Not knowing the costs involved & how much you can afford? That’s all changed now!
We have NOW made it easier for everyone. FIRST TIME EVER custom real estate calculator built for the Cayman Islands.
Purchasing Cayman Real Estate can involve upfront, one time costs that are not normally associated with purchasing real estate in other parts of the World.
These costs can include Cayman Stamp Duty Costs, Government fees, Attorney fees, Registration fees, etc…
FIND OUT HOW MUCH YOU CAN AFFORD 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