What will this home really cost you?
The monthly payment and full cost of a fixed-rate mortgage in Mexico, with or without Infonavit. The example is Banxico's reference case: a 1,000,000-peso home with 20% down over 15 years, at the current average rate.
The working
- What you pay each month$9,238.99After your employer's contribution: −$0.00
- What you pay at the start$200,000.00Down payment and opening fee. Notary costs and taxes are extra.
- Taken from your Subcuenta$0.00
- Bank loan$800,000.00
- Infonavit loan$0.00
- Interest over the whole loan$863,017.57
With no bank loan, there's no bank cost to compare.
Market average for fixed-rate mortgages in pesos: 11.29% interest, 13.76% CAT.
Method: level monthly payments at a fixed rate. The real cost uses Banxico's CAT formula on the bank loan, with its fee and monthly charges. Interest on a home mortgage is exempt from VAT.
Cofinavit here is a simplified view: Infonavit and your bank set the real amounts and rates, and how your payments are applied can change what you pay over time.
Where the numbers come from
- Cost of mortgages: fixed rate in pesos (table CF303) Banco de México (Banxico). September 2026: average interest rate 11.29%, average CAT 13.76%, for a 1,000,000-peso home with 20% down over 15 years.
- How the VAT exemption on mortgage interest works (Ley del IVA, article 15, section X) IDC Online.
- Cuenta Infonavit + Crédito Bancario Infonavit. 10.45% on the part of the credit lent by Infonavit.
- Crédito Casa Cofinavit: information leaflet BanBajío.
This is an estimate for comparing options, not a quote. Check the figures on your contract before deciding.