In short
At 11.31%, the average fixed-rate mortgage offer of Mexican banks and regulated lenders in August 2026 (Banco de México), a MX$2,400,000 loan over 20 years costs MX$25,281 a month; one more point of interest adds MX$1,666 a month. The Banco de México target rate is 6.5% since 24 September 2026; the average total annual cost (CAT) of the same offers, with fees and insurance, was 13.78%.
Monthly payment at 11.31%, by loan and term
| Loan | 10 years | 15 years | 20 years |
|---|---|---|---|
| MX$1,000,000 | MX$13,951 | MX$11,561 | MX$10,534 |
| MX$2,400,000 | MX$33,483 | MX$27,747 | MX$25,281 |
| MX$5,000,000 | MX$69,755 | MX$57,807 | MX$52,668 |
Calculation with the formula above, at the Banco de México average of advertised fixed-rate offers (August 2026: lowest 9%, highest 21.13%). Its reference loan: simple average of the fixed-rate peso mortgage offers of banks and regulated lenders for a MX$1 million home in Mexico City, 20% down, MX$800,000 over 15 years, borrower aged 35.
Before you borrow
General information drawn from the official sources cited and dated on this page. It is not legal, tax or financial advice: for your own situation, ask a licensed professional.