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

Very Well Cared For 4 Bedroom/ 2.5 Baths. Split Entry With Detached Garage. Roof & Windows Under 10 Years Old! Central Vac. Featuring 2 Heated Floor Bathrooms & Mini Split Heat Pump. Hardwood In Excellent Condition. New Screened In Pressure Treated Lumbered Porch In 2012. Won't Last Long ! (Id:23934)
CALL1.877.896.6727
Property Price
$205,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$10,250
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$2,050
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$13,800
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$13,800
Monthly Payment
$906
1.5 Storey Home With New Garage, New Flooring On Main Floor, New Kitchen & New Plumbing. Welcome To 12 Kirkwood Dining Room, Moncton, Located Close To The Champlain Mall, Highway And All Amenities! The Main Floor Boasts All New Flooring And Offers A Welcoming Living Room, Eating Area, An Updated Kitchen, A 4Pc Bath And A Storage Room. Up The Stairs To The Second Level, You Will Find 3 Nice Bedrooms. Additional Features Include The New 16X20 Garage, Updated Plumbing, A Nice Front Deck And A Back Screened-In Porch. Priced To Sell! Set Up Your Private Viewing Today! (Id:23934)
CALL1.877.896.6727
Property Price
$119,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$5,995
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$1,199
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$8,694
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$8,694
Monthly Payment
$530
Don't Miss Out On This Lovely Newly Renovated 2 Bedroom Home. New Kitchen And Full Bathroom On The Main Level, Refurbished Hardwood, Laminate And Cushion Floors Throughout. Foyer Entry At Back. Large Eat In Kitchen. Sliding Glass Doors To Deck At Back And Porch. Very Easily Heated. Very Well Maintained 2 Bedroom Home That Is Bright And Cheery, Would Make A Good Starter Home With Room To Expand Back Into 3 Bedrooms Upstairs. Taxes Reflect Non Owner Occupancy. Property Is Handy To All Amenities Including The College. (Id:23934)
CALL1.877.896.6727
Property Price
$89,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$4,495
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$899
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$6,894
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$6,894
Monthly Payment
$397
Located Close To All Amenities, This Updated Mini-Home Has Undergone Many Renovations In Recent Years Including Updated Kitchen, Floor, Bathroom, Heat Pump, Doors And A Private Backyard Fenced In Area. With Two Bedrooms And A Large Walk In Closet, This Mini-Home Is Ideal For A First Time Homebuyer Or Someone Looking To Downsize. Simply Move Right In And Start Enjoying Your New Home! Call Today For More Details Or To Schedule A Tour (Id:23934)
CALL1.877.896.6727
Property Price
$55,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$2,750
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$550
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$4,800
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$4,800
Monthly Payment
$243
Walking Distance To Shopping And Hospital, This Bungalow Was Rebuilt After A Fire 10 Years Ago. Ideal Retirement Living As Everything Is On One Level! Home Features Vinyl Siding And Pvc Windows For Maintenance Free Living! Layout Offers 2 Bedrooms A Full Bathroom And Laundry Area, Open Concept Living / Dining / Kitchen. Home Has Hardwood & Ceramic Flooring. Carport 12X24 And Storage Shed 8X12 (Wired). Yard Is Partially Fenced. Good Solid Value, Cheaper Than Rent Own This Home. Nb Power Average Monthly Billing $137.00. (Id:23934)
CALL1.877.896.6727
Property Price
$112,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$5,600
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$1,120
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$8,220
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$8,220
Monthly Payment
$495

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.