There are a number of factors that will determine which interest rate you will pay when you obtain financing for a home in the US or Mexico. Sometimes you just want to get a ballpark figure of how much your monthly payments will be. The MexQuest Mortgage Calculator is a great tool for those who want to see more or less what their mortgage payments will be.
The calculator, located on the right hand column of this blog as well as on www.mexquestmortgage.com, allows users to enter the purchase price of their home or condo in Mexico and calculate monthly payments on a home loan.
NOTE: The interest rate used in the calculator is the average daily rate. Your rate could be lower or higher depending on the loan program, your credit score, and the terms of the loan. Contact me for more information and to see which loan program is best for you.
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