How much does it cost to buy a Cayman Home at these low rates?
Butterfield Bank just REDUCED it’s Prime Rate to 3.25%
At these low rates buying property over renting is a viable option!
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Cayman Mortgage & Stamp Duty Calculator BELOW
Estimated Charges Involved When Closing a Loan
1. Please fill in "Purchase Price" and "Deposit Amount" below. Total Costs are automatically generated.
2. Please fill in "Interest Rate" and "Amortization" below. Monthly Payments are automatically generated.
3. You can email the results to yourself at the end of the Form. Private & Confidential to you
|Purchase Price: $||Deposit amount: $|
C. I. Government Transfer of Land Stamp Duty 7.5%:
(**Based on Purchase price OR valuation which ever is higher)
|Required By Bank. 1% commitment fee of loan amount:||$|
C. I. Government Stamp Duty on Registration of charge:
1% or 1.50% of loan amount
(loan below S300.000 is 1% / loan above $300,000 is 1.5%)
|1% is used $|
|C. I. Government Registration of Charge Fee:||$ 50.00|
|C.l. Government Certified Copy of Land Registry Fee:||$ 20.00|
Legal / Attorney Preparation fees:
Average 0.45% to 1% of loan amount
|1% is used $|
|Life Insurance Assignment per applicant:||$ 100.00|
|Letter of Offer Government Stamp Duty Fee:||$ 2.00|
|Purchase Agreement Goverment Stamp Duty:||$ 100.00|
|Miscellaneous Disbursement fees||$ 244.00|
|TOTAL COSTS $0|
Total Funds Needed to Close a Loan