El Salvador 💰 USD Last updated2026-05-28

Crédito hipotecario Calculator El Salvador

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Quick answer (El Salvador)

A crédito hipotecario of $95,000 at 7.75% over 25 years works out to a monthly payment of about $718, with total interest of $120,269 over the full term.

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Mortgage Calculator

USD

Home Value

LTV 80% · No PMI ✓

Loan Amount

Interest Rate

Term

Total Monthly

$876

PITI

Principal + Interest

$718

56% goes to interest

Total Interest

$120,269

over 25 years

Monthly Breakdown

Principal & Interest$718

Property Tax (1.1%/yr)$109

Homeowner's Insurance (0.5%/yr)$49

Total Monthly$876

Principal vs Interest Split

44% principal

56% 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 El Salvador

Typical loan

$95,000

in El Salvador

Typical rate

7.75% p.a.

prime borrower, 2026

Typical term

25 years

most common

Market overview

El Salvador uses the US dollar as legal tender under the 2001 Ley de Integración Monetaria, with Bitcoin added as legal tender in September 2021 (Ley Bitcoin). The mortgage market is led by Banco Cuscatlán, Banco Davivienda Salvadoreño, Banco Agrícola (Bancolombia group) and Banco de América Central (BAC). The state-owned Fondo Social para la Vivienda (FSV) and Fondo Nacional de Vivienda Popular (FONAVIPO) administer subsidised mortgages for lower-income Salvadorans.

Why 7.75% is the typical rate

USD rates of 7-9% reflect US Treasury benchmark plus a 250-400 bps Central American country-risk spread; FSV-administered subsidised mortgages run 4.5-6.5% for qualifying lower-income borrowers under government programmes.

Tax & regulatory notes

Transfer tax (Impuesto de Transferencia de Bienes Raíces) is 3% on values above $28,571 under the Ley de Impuesto Sobre Transferencia de Bienes Raíces. The Banco Central de Reserva (BCR) supervises the financial system, with no monetary policy role given full dollarisation. Bitcoin legal tender status under Decree 57/2021 has had limited mortgage adoption; Chivo Wallet integration remains rare in formal lending.

🧮 Worked example

A crédito hipotecario of $95,000 at 7.75% over 25 years

Loan amount

$95,000

Annual interest rate

7.75%

Term

25 years (300 months)

Monthly payment

$718

Total interest paid

$120,269

Total paid (principal + interest)

$215,269

❓ FAQ (El Salvador)

Common questions in El Salvador.

Are mortgages in El Salvador in USD?

Yes. Since 2001, the US dollar has been the official currency under the Ley de Integración Monetaria. All mortgages from Banco Cuscatlán, Davivienda, Banco Agrícola and BAC are USD-denominated, eliminating FX risk for borrowers earning in USD.

Can you get a Bitcoin-denominated mortgage in El Salvador?

In theory yes, under the September 2021 Ley Bitcoin which made BTC legal tender. In practice, no major bank (Cuscatlán, Davivienda, Agrícola, BAC) offers BTC-denominated mortgages because of price volatility. All formal mortgages remain in USD.

What is the Fondo Social para la Vivienda (FSV)?

FSV is El Salvador's state housing fund offering subsidised mortgages to formal-sector workers earning under 6.5 minimum wages, at rates 4.5-6.5% (well below commercial bank rates). It is funded by mandatory employer-employee contributions and is the largest single mortgage lender in the country.

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