MORTGAGE ESTIMATOR Mexico

Down Payment

The typical rule of thumb is to pay 35-50 percent of the home's price as your down payment. 

Loan Term

Your loan program can affect your interest rate and monthly payments. Choose from 30-year fixed, 15-year fixed, and more in the calculator. 

Loan Type

There are several types of financing options in Cabo Mexico, but the most commonly used are fixed-rate loans. Options vary between lenders, seller or developer financing. Typically, seller or developer financing is structured very short-term.

Interest Rate

This field is pre-filled with the current average mortgage rate. Your actual rate will vary based on factors like credit score and down payment.

Property Tax Rate

The mortgage payment calculator includes estimated property taxes based on the home's value. You can edit this in the advanced options.

Home Insurance

Home insurance or homeowners insurance is typically required by lenders, depending on the loan program. You can edit this number in the mortgage calculator advanced options.

HOA Fees

A homeowners association fee (HOA fee) is an amount of money that must be paid monthly by owners of certain types of residential properties, and HOAs collect these fees to assist with maintaining and improving properties in the association. 

Disclaimer:

This is not a commitment to lend nor a binding offer or quote for financing or fees, costs, or charges. This calculator provides estimates only and should be considered generally illustrative.

All rates are fixed for up to 30 years, but are set immediately prior to close based on margin outlined in your conditional approval letter + then current 3Y swap rate — visit our pricing page for more details.

Property taxes are an estimate based on most markets in Mexico — some municipalities charge higher or lower rates and property tax rates are subject to change at any time.

Cash-to-close estimate includes an estimated 8% (of entered purchase price) for closing costs. Your closing costs may be higher or lower.

For more information about fees, costs, and charges associated with foreigner purchases of property in Mexico, consult with me directly to discuss the specifics of your situation.

For instance, with certain lenders, the minimum loan size is $250,000 USD and maximum loan size is $2.5M USD.

A 35% minimum down payment plus closing costs and reserves are required for most purchase transactions. Closing costs cannot be financed.

Contact Nancy Bouchard directly for more information about financing options in Mexico. WhatsApp Canada +1-403-828-9223 or Mexico +52 624-264-0097