Uruguay 💰 UYU Last updated2026-05-28

Crédito hipotecario Calculator Uruguay

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Quick answer (Uruguay)

A UI-equivalent UYU 4,000,000 mortgage at 5.0% real over a 25-year term works out to a monthly payment of about $ 23.384, with total interest of $ 3.015.080 over the full term.

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Mortgage Calculator

USD

Home Value

LTV 80% · No PMI ✓

Loan Amount

Interest Rate

Term

Total Monthly

$30,050

PITI

Principal + Interest

$23,384

43% goes to interest

Total Interest

$3,015,080

over 25 years

Monthly Breakdown

Principal & Interest$23,384

Property Tax (1.1%/yr)$4,583

Homeowner's Insurance (0.5%/yr)$2,083

Total Monthly$30,050

Principal vs Interest Split

57% principal

43% 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 Uruguay

Typical loan

$ 4.000.000

in Uruguay

Typical rate

5% p.a.

prime borrower, 2026

Typical term

25 years

most common

Market overview

Uruguay's mortgage market is led by Banco República (BROU, state-owned and historically the dominant mortgage lender), Banco Hipotecario del Uruguay (BHU, the specialised housing bank), Banco Itaú Uruguay, Santander Uruguay, BBVA Uruguay and Scotiabank Uruguay. The Banco Central del Uruguay holds its Tasa de Política Monetaria at 8.50% through 2026, but most residential mortgages are denominated in Unidades Indexadas (UI) — a CPI-linked unit similar to Chile's UF or Colombia's UVR — at real rates of 4–6%. Montevideo dominates demand, especially Pocitos, Carrasco and the new Punta Carretas-Buceo corridor.

Why 5% is the typical rate

UI-indexed real rates of 4–6% are achievable because inflation risk is shared with the borrower; nominal UYU mortgages price 12–15% but are now a minority of new originations.

Tax & regulatory notes

Impuesto a las Transmisiones Patrimoniales (ITP) is 2% from buyer and 2% from seller under Law 11,924. The Plan Nacional de Vivienda and Ministerio de Vivienda y Ordenamiento Territorial (MVOT) administer "Vivienda Promovida" tax incentives under Law 18,795 of 2011, providing IRPF, IVA and patrimonio exemptions for qualifying developments. ANV (Agencia Nacional de Vivienda) refinances BHU and provides direct lending to lower-income buyers.

🧮 Worked example

A UI-equivalent UYU 4,000,000 mortgage at 5.0% real over a 25-year term

Loan amount

$ 4.000.000

Annual interest rate

5%

Term

25 years (300 months)

Monthly payment

$ 23.384

Total interest paid

$ 3.015.080

Total paid (principal + interest)

$ 7.015.080

❓ FAQ (Uruguay)

Common questions in Uruguay.

What is a UI-indexed mortgage and why is it popular?

Unidad Indexada is a daily-published value linked to Uruguayan CPI under the Instituto Nacional de Estadística methodology. Mortgages denominated in UI carry a real interest rate of 4–6%, with the principal automatically adjusting for inflation — protecting the lender and giving the borrower lower nominal rates than UYU loans.

What is the Vivienda Promovida programme?

Law 18,795 of 2011 created the Vivienda Promovida regime granting income-tax (IRPF, IRAE), VAT and net-worth tax exemptions to developers building qualifying mid-priced housing. The result has been a significant supply boost in Montevideo and an indirect mortgage-market expansion.

What is the difference between BHU and BROU?

BHU is the specialised housing bank focused exclusively on mortgages, while BROU is a universal state bank with the largest mortgage book overall. ANV oversees BHU and refinances both institutions for affordable-housing programmes.

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