Estimate your true cost of purchasing property in the Dominican Republic. This calculator uses DR-specific bank rates, tax structures, and closing costs — including CONFOTUR incentives — to give you an accurate picture of your investment, from closing day through the life of your loan.
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Year-by-year breakdown of your $210,000 loan at 8% over 20 years.
The Dominican Republic allows foreigners to own property with the same rights as citizens. However, financing terms differ from local buyers:
Important: Many foreign buyers purchase in cash to avoid DR interest rates and negotiate 10–20% discounts. If financing, compare the total cost (including interest) against deploying the same capital in your home market. DR rates are significantly higher than US/EU mortgage rates.
Explore our other DR-specific calculators for a complete investment picture.
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Get an instant estimated market value for any Dominican Republic property based on location, size, condition, and features.
Get a detailed breakdown of all purchase costs — transfer tax, legal fees, notary, and CONFOTUR savings.
Estimate short-term rental revenue with ADR, occupancy, seasonal breakdown, and net income projections for the Samaná peninsula.
See exactly how much you save with CONFOTUR — transfer tax, IPI property tax, and rental income tax exemptions over 15 years.
Calculate your true monthly ownership costs including mortgage, taxes, insurance, utilities, and rental income offset.
Yes. Several DR banks that finance Samaná Peninsula properties offer mortgages to foreign nationals, typically in USD at 7–9% with a 60–70% LTV (meaning 30–40% down payment required). The process requires more documentation than for residents, including proof of income, bank references, and often a local attorney familiar with Samaná.
CONFOTUR (Consejo de Fomento Turístico) is a Dominican government program that grants tax exemptions to qualifying tourism-related properties. Eligible buyers are exempt from the 3% transfer tax at purchase and the annual IPI property tax for 15 years. This can save tens of thousands of dollars over the ownership period.
Standard closing costs are approximately 5% of the purchase price, including the 3% transfer tax, legal fees (~1%), and registration/notary costs. CONFOTUR-eligible properties in Samaná reduce this to roughly 1.5% by eliminating the transfer tax.
The Impuesto al Patrimonio Inmobiliario (IPI) is an annual property tax of 1% on the assessed value above approximately $170,000 USD (adjusted annually). Properties under this threshold, land parcels, and CONFOTUR-certified properties are exempt.
Most foreign buyers prefer USD-denominated loans to avoid currency risk. DOP loans carry higher rates (11–14%) and expose you to peso depreciation, which can increase your effective cost. USD loans at 7–9% are more predictable, though the rate is higher than many home countries.
For foreign buyers purchasing in Samaná, most banks require 30–50% down. DR residents can sometimes secure financing with 20–30% down. Higher down payments often qualify for better interest rates. Cash purchases are common in the Samaná market and can provide negotiating leverage.
Yes, many buyers in tourist areas like Las Terrenas and the Samaná Peninsula use short-term rental income to offset ownership costs. However, rental income varies by season, property type, and management quality. We recommend using conservative occupancy estimates (30–35%) when planning your budget, and treating any rental income as a bonus rather than a guaranteed payment.
This calculator is scoped to the Samaná Peninsula (Las Terrenas, Samaná town, Las Galeras, El Limón) and provides estimates for informational purposes only. It does not constitute financial or investment advice. Actual rates, terms, and costs vary by lender, property, and buyer profile. Consult with a licensed attorney and financial advisor before making purchase decisions. Market data reflects 2024–2025 Samaná benchmarks and may not reflect current conditions or other regions of the DR.
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