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

This Cozy Bungalow Is Just Waiting For Your Family! From The Moment You Enter The Front Door, You Feel Like You've Just Arrived Home. The Little Entry Way Is Open To The Living Room And You Can See Straight Through To The Dining Area. The Kitchen / Dining Area Has Patio Doors Leading Out To The Spacious Backyard. Down The Hall You Will Find 3 Bedrooms, A 4Pc Bathroom, And There Is Also A Laundry / Utility Room. This Home Is On A Cement Slab. The Large Backyard Is Fenced In . . . All Ready For Your Furry Friend And / Or Young Children. You Don't Want To Miss Out On This Lovely Home So Call Your Realtor® Today! 24 Hour Notice Is Required Due To The Home Being Currently Occupied By A Tenant. (Id:23934)
CALL1.877.896.6727
Property Price
$165,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$8,250
Mortgage Insurance ($)
$6,270
Mortgage Required ($)
$163,020
Best Mortgage Rate (%)
1.45%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$1,650
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$11,400
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$11,400
Monthly Payment
$648
New Listing !!! Perfect For First Time Home Buyer Looking For A Bungalow With An Attached Garage Plus A Storage Area. On Main Floor You Will Find, Kitchen, Living Room, Full Bathroom With 3 Bedrooms, Plus You Will Be Able To Enjoyed A Large Insulated Sunroom. The Basement Has A Large Family Room Ideal For Entertaining, A Laundry Room, A Full Bath, 1 Bedroom, With A Possibility Of Building Another Bedroom. Must Hurry!!! At This Price In This Hot Market, It Will Be Sold Fast! Call Today For A Private Showing 506-473-0751 (Id:23934)
CALL1.877.896.6727
Property Price
$119,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$5,995
Mortgage Insurance ($)
$4,556
Mortgage Required ($)
$118,461
Best Mortgage Rate (%)
1.45%
Mortgage Type
5 Years Variable
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
$471
Just Listed! (Id:23934)
CALL1.877.896.6727
Property Price
$98,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$4,945
Mortgage Insurance ($)
$3,758
Mortgage Required ($)
$97,713
Best Mortgage Rate (%)
1.45%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$989
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$7,434
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$7,434
Monthly Payment
$388
One Of Kind, Architectually Designed For The Lot Size, Orientation Of Sun & One Of The Best Sandy Beaches For Year Round Riverfront Lifestyle On The Most Beautiful Kennebecasis River That Offers Deep Water Mooring, North Access To Hammond River Or South Down To St. John River-From Kayaks To Sail Boats & Power Boats & All In Between! In Years Past, This Neighbourhood Began As Paddleboat Stop To Summer Cottages To Present Year Round Residency And There Are Still Nostalgic Markers Around To Give A Glimpse To The Past. With Stunning Views Of The Sunrise Reflecting On Historic Kingston Peninsula To Breathtaking Sunsets From All Rooms In The House; Thought Was Put Into Large Riverside Windows To Capture All This & More. Cedar Shake 2 Storey With A New England Coastal Flare The Casual Interior Spaces Welcome Family Big Or Small, Great Room Central Ultimate Home Office Space, Bring Out The Guitars For Jam-Fireplace Shared With Kitchen, Dining. Attractive Custom Kitchen Cabinetry With A Teak Stain Compliments Many Decor Today-Gas Range, Wine Fridge & Island Steps To Two Tier Waterfront Decking For Dining Alfresco. Up The Staircase Where Principal Bedroom Enjoys Optimum Views With Garden Tub Ensuite At The Window. In-Floor Heat Throughout Including Basement Is Appreciated. Spend Time On The Decks, Take A Chair To Your Private Beach, Sit Out On Your Dock & Drop A Fishing Line Or Read A Book-East Coast Lifestyle At Its Best. Evening Bonfire, Pull Out The Telescope & Enjoy The Night Sky. (Id:23934)
CALL1.877.896.6727
Property Price
$600,000
Minimum Down Payment (%)
5.83%
Minimum Down Payment ($)
$35,000
Mortgage Insurance ($)
$22,600
Mortgage Required ($)
$587,600
Best Mortgage Rate (%)
1.45%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$6,000
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$42,500
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$42,500
Monthly Payment
$2,335
New Listings! (Id:23934)
CALL1.877.896.6727
Property Price
$114,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$5,745
Mortgage Insurance ($)
$4,366
Mortgage Required ($)
$113,521
Best Mortgage Rate (%)
1.45%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$1,149
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$8,394
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$8,394
Monthly Payment
$451

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.