Ley 546 de 1999 • Mi Casa Ya • Cobertura FRECH • Bancos & FNA • COP & USD 🇨🇴
Colombia Prestamo Hipotecario & Mi Casa Ya Calculator
Simulate your monthly mortgage installments in Colombia: compare subsidized social housing programs (Mi Casa Ya down payment grants and FRECH interest relief) against commercial non-VIS bank loans, insurance, and 30% - 40% DTI limits.
Monthly Mortgage Installment Breakdown
Base Principal & Interest $ 0.00 Effective subsidized rate
Insurances (Vida + Terremoto) $ 0.00 Mandatory bank policies
Total Monthly Installment $ 0.00 Cuota Total Mensual
Financed Loan Amount (Monto Financiado): $ 0.00
Total Down Payment Required (Cuota Inicial): $ 0.00
Government Grant (Subsidio Mi Casa Ya Cuota Inicial): $ 0.00
Net Buyer Cash Required for Down Payment: $ 0.00
FRECH Monthly Relief on Interest (Years 1 to 7): $ 0.00
Minimum Qualifying Family Income (Ley 546 DTI Limit): $ 0.00 / month
Total Outlay per Month to Bank: $ 0.00
VIS Subsidy Qualified: This home value qualifies de Interes Social (VIS) under Colombian law, unlocking Mi Casa Ya down payment grants, FRECH interest rate coverage, and discounted notarial registration tariffs.
Statutory Framework: Housing Finance in Colombia (Ley 546)
Under Colombia's housing law (Ley 546 de 1999) and government decree guidelines:
Mi Casa Ya & FRECH Subsidies
- VIS Threshold: 135 to 150 SMLMV (~$191M to $213M COP).
- Cuota Inicial Subsidy: 30 SMLMV (~$42.6M COP) for Sisben groups A1-C8, or 20 SMLMV (~$28.4M COP) for C9-D20.
- FRECH Coverage: The Ministry of Housing covers 4.0% to 5.0% of the loan interest rate for the first 7 years (84 months).
Debt-to-Income (DTI) Ratios
- VIS Housing: The monthly installment cannot exceed 40% of verifiable family income.
- Non-VIS Housing: The monthly installment cannot exceed 30% of verifiable family income.
📊 Liquidacion Oficial de Nomina y Prestaciones Sociales DIAN / MinTrabajo
| Statutory Component / Legal Deduction Item | Calculated Amount (COP) |
|---|---|
| Primary Net / Statutory Payable Amount | $0 COP |
MS
Engr. Muhammad Shahzad
Principal Financial Systems Architect & Colombian DIAN & Labor Law Compliance Principal Architect
Lead software and systems architect specializing in high-performance browser computing, algorithmic validation, financial models, and zero-telemetry client-side privacy architecture.