Mortgage Affordability Simulator

Discover the maximum amount of property that fits your budget. This simulator calculates the financing limit based on your monthly income according to the 30% commitment limit required by Brazilian banks.

Quick Profiles:

Young Couple Middle Class Premium Profile

Gross Family Monthly Income

Total family income (after taxes).

Available Down Payment

Cash you have on hand + severance fund (FGTS) for down payment.

Financing Term

years

Nominal Interest Rate

% p.a.

Amortization System

Recommended Maximum Property Price

$ 0.00

Maximum Allowed Financing

$ 0.00

Estimated First Installment Amount

$ 0.00

Purchase Costs (ITBI + Notary Fees)

$ 0.00

Total Interest Paid

$ 0.00

Total Amount Paid

$ 0.00

Property Cost Composition

Additional Financial Details

Financing Flow Details

Planning Item	Projected Calculation	Percentage of Purchase	Financial Note / Rule

How do banks calculate your financing limit?

When applying for a mortgage in Brazil (whether through Caixa Econômica, Itaú, Bradesco, or Santander), the primary credit risk criterion analyzed is the Payment Capacity. Banks adopt the standard safety rule that the first installment of the financing cannot compromise more than 30% of the proven gross family income.

Impact of the Amortization System (SAC vs. PRICE)

SAC (Constant Amortization System): Installments start higher and decrease month by month. Since the first installment is the maximum allowed by the 30% income limit, the total financed amount in SAC is lower than in the PRICE system for the same salary range. However, SAC accumulates much less paid interest at the end of the contract.
PRICE (French Table): Installments are fixed from start to finish. Since the first installment is equal to the last, the initial payment allows for a higher initial financing value with the same salary. The disadvantage is the severe accumulation of interest.

Planning Tip: Extra Notary Fees

A common mistake when purchasing the first property is forgetting about bureaucratic transfer expenses. You need to set aside around 4% of the property amount in liquid cash for expenses with the ITBI (property transfer tax) charged by the City Hall, notary fees for the public deed, and the registration of fiduciary alienation in the Property Registry.

Frequently Asked Questions

Yes! Most banks allow the composition of family income with up to 3 or 4 applicants (usually spouses, parents, children, or siblings). This increases the considered gross income in the simulation and, consequently, increases the maximum allowed financing limit.

The balance of the severance fund (FGTS) can be used in three ways in housing financing (within the rules of the SFH): as a complementary or integral amount of the down payment, to amortize the principal debt balance reducing the term or the installment, or to deduct up to 80% of the installment amount for 12 consecutive months.

Yes! The Public Records Law (Law 6.015/73, art. 290) guarantees 50% discount on registration and deed rates in the acquisition of the first residential property, as long as the property is acquired through financing from the Housing Financial System (SFH).