Colombia 💰 COP Last updated2026-05-28

Crédito hipotecario Calculator Colombia

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Quick answer (Colombia)

A COP 350,000,000 crédito hipotecario at 13.5% over a 20-year term works out to a monthly payment of about $ 4.225.811, with total interest of $ 664.194.734 over the full term.

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Mortgage Calculator

USD

Home Value

LTV 80% · No PMI ✓

Loan Amount

Interest Rate

Term

Total Monthly

$4,809,145

PITI

Principal + Interest

$4,225,811

65% goes to interest

Total Interest

$664,194,734

over 20 years

Monthly Breakdown

Principal & Interest$4,225,811

Property Tax (1.1%/yr)$401,042

Homeowner's Insurance (0.5%/yr)$182,292

Total Monthly$4,809,145

Principal vs Interest Split

35% principal

65% interest

✨ Live recalculation·Includes P&I, property tax, insurance. Estimates only — consult a licensed lender for exact rates.

Reviewed by

Aisha Rahman, CFP®, MBA LinkedIn ↗

CFP® with 12+ years in mortgage & retirement planning.

Local context

Crédito hipotecarios in Colombia

Typical loan

$ 350.000.000

in Colombia

Typical rate

13.5% p.a.

prime borrower, 2026

Typical term

20 years

most common

Market overview

Colombian mortgages are dominated by Davivienda, Bancolombia, BBVA Colombia, Banco de Bogotá, and Banco Caja Social. The market uses both peso (COP) and UVR (Unidad de Valor Real) — an inflation-indexed unit similar to Chile's UF. UVR mortgages dominate longer-tenor lending (~70% of new originations) while peso mortgages are common at 5-7 year fixed periods. Banco de la República policy rate sits at 8.75% in early 2026 after cuts from peak 13.25% in 2023.

Why 13.5% is the typical rate

13.5% reflects a typical peso-denominated 15-year mortgage rate for a salaried Colombian borrower at 75% LTV in early 2026. UVR mortgages have lower real rates (6-9% above UVR adjustment) but transfer inflation risk to the borrower. Mi Casa Ya government subsidy program (for households earning under 4 minimum wages) subsidizes down payments and interest rates for affordable-housing buyers.

Tax & regulatory notes

Mortgage interest is partially deductible from Colombian personal income tax — up to 1,200 UVT per year (~COP 56 million in 2026, ~$13,000) for owner-occupied primary residences. Property transfer registration fee is approximately 1.7-2.5% of value. Predial annual property tax varies by municipality (Bogotá typically 0.4-1.2% of cadastral value). Foreign buyers can purchase property freely with no restrictions; popular destinations include Medellín (digital nomad scene) and the Caribbean coast.

🧮 Worked example

A COP 350,000,000 crédito hipotecario at 13.5% over a 20-year term

Loan amount

$ 350.000.000

Annual interest rate

13.5%

Term

20 years (240 months)

Monthly payment

$ 4.225.811

Total interest paid

$ 664.194.734

Total paid (principal + interest)

$ 1.014.194.734

❓ FAQ (Colombia)

Common questions in Colombia.

Mi Casa Ya subsidy program — am I eligible?

Mi Casa Ya (My Home Now) is Colombia's flagship affordable housing program, providing down payment subsidies and interest rate subsidies for first-time buyers earning under 4 SMLMV (about COP 5.9 million / $1,400 per month in 2026). The down payment subsidy is up to COP 22 million (~$5,250) for VIS-class properties under COP 168 million (~$40,000) and the interest rate subsidy reduces effective rate to 4-7% depending on income tier. Application is via Fonvivienda and partner banks (Davivienda, Bancolombia, etc.).

UVR vs peso mortgages — which is better in Colombia?

Similar to Chile's UF, Colombia's UVR (Unidad de Valor Real) indexes mortgages to inflation. UVR mortgages have lower nominal rates (8-10%) plus daily CPI adjustment to principal. Peso mortgages have higher nominal rates (11-15%) but no inflation adjustment. For 20+ year horizons, UVR mortgages have historically been cheaper but more volatile. For shorter terms (5-7 years) or in periods of stable inflation, peso mortgages can be predictable. UVR is dominant for longer tenors (70%+ of new originations).

Foreigners buying property in Colombia (especially Medellín)?

Foreigners can purchase Colombian property freely with no significant restrictions — Colombia has been actively welcoming foreign real estate investment, particularly post-2020. Medellín has been the dominant foreign-buyer market (digital nomads, US/Canadian retirees) with neighborhoods like El Poblado, Laureles, and Envigado seeing significant appreciation. Bogotá and Cartagena also see foreign demand. Mortgages for non-residents are practically unavailable from Colombian banks — most foreign buyers pay cash or use home-country financing.

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