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 Calculator Examples

Welcome To This Beautiful Home Situated On A Spacious Double Lot In A Highly Sought-After Neighborhood. Conveniently Located Close To All Amenities, Including Shopping, Dining, Golf Courses, And The Picturesque Waterfront Pavilion, This Property Offers An Ideal Blend Of Comfort And Convenience. As You Step Inside, You'll Be Greeted By An Open-Concept Main Floor That Seamlessly Connects The Dining, Kitchen, And Living Room Spaces, Creating A Perfect Setting For Both Everyday Living And Entertaining. The Main Floor Features Three Bedrooms, Including A Master With An Ensuite Bathroom, An Additional Bathroom, And A Living Room That Opens To A Lovely Deck Through A Patio Door, Providing An Excellent Space For Outdoor Relaxation. The Fully Finished Basement Is Designed For Ultimate Entertainment And Leisure, Boasting A Full Walkout That Leads Directly To An In-Ground Pool And Hot Tub. This Area Is Perfect For Hosting Barbeque Cookouts And Gatherings With Family And Friends. The Basement Also Includes One Bedroom, One Bathroom, An Office, A Laundry Room, And An Additional Living Room, Offering Ample Space And Versatility. With An Attached Garage Providing Secure Parking And Extra Storage, And Many Recent Upgrades Ensuring Modern Comfort And Style, This Home Is Move-In Ready. The Generous Double Lot Offers Plenty Of Outdoor Space For Recreation Or Gardening. Dont Miss The Opportunity To Own This Exceptional Property In A Prime Location. (Id:23934)
CALL1.877.896.6727
Property Price
$424,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$21,200
Mortgage Insurance ($)
$16,112
Mortgage Required ($)
$418,912
Best Mortgage Rate (%)
4.84%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$4,240
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$26,940
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$26,940
Monthly Payment
$2,398
Excellent Opportunity To Own This Very Well Located House. It Offers Three (3) Bedrooms, A Full Bathroom, A Large Living Room, Kitchen And Dining Room All On One Full Floor. In The Basement, We Find A Large Family Room And A Storage Space. This Property Was Built In 1966 With A Carport And Garages In Addition To An Adjacent Vacant Lot. Ideal For Family Or Rental, 10 Minutes Walking From The University. Be Quick !! (Id:23934)
CALL1.877.896.6727
Property Price
$194,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$9,745
Mortgage Insurance ($)
$7,406
Mortgage Required ($)
$192,561
Best Mortgage Rate (%)
4.84%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$1,949
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$13,194
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$13,194
Monthly Payment
$1,102
Cozy And Charming, This 3-Bedroom, 1-Bathroom Home Or Cottage Is Perfectly Located Just A Five-Minute Walk From A Quiet Beach. Nestled On A Spacious Lot, It Offers A Wonderful Retreat From The Hustle And Bustle Of Everyday Life. This Property Is Not Only Ideal As A Serene Home Away From Home But Also Has Great Potential As An Airbnb Investment. As You Enter, Youll Find A Spacious Mudroom That Provides A Welcoming Entryway And Practical Storage Solution For Coats And Shoes. The Good-Sized Kitchen And Living Room Are Perfect For Family Gatherings And Entertaining Guests. The Primary Bedroom Includes Convenient In-Room Laundry Facilities, Adding To The Homes Functionality. The Basement Is Designated For Storage, Ensuring Ample Space To Keep Your Belongings Organized. Outside, The Property Features A Storage Shed Equipped With Five 20-Amp Plug-Ins For Rvs And A Clean-Out Station, Making It Easy To Invite Friends And Family To Visit With Their Own Accommodations. Enjoy The Outdoors With A Front Deck That Is Covered And Wraps Around To The Side Entrance, Offering A Pleasant Space To Relax And Unwind. With Its Prime Location Near A Tranquil Beach And Ample Amenities, This Cozy Home Offers Endless Possibilities. Whether Youre Looking For A Peaceful Retreat Or A Lucrative Rental Opportunity, This Property Is Ready To Meet Your Needs (Id:23934)
CALL1.877.896.6727
Property Price
$249,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$12,495
Mortgage Insurance ($)
$9,496
Mortgage Required ($)
$246,901
Best Mortgage Rate (%)
4.84%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$2,499
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$16,494
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$16,494
Monthly Payment
$1,414
Welcome To 7 Sandpiper Road. This Well-Maintained 3 Bedroom Mini Home Is Conveniently Located Near All Saint John's East Side Amenities. Stepping Inside The Home From The Newer Wheel Chair Accessible Deck, You Will Be Warmly Greeted By An Inviting Main Living Space, Open To A Spacious Kitchen / Dining Area With Newer Stainless Steel Appliances. Down The Hall Is A Bathroom With A Newer Walk In Shower, And 3 Bedrooms. This Home Also Features Newer Windows, Providing An Abundance Of Natural Light Throughout. Also Located On The Property Is A Good Sized Shed. This Home Is Move In Ready, And Ready For A New Owner! (Id:23934)
CALL1.877.896.6727
Property Price
$119,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$5,950
Mortgage Insurance ($)
$4,522
Mortgage Required ($)
$117,572
Best Mortgage Rate (%)
4.84%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$1,190
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$8,640
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$8,640
Monthly Payment
$673
Opportunity Like This Doesn't Present Itself Often! This Waterfront Dream Property Offers Some Outstanding Possibilities! A Beautiful Country Cottage Style Two Bedroom Home, With A Covered Porch Offering A Spectacular View Of The Miramichi River. Down The Winding Driveway You'll Come Across Multiple Outbuildings, Including A Storage Building To Accommodate Travel Trailers, A Storage Shed / Workshop With Covered Porch Complete With Electricity And Another Beautiful Wired Outbuilding That Could Be Made To Be Your Very Own Office Space. An Incredible Lounge Space Is On The Property Ready To Offer An Amazing Venue For Entertaining, Hosting Weddings, Birthday Parties And More! Don't Miss Out On This Incredibly Unique Property! Schedule A Private Viewing Today! (Id:23934)
CALL1.877.896.6727
Property Price
$565,000
Minimum Down Payment (%)
5.58%
Minimum Down Payment ($)
$31,500
Mortgage Insurance ($)
$21,340
Mortgage Required ($)
$554,840
Best Mortgage Rate (%)
4.84%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$5,650
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$38,650
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$38,650
Monthly Payment
$3,177

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.