Equity in your home

Full calculator

What your property is worth, less what you still owe, is your equity. How much of it a bank will lend against depends on the loan-to-value ratio it will go to — and in Cayman that turns largely on whether you are Caymanian, resident, or buying from overseas.

Your property
CI$

A bank will lend against its own valuation, not an asking price or an estimate.

CI$

Leave at zero if the property is owned outright.

How much a bank may lend

%

Edit it to match what your own bank has told you. The suggestions below the page explain where these come from — and they are the ceiling, not an entitlement.

If you borrow against it
%
yrs

Releasing equity means a larger loan: a new charge, stamp duty on it, and a payment to make.

Costs of releasing
% of the new money
CI$
CI$

Mortgage stamp duty is set by law: 1% of the sum secured up to CI$300,000, and 1.5% of the whole sum above that. It is worked out on the new charge.

Equity in the property

Could be released
Loan-to-value now
Payment on the new money
Costs to release

How the value splits

What it is worth

What this means

What each status allows

On this property, at these ratios
StatusSuggested LTVCould borrowCould release

Banks set their own rules and will not always go to these ratios. A higher ratio also means a larger loan, and the payment still has to pass the bank's affordability test.