Mortgage Calculator
Plan your Costa Rica property purchase with our free tools. Calculate payments in USD or colones with local bank rates.
$
0%$60,00080%
%
Estimated Monthly Payment
$1,774
per month
Loan Amount
$240,000
Total Interest
$292,074
Total Paid
$532,074
This calculator is for informational purposes only and does not constitute financial advice. Actual rates, payments, and costs may differ. Consult a qualified financial advisor or lender in Costa Rica before making purchasing decisions.
Frequently Asked Questions
What interest rates do Costa Rica banks offer for mortgages?â–¼
Costa Rica banks typically offer mortgage rates between 7-9% for USD-denominated loans and 10-14% for colones loans. Rates vary by bank, credit profile, and loan amount. Major lenders include BAC Creativa, Banco Nacional, BCR, Scotiabank, and Davivienda. Contact banks directly for personalized quotes.
What are the closing costs when buying property in Costa Rica?â–¼
Closing costs in Costa Rica typically total 4-5% of the property price. This includes a 1.5% property transfer tax, 1-1.5% legal fees, 1% notary fees, 0.5% stamp duties, and 0.5% registration fees at the National Registry. Exact costs vary depending on the property and your legal team.
Can foreigners get a mortgage in Costa Rica?â–¼
Yes, foreigners can obtain mortgages in Costa Rica, though requirements are stricter than for residents. Most banks require a larger down payment (typically 30-40%), proof of income, and a Costa Rica bank account. Some international buyers also use home equity loans from their country of residence to finance purchases.
Buying Property in Costa Rica
Costa Rica offers a vibrant real estate market for both locals and international buyers. Whether you're looking for a luxury home in Escazu, a beachfront condo in Guanacaste, or an investment property in San Jose, understanding your financing options is key. Our mortgage calculator helps you estimate monthly payments using current Costa Rica bank rates, compare different loan scenarios, calculate closing costs including the 1.5% property transfer tax, and determine how much property you can afford based on your income.