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

Beautiful Executive Bungalow In New Maryland! Built In 2016, This 3-Bedroom Home Offers Modern Finishes, An Open-Concept Layout, And Many Upgrades. From The Front Entrance, Find Access To The Attached Double Garage With Upgraded Epoxy Floors. Straight Ahead Is The Great Room, With 9 Tray Ceiling Over The Living Room. The Gorgeous Kitchen Boasts White Cabinetry (Soft-Closures), Quartz Countertops, Tile Backsplash, Farm-Style Sink, Under-Cabinet Lighting, And A Large Island. Patio Doors Off The Dining Area Lead To A Deck Overlooking The Landscaped Backyard. Down The Hallway, Find A Laundry Room With Plenty Of Storage, Main Bathroom, And Three Bedrooms With Walk-In Closets Including The Fabulous Master Suite. The Large Master Bedroom Boasts Tray Ceiling, Walk-In Closet (Built-In Shelving), And Private Ensuite With Multi-Head, Tile Shower. Main Level Offers Beech Hardwood And Ceramic Throughout. The Lower Level Is Partially Finished With A Massive Family Room, Plus Tons Of Storage And Potential Future Development Egress Window In Potential Bedroom And Plumbed For Third Bathroom. Further Features To This Lovely Home Include Upgraded Fixtures From The Lighting Gallery, 2 Ductless Heat Pumps, Full Landscaping, Paved Driveway / Walkways, Security System, Coded Entry To Front Door, Central Vac, And Stainless-Steel Appliances. 43 Sandcherry Lane Is A 2-Minute Walk To The Park / Elementary School And Less Than A 10-Minute Drive To Fredericton. Truly A Spectacular Home! (Id:23934)
CALL1.877.896.6727
Property Price
$449,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$22,495
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$4,499
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$28,494
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$28,494
Monthly Payment
$1,989
Home Ownership Made Easy! Move Right In To This Sweet 3 Bedroom Split Entry And Enjoy Hassle Free Living! The Current Owners Have Taken Care Of All The Big Maintenance Items For You! New Roofing Shingles, Upgraded Insulation, New Ductless Heat Pumps (Owned!), Newly Paved Driveway, New Cold Water Tank, All Windows On The Main Level Have New Thermal Panes, New 3 / 4 Bath Added In The Basement, New Kitchen And Bathroom Faucets, And Professionally Painted Through Out! This Home Offers A Lovely Open Concept Living And Dining Area. The Kitchen Has Great Counter Space And A Convenient Island For Cooking And Baking. Did I Mention All The Appliances Are New? An Abundance Of Natural Light Fills The Main Floor! Master Bedroom Is A Great Size Featuring His And Her Closets. Basement Offers Plenty Of Storage, A Laundry Area And Room To Expand If Needed. All This On A 1 Acre Lot In A Highly Desired Neighbourhood! (Id:23934)
CALL1.877.896.6727
Property Price
$254,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$12,745
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$2,549
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$16,794
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$16,794
Monthly Payment
$1,127
Charming Older Home On Miramichi Ave. Immaculate Well Kept Home Ideal For A Young Couple Starting Out. Detached Garage Has A Wooden Floor Providing Plenty Of Storage. House Has A Lovely Covered Front Porch, Main Floor Offers Living And Dining Rooms With Shiny Laminate Flooring, Painted Kitchen Cabinets And Back Porch With Laundry And Provides A Nice Mudroom / Entry. Upstairs 3 Bedrooms (No Closets But Room For Wardrobes Or To Add Closets). Some Closets In The Hallway And A Full Bathroom Upstairs. Basement Has Been Sprayed With Spray Foam Insulation And Has An Electric Forced Air Furnace And 100 Amp Breaker Panel. Roof On Back Porch And Garage Is Metal. House Roof Is Shingles And Was Done In 2013. Pvc Windows And Vinyl Siding. Back Patio With Hot Tub That Could Be Sold Separately. Also Appliances Could Be Negotiated. Average Monthly Nb Power Bill $277.00. (Id:23934)
CALL1.877.896.6727
Property Price
$69,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$3,495
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$699
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$5,694
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$5,694
Monthly Payment
$309
Tucked Away In The Heart Of Rothesay On The Quaint Street Of Almon Lane, This Cedar Shake Dutch Colonial Sits Privately On Just Under An Acre Of Ground. Surrounded By Mature Trees, This Gambrel Roofed Home Welcomes All With A Circular Driveway And Wrap Around Verandah. A Glass Double Door Entry With Mullions, High Ceilings And Grand Staircase With Original Banister Details Set The Tone As The First Visuals To Be Seen Upon Entrance. A Custom Kitchen Highlights Dark Granite Countertops And Matching Island Along With A Row Of Eye Level Display Cupboards. A Butlers Pantry Stocked With Cabinets Connects The Kitchen To The Formal Dining Room. The Living Room And Family Room, Both Spacious With Soaring Ceilings, Original Woodwork, Built Ins And Wood Burning Fireplaces Show Off Few Of Many Characteristic Elements In This This Stately Colonial. Finishing Off The Main Floor, An All-White Powder Room And Mudroom With Laundry Are Conveniently Located. Heading To The Second Level Up Your Choice Of Stairways, Two Bedrooms Share A Connecting Jack And Jill Powder Room And Sunroom. The Master Bedroom, Full Bathroom, Office Space And Fourth Bedroom Complete This Floor. On The Highest Level, The Loft Features A Sloped Ceiling Open Concept Space With Updated Bathroom And Window Seat. Situated Within Arms Reach To Everything Old Rothesay Has To Offer Including The Rothesay Common, Yacht Club And More. Serenity Awaits In This Desirable Dwelling Of Rothesay. (Id:23934)
CALL1.877.896.6727
Property Price
$549,000
Minimum Down Payment (%)
5.45%
Minimum Down Payment ($)
$29,900
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$5,490
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$36,890
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$36,890
Monthly Payment
$2,416
Well Kept 1 1 / 2 Storey House In Riverview On 1 / 2 Acre Lot. Near Riverview East K 8 School, Mill Creek Nature Park Walking Trails. A Dining And Sitting Area Added In 1987 With Lots Of Windows Overlooking A Large Back Yard Which Is Visited By Deer, Pheasants And Other Wildlife. No Showings Until February 1, 2020. Earliest Closing Would Be April 15, 2020 When New Home Ready. You Will Not Be Disappointed In This Cozy Home ! Call Your Realtor® To View. (Id:23934)
CALL1.877.896.6727
Property Price
$144,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$7,245
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$1,449
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$10,194
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$10,194
Monthly Payment
$641

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.