New Brunswick Mortgage Calculator

?
Enter the amount that you are planning on paying for the property
Property Value
STEP 1
Enter property purchase price
Haven't found a property to purchase yet?
Option #1
Option #2
Option #3
Option #4
?
Enter the amount that you will pay upfront
toward the property to obtain a mortgage
Down Payment
?
CMHC mortgage insurance is required on all
mortgages with down payment less than 20%
Mortgage Insurance
+
$19,000
$13,950
$11,900
$0.00
?
Total mortgage amount is calculated by subtracting
the down payment from the property price and adding
CMHC mortgage insurance (if applicable)
Mortgage Required
=
$494,000
$463,950
$436,900
$400,000
?
Amortization period is length of time that it would take
the mortgage holder to pay off the mortgage in full
Amortization Period
?
Please select the province where you are planning
on taking out the mortgage, as mortgage rates can
vary in different provinces
Select Province
STEP 2
Select province to get current
mortgage rates
?
Mortgage type specifies whether the interest
rate is variable or fixed
Mortgage Type
?
Mortgage term is the duration of time that you
are committed to a lender, rate and conditions
Mortgage Term
?
Mortgage rate is the interest rate that you will
be paying on the outstanding balance for the
duration of the mortgage term
Mortgage Rate
Select
Select
Select
Select
STEP 3
Select one of the mortgage
rates currently available
?
Please select how often you would like
to make your mortgage payments.
Payment Frequency
?
Mortgage payment is the amount that you will be
required to pay based on your mortgage terms
Mortgage Payment
?
This is an estimate of how much you should expect
to spend upfront in order to make this purchase
Cash Needed
Down Payment
$25,000
$50,000
$75,000
$100,000
Mortgage Insurance PST
+
$0
$0
$0
$0
Lawyer Fee
+
$1,000
$1,000
$1,000
$1,000
Title Insurance
+
$500
$500
$500
$500
Land Transfer Tax
+
Total Cash Needed
=
$28,020*
$52,616*
$77,457*
$101,500*
* Plus Land Transfer Tax, please select New Brunswick city to calculate Land Transfer Tax

Contact Us

First Name
Last Name
Email
Phone
Message (Optional)
OR CALL
1.877.896.6727

New Brunswick Mortgage Examples

This Home Is Available Immediately, Close To All Amenities Downtown Moncton And Close To Walking Trail In An Established Neighborhood With A New K-8 School. The House Has Hardwood Floors, Newer Cupboards 3 Yrs Ago, Interior Freshly Painted, Upgraded Windows And Vinyl Siding, Newer Furnace 5 Yrs Old, Hot Water Heater And Roof Are 8 Years Old. There Are 5 Bedrooms, 2 Are On The Main Floor And One Could Be Used As A Dining Room. Home Has A Split Heat Pump. And The Other As A Den / Office. There 3 Bedrooms Up, One With A Walk In Closet. There Is A Single Car Garage 22.4 X 14. House Rewired In 2019. (Id:23934)
CALL1.877.896.6727
Property Price
$109,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$5,450
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$1,090
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$8,040
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$8,040
Monthly Payment
$482
Beautiful 4 Bedroom, 2 Bathroom Bungalow Located Near Many Services (School, Hospital, Park, Walking / Snowshoe / Cross Country Skiing Trails, Grocery Store Etc...) This House Has Been Through Many Renovations In The Last Years (Siding, Paint, Flooring, Roof On Shed Etc...) You Will Also Appreciate The Large Dining Room Located In The Back Extension. Beautiful Renovated Bathroom With Whirlpool Bath And Separate Shower.Finished Basement With Full Bathroom, Family Room And 2 Bedrooms. Come In For A Visit You Will Be Impressed. (Id:23934)
CALL1.877.896.6727
Property Price
$149,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$7,495
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$1,499
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$10,494
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$10,494
Monthly Payment
$663
Welcome To Doucet Subdivision! This Huge, All Brick 4 Level Side Split Has Over 2654 Square Feet Of Usable Living Space. Situated On A Large Corner Lot Overlooking Both The Harbour And The Tetagouche River, The Exterior Features A Wide Circular Driveway, Nicely Landscaped Yard, Large Shed And Gazebo. The Decks Are All Redone And Have Been Capped In Pvc For Maintenance Free Living, The Huge Windows Are All Pvc And The Roof Was Redone Approx. 5 Years Ago. Inside You Have A Tons Of Space, With A Woodburning Fireplace And A Heatpump For Air Conditioning And Heating, 3 Large Bedrooms On The Upper Level And The Living Room Is Filled With Lots Of Natural Light. The Entire Main Level Has Plaster Walls For Extra Warmth And Noise Cancellation. Step Down One Level To The Area That Can Either Be Used By The Family Or Rented Out As An Apartment Or Granny Suite With A Large Kitchen / Family Room, 3 More Bedrooms, A Walkout To A Deck Area, A Laundry Room And Extra Bathroom. The Possibilities For This House Are Endless And Although It Needs Some Updating, It Is Well Worth A Look As The Owners Are Motivated To Sell!! Use It As A Large One Family Home Or Take Advantage Of The Huge Granny Suite In The Lower Level To Help Pay The Mortgage! **Taxes Are Currently Doubled Due To Non-Owner Occupancy ** Nb Power Average Monthly $337./Mth. (Id:23934)
CALL1.877.896.6727
Property Price
$175,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$8,750
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$1,750
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$12,000
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$12,000
Monthly Payment
$774
Modern Two Storey In Dieppe! Located On A Quiet Cul-De-Sac And On A Private Treed Lot, This Beautiful Home Awaits Its New Owners. The Main Level Features An Open Concept Living Space With Dramatic Cathedral And Highlighted By Propane Fireplace. The Kitchen Is The Heart Of The Home Offering A Large Center Island With Ample Seating And Bar Sink, Double Wall Oven, Quartz Countertops, Chop Block And Many More Features. Half Bath Complete This Level. The Upper Level Includes Master Bedroom With Walk-In Closet And Luxurious 4 Piece Ensuite With Jetted Tub, Two Well Appointed Bedrooms, 5 Piece Bathroom And Separate Laundry Room. The Lower Level Adds Additional Living Space With Huge Family Room, 4Th Bedroom And Full 4Pc Bath. Extras Include: Heated Saltwater Pool, Fenced-In Yard, Central Air Heat Pump And More. Call To View! (Id:23934)
CALL1.877.896.6727
Property Price
$549,900
Minimum Down Payment (%)
5.45%
Minimum Down Payment ($)
$29,990
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$5,499
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$36,989
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$36,989
Monthly Payment
$2,419
This Is Your Home, Waiting For You.Situated On A Curving Oversized Lot... This Home Is Undoubtably The Most Striking On The Street. The Stone Accents On The Facade, The Architectural Design On The Roof Line, The Mature Landscape...Not To Mention That Super Convenient Paved Walking Path For The Kids To Hop To School. This 3+1 Bedroom Home Has Been Recently Updated And Shows Like New. The Stylish Grey Tones With Updated Lighting Accents Will Make You Say ""Wow"". The Main Living Space Of This Home Is Forward Thinking With Soaring Vaulted Ceilings And A Fireplace Flanked By Oversized Windows Allowing A Plethora Of Natural Light To Illuminate The Space. The Maple Kitchen Is Impressive With An Abundance Of Cabinetry, New White Subway Backsplash, New Tile Floors And New Countertop. The Master Bedroom Has Large Windows And An Ensuite With Heated Tile Floors That Will Have You Saying Ohh-Listing Agent- Listing Agent! The Childrens Bath Features A Curved Jet Tub As Well As Heated Floors.The Lower Level Is So Functional With A Large Light Filled Bedroom, A Family Room Perfect For Cozy Winter Movie Nights, An Oversized Laundry Room And An Additional 1 / 2 Bath. The Garage Is Fully Finished With A Built-In Mudroom Area To Keep The Familys Items Organized.There Is Also A Hot And Cold Taps In The Garage With A Utility Room. Outside Is Beautifully Landscaped With Generous Paved Parking, Retaining Wall And Oversized Shed. The Kids Will Love Playing Outside On Their Expansive Sports Pad. Immediate Occupancy Offered. (Id:23934)
CALL1.877.896.6727
Property Price
$294,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$14,745
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$2,949
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$19,194
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$19,194
Monthly Payment
$1,304

Mortgages In New Brunswick

Boasting being the 'lobster capital of the world' is just one of the many perks to living in New Brunswick! Edging the Bay of Fundy that is known for its world's highest tides sits the Hopewell Rocks, which is a great launching point for people that want to walk out onto the ocean floor when the tide is out for seashell & rock collecting. With so much to explore and do in this province, it is no wonder why many home buyers choose this place to call home. The real estate collection found here range from urbanite-friendly condominiums, multi-storey homes, executive townhomes, mansions, large estates with acreage, vacant lots ready for new homes, and single family homes in bungalow & rancher styles. The best way to move forward when a mortgage loan is the means of purchasing a new home is to use a New Brunswick mortgage calculator to work out the monthly costs of a mortgage loan. A quicker way for home buyers to figure out how much a home & mortgage loan would amount to every month and annually with interest is to use a mortgage calculator. Buyers can locate this and other kinds of calculators that are mortgage related on the Internet (any bank website, mortgage company website and third party websites).
The mortgage calculator(s) are free and easy to use repeatedly, and for first time home buyers, they offer an in-depth look at how a mortgage loan comes together. Self-employed home buyers now have new mortgage options available & easier mortgage requirements with lenders, so buying a new home in New Brunswick is less difficult. The CMHC has finally loosened up on their strict guidelines, giving lenders more freedom to work with self-employed people for a mortgage loan. Just like the differences between the people who wish to borrow enough money to purchase a home, there are a few different mortgage loan products. Some mortgages are designed to work better for borrowers that have at least a 20% down payment saved for their new home (a conventional mortgage). Some mortgages utilize the top three mortgage types and combine them, splitting a mortgage into terms throughout the life of the loan (fixed rate mortgage, adjustable rate mortgage & variable rate mortgage). There are mortgage loan products that perform for home buyers who have already carried a mortgage loan in the past, have built up equity in an existing home, etc. (a home equity line of credit, a collateral mortgage, a portable mortgage or a cash back mortgage).
Qualifying for a mortgage loan in New Brunswick depends on the lender, the information a borrower obtained through use of a mortgage calculator (learning about monthly affordability), the home & property, and personal finances. A lender will look at all sides of a borrower's finances and the property of interest to ascertain whether a borrower is keen on a home in a desirable location, its appraised value, its purchase price, and age of the structure. For insurance purposes, the lender must know if the borrower will live in the home personally, or if it will be turned into a rental and if the borrower is considered a high risk to the lender (high risk mortgages require mortgage default insurance on top of the insurance that will be required for the house itself). A lender will scrutinize over a person's financial situation and background to ensure that there is plenty of room each month with total income to cover the home and its potential expenses comfortably. Home buyers should be in a solid financial standing (verifiable income, great credit rating, job/income stability, low debt ratio to monthly expenses & income, own assets, have money saved, and show financial responsibility to any debts owed.