Tools · Trinidad & Tobago
Mortgage & Stamp Duty Calculator
Estimate your monthly mortgage payment, marginal stamp duty across the four T&T bands, and the full cash you’ll need at closing — including legal fees, valuation, and mortgage stamp duty.
Property Price
TT$1,500,000
TT$300,000TT$8,000,000
Down Payment
10% · TT$150,000
0%50%
Mortgage Rate
6.50%
3%15%
Term
25 years
5 yr35 yr
First-Time Buyer
Mortgage stamp duty exempt up to TT$1.5M
Title Insurance
Optional · ~TT$2,250
Monthly Payment
TT$9,115
on TT$1,350,000 over 25 yr
Property Stamp Duty
TT$24,500
Marginal across 4 bands
Total Closing Costs
TT$72,650
Cash Needed at Closing
TT$222,650
Down payment + all closing costs
Stamp Duty · Band Breakdown
How yours is calculated
| Band | In Band | Rate | Duty |
|---|---|---|---|
| Up to TT$850,000 | TT$850,000 | 0.0% | TT$0 |
| TT$850,000 – TT$1,250,000 | TT$400,000 | 3.0% | TT$12,000 |
| TT$1,250,000 – TT$1,750,000 | TT$250,000 | 5.0% | TT$12,500 |
| Total | TT$24,500 | ||
Closing Costs · Itemised
What you’ll pay at signing
Property stamp duty
TT$24,500
Legal fees
2.0% (mid of 1.5%–2.5%)
TT$30,000
Property valuation
$1,500 – $4,000 TTD
TT$2,500
Land Registry fee
$200 – $500 TTD
TT$350
Mortgage arrangement fee
~1% (varies by lender)
TT$13,500
Mortgage stamp duty
Exempt up to $450k · 0.2% above
TT$1,800
Total closing costs
TT$72,650
Reference
How Is Stamp Duty Calculated in Trinidad?
Stamp duty in T&T is calculated on a marginal (tiered) basis — meaning the rate only applies to the portion of the price within that band, not the entire price.
- Split the purchase price across the four bands
- Multiply each portion by the applicable rate
- Sum the results
Worked Example · TT$2,000,000 property
| Band | In Band | Rate | Duty |
|---|---|---|---|
| Up to $850,000 | $850,000 | 0% | $0 |
| $850,001 – $1,250,000 | $400,000 | 3% | $12,000 |
| $1,250,001 – $1,750,000 | $500,000 | 5% | $25,000 |
| Over $1,750,000 | $250,000 | 7.5% | $18,750 |
| Total | $55,750 | ||
What Other Closing Costs Should I Budget For?
Stamp duty is the biggest single line, but it isn’t the only one. Budget for all of the following:
| Cost | Typical Range |
|---|---|
| Stamp duty | Varies by price (use calculator above) |
| Legal fees (attorney) | 1.5% – 2.5% of purchase price |
| Property valuation | $1,500 – $4,000 TTD |
| Land Registry fee | ~$200 – $500 TTD |
| Mortgage arrangement fee | Varies by lender (TTMB, Republic, RBC, Scotiabank) |
| Mortgage stamp duty | Exempt ≤ $450k; ~0.2% above. FTB exempt up to $1.5M |
| Title insurance | Optional · ~$1,500 – $3,000 TTD |