How much could you pay for a home?
Enter your numbers in US dollars or Colombian pesos and adjust the assumptions. The result shows what limits you today: your monthly budget or your savings.
Home price you could consider
USD 48,000
Equivalent to COP 153,000,000
Your savings are what limit the price today: your monthly budget would allow a more expensive home if you had a larger down payment.
- Estimated monthly payment
- USD 359
- Estimated loan
- USD 33,939
- Down payment
- USD 14,545
- Closing costs
- USD 1,455
- Limit set by monthly budget
- USD 80,968
- Limit set by savings
- USD 48,485
Home loans in Colombia are issued in Colombian pesos. If you earn in US dollars, the dollar amount of your monthly payment will change with the exchange rate.
Indicative estimate using a fixed-payment loan and the assumptions shown. It excludes insurance and subsidies, does not consider your credit history, and is not a loan approval or offer.
How we do the math
Where does the maximum payment come from?
We take the share of your income you set for the loan payment and subtract the payments on your other debts. With that payment, the term and the rate, we calculate the maximum loan using a fixed-payment schedule.
Why can savings limit the price?
Lenders only finance part of the property's value. The rest (the down payment) and the closing costs come out of your savings. If your savings fall short, the price you can consider drops even if your monthly budget is higher.
What does this estimate leave out?
Mandatory loan insurance, subsidies or benefits you may qualify for, your credit history and each lender's own policies. That's why it's a starting point, not an approval.
What rate should I enter?
Use the effective annual rate from an offer you've received or the one published by the lenders you're considering. The default value is just a reference to get started.
How are US dollars converted?
Using the current TRM (the official representative market exchange rate), certified by the Financial Superintendence of Colombia and updated automatically. The calculation runs in Colombian pesos, because home loans in Colombia are issued in pesos; dollar amounts are a reference. The rate your bank applies when you transfer money may differ.