Barbados Mortgage Calculator

Estimate your monthly payments, total cash to close, and full amortization schedule using Barbados statutory rates, including stamp duty, legal fees, MII, and PITI escrow.

Purchase price (BBD)

Appraised value (BBD)

Down payment (BBD)

Down payment (%)

Loan term (years)

Annual interest rate (%)

Borrower profile

First-time homeowner?

Yes, first-time buyer

Stamp Duty

6‰ of the loan amount. First-time buyers with property valued under $1.5M are fully exempt.

MII

Mortgage Indemnity Insurance is required when LTV exceeds 80%. The premium is capitalised into your loan.

Rate Cap

First-time buyers with loans under $250,000 BBD may qualify for a concessional rate capped at 4.0% p.a.