Dominica 💰 XCD Last updated2026-05-28

Mortgage Calculator Dominica

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Quick answer (Dominica)

A mortgage of 500,000 EC$ at 6.5% over 25 years works out to a monthly payment of about $3,376, with total interest of $512,811 over the full term.

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Mortgage Calculator

USD

Home Value

LTV 80% · No PMI ✓

Loan Amount

Interest Rate

Term

Total Monthly

$2,947

PITI

Principal + Interest

$2,363

51% goes to interest

Total Interest

$358,968

over 25 years

Monthly Breakdown

Principal & Interest$2,363

Property Tax (1.1%/yr)$401

Homeowner's Insurance (0.5%/yr)$182

Total Monthly$2,947

Principal vs Interest Split

49% principal

51% interest

✨ Live recalculation·Includes P&I, property tax, insurance. Estimates only — consult a licensed lender for exact rates.

Reviewed by

Aisha Rahman, CFP®, MBA LinkedIn ↗

CFP® with 12+ years in mortgage & retirement planning.

Local context

Mortgages in Dominica

Typical loan

$350,000

in Dominica

Typical rate

6.5% p.a.

prime borrower, 2026

Typical term

25 years

most common

Market overview

Dominica's mortgage market is led by the National Bank of Dominica (NBD), Republic Bank (EC) Dominica, and the Aid Bank of Dominica (AID Bank) which focuses on social and SME housing, regulated by the Eastern Caribbean Central Bank (ECCB). The Citizenship by Investment (CBI) program, which requires a minimum USD 200,000 government-approved real estate investment, drives a parallel cash-buyer segment alongside the local mortgage market.

Why 6.5% is the typical rate

A 6.5% rate reflects ECCB's 2% minimum savings rate and 6.5% discount rate combined with the XCD's hard USD peg at 2.70, which anchors rates close to USD benchmarks plus a regional bank margin.

Tax & regulatory notes

Property transfer carries a 2.5% transfer tax plus a 4% stamp duty for non-nationals and 4% for nationals, plus 1% legal fees. Mortgages register at the Land Registry. The Eastern Caribbean Home Mortgage Bank (ECHMB) provides regional refinancing liquidity to ECCU banks, supporting 25-30 year tenors. The CBI Real Estate program is governed by Statutory Rules and Orders under the Citizenship Act.

🧮 Worked example

A mortgage of 500,000 EC$ at 6.5% over 25 years

Loan amount

$500,000

Annual interest rate

6.5%

Term

25 years (300 months)

Monthly payment

$3,376

Total interest paid

$512,811

Total paid (principal + interest)

$1,012,811

❓ FAQ (Dominica)

Common questions in Dominica.

How does the CBI real estate option work?

Foreign investors can obtain Dominican citizenship by purchasing a minimum USD 200,000 stake in a government-approved development like Cabrits Resort or Anichi Resort. These are typically cash purchases, not mortgaged.

Is the XCD stable for long mortgages?

Yes, the XCD is hard-pegged to the USD at 2.70 since 1976 with full ECCB foreign-reserve backing, providing exceptional currency stability for 25-year mortgages.

Can non-nationals get a regular mortgage?

Yes, the National Bank of Dominica and Republic Bank lend to non-nationals with proven income and an Alien Landholding License, typically requiring 30-35% down and rates 1-1.5 points above national-borrower rates.

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