste-adjacent bank mortgage in pesos.

Frequently Asked Questions

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