Panama Mortgage Calculator
Estimate your monthly payment with real rates from Panamanian banks. Plan your real estate investment.
Mortgage Calculator
Estimate based on Panamanian bank rates
Real rates: Banistmo ~6.5%, BNP ~6.25%, BAC ~6.75%
Term
Estimated monthly payment
USD 1,491
Shown values are reference estimates and may vary by bank and credit profile.
Frequently asked questions about mortgages in Panama
What's the average mortgage rate in Panama?▶
Mortgage rates in Panama range between 5.5% and 8% annually depending on the bank, the applicant's profile, and the type of property. Banistmo, BNP, and BAC offer competitive rates for residents and foreigners.
How much down payment do I need to buy in Panama?▶
The minimum required by Panamanian banks is generally 10% of the property value for Panamanian residents and 20-30% for foreigners. That said, a larger down payment reduces the monthly payment and total interest.
Can foreigners get a mortgage in Panama?▶
Yes, foreigners can obtain mortgage financing in Panama. The most active banks for foreigners are Banistmo, BAC, and Multibank. They generally require 20-30% down and verifiable income documentation.
How long does the mortgage process take?▶
Mortgage approval in Panama takes between 2 and 6 weeks depending on the bank. It's a good idea to get pre-approved before house hunting to know your purchasing power.