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

Very Well Maintained 5 Bedroom Home With 2 Bedroom Income Apartment Upstairs. This Property Has It All, Main Floor Offers Bright Kitchen With Large Island, Newly Renovated Bathroom With Double Sinks, Large Master Bedroom On The Main Floor As Well As 2 Other Bedrooms. Main Floor Continues To Offer Formal Dinning Room With Formal Living Room As Well As A Den With Propane Fireplace And Laundry Room, And That Just Completes The Main Floor. Upstairs On One Side Offers 2 More Bedrooms, A 3 Piece Bathroom As Well As A Enclosed Porch Area. Upstairs On The Front Half Of The Home Offers A 2 Bedroom Apartment Complete With Private Entrance, Washer And Dryer Hookup, Large Bay Window And Separate Meter For Hydro. Most Of The Home Is Heated With A Central Heat Pump To Provide Air Conditioning And Heating. Don't Miss Out On This One!! Large 16X20 Workshop / Garage With Wooden Floor. (Id:23934)
CALL1.877.896.6727
Property Price
$209,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$10,495
Mortgage Insurance ($)
$7,976
Mortgage Required ($)
$207,381
Best Mortgage Rate (%)
1.69%
Mortgage Type
3 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$2,099
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$14,094
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$14,094
Monthly Payment
$847
Please Use Our Industry Leading 3D Technology To Tour This Property Before Booking A Viewing. A Beautiful Estate Property Sitting On 1.14 Acres Of Mature Land With A Buffer Of Forest Behind. A Property Like This Is Rare Today In Quispamsis, Lots Of Privacy And Space Yet Only A Short Easy Walk To Our Wonderful Brewpubs, Restaurants And Groceries... Its A Primo Location. Many Wonderful Memories Were Made In This Simple Yet Charming 2 Storey Gingerbread House Oozing Charm And Character With A Front Porch Worthy Of Sitting And Letting The Day Pass You By. The Hardwood Floors Are In Remarkable Shape On The Main Level And The Kitchen Gives A Very Warm Retro Vibe. The Original Owners Fell In Love With The Stately Fireplace In The Living Room And The Rest Was History... As The Family Got Bigger They Added On And A Main Floor Primary Bedroom Was Born Along With A Handy Half Bathroom. Upstairs Are 2 Additional Bedrooms With Space Saving Built-Ins And Lots Of Natural Light. The Property Is A Nature Lovers Dream With All The Birds, Flowers, Trees And Mature Hedges Offering Shade And Privacy. The Large Detached 3 Car Garage (34X22)Offers Endless Possibilities For The Do-It Yourselfer Or Perhaps Covert To Home Office Or Home Based Business. The Footprint Of The Lot Is Large And There Is Potential Of Subdividing... Town Approval Would Be Required Of Course. Great Opportunity In The Heart Of Quispamsis! Masks & Gloves Must Be Worn And Covid Questionnaires Must Be Signed Before Viewing. (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 (%)
1.69%
Mortgage Type
3 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
$1,009
New Listing (Id:23934)
CALL1.877.896.6727
Property Price
$77,500
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$3,875
Mortgage Insurance ($)
$2,945
Mortgage Required ($)
$76,570
Best Mortgage Rate (%)
1.69%
Mortgage Type
3 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$775
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$6,150
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$6,150
Monthly Payment
$313
Looking For A Country Feel That's A Short Drive To The Core Of Rothesay That You Can Be In For The Holidays? Welcome To 254 Bradley Lake Rd. This 2 Bedroom, 1 Bath Home Is A Great Starter Home Or A Place To Settle, If You're Looking To Downsize. The Home Is Situated On Just Under An Acre Lot With 2 Storage Sheds And A Nice, Flat Yard. The Back Deck Is Large Enough To Entertain A Large Crowd And There Is Ample Parking. Enter Into The Dining / Sun Room That Is Open To The Kitchen. The Family Room Can Also Be Found On This Level. There Is A Wood Stove, That Has Been Removed But Can Be Re-Installed, If You Wish To Heat The Home That Way. There Is A Bedroom On This Floor That Has A Walk-Through To The Bathroom / Laundry Room. Upstairs, You Will Find Another Bedroom And A Room That Was Used As A Bedroom That Would Make A Great Office. Property Taxes Reflect Non-Owner Occupied. (Id:23934)
CALL1.877.896.6727
Property Price
$150,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$7,500
Mortgage Insurance ($)
$5,700
Mortgage Required ($)
$148,200
Best Mortgage Rate (%)
1.69%
Mortgage Type
3 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$1,500
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$10,500
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$10,500
Monthly Payment
$606
Affordable Living, Family Friendly Neighbourhood Close To The New School And All Amenities. Situated On An 8000 Square. Ft. Lot Offering Gorgeous Water Views Off The Back Deck And Privacy! Single Family Bungalow Featuring An Attached Single Car Garage With Access Inside The Home. Come On In The Front Door Into A Cozy Mud Room Into Your Front Foyer. The Well Maintained Hardwood Floors Will Not Go Unnoticed, The Bright Living Room Off To The Right Is Spacious And Sunny. Your Eat In Kitchen Also Offering More Natural Light And Water Views For When Your Prepping For Supper. Down The Hall You'll Find Lots Of Closet Space, Full Bath And 3 Bedrooms. Your Master Bedroom Has Double Closets For Him And Her, All Bedrooms Are A Great Size. Downstairs Is Partially Finished, Laundry Can Be Found Down Here, A Family Room And Lots Of Potential To Create A Space Of Your Own. Primary Heating Source Is Electric Baseboard, But This Also Has A Heat Pump Which Allows This Home To Be Very Cost Efficient. Another Bonus Is The Roof Is Only A Couple Months Old! All Vinyl Windows And Siding, Along With A Paved Driveway. Book Your Showing Today, This House Will Not Last Long! (Id:23934)
CALL1.877.896.6727
Property Price
$168,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$8,400
Mortgage Insurance ($)
$6,384
Mortgage Required ($)
$165,984
Best Mortgage Rate (%)
1.69%
Mortgage Type
3 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$1,680
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$11,580
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$11,580
Monthly Payment
$678

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.