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

Just Listed! Estate Sale. Main Level Features; Living Room, Eat-In Kitchen, 2 Bedrooms, 1.5 Baths And Laundry. Basement Is Unfinished. House Does Need Some Updating. House Has Awesome Potential And Sits On A Lovely Mature Lot. Single Detached Garage. (Id:23934)
CALL1.877.896.6727
Property Price
$174,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$8,745
Best Mortgage Rate (%)
1.99%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$1,749
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$11,994
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$11,994
Monthly Payment
$731
This Gorgeous Move In Ready Home Is Sure To Impress With Its Many Updates & Beautiful Finishes Offering The Perfect Mix Of Modern & Old World Charm. Tastefully Decorated Throughout, & Well Maintained, The Main Floor Offers A Wonderful Living Room With Exquisite Fireplace, Hardwood Flooring & Crown Moulding, A Lovely Dining Room & Large Eat In Kitchen With Wonderful Floor Plan, New Dishwasher, New High End Kitchen Faucet And Plumbing Updates, As Well As A Main Floor Full Bath With Convenient Main Floor Laundry, & Office / Den. Upstairs You Will Find 4 Bedrooms & Full Bath, & Downstairs Is A Large Recreation Room & Workshop That Has New Lighting And Electric Updates. The Basement Has 6 Foot Ceilings. Beautiful Front Porch, & Large Back Deck / Patio With New Decking Offers Lots Of Space For Outdoor Entertaining & Relaxing, & The Private Yard Is Ideal For Children & Pets. Attached Oversized Carport As Well As Shed Provides Room For Storage Of Cars & Outdoor Toys. Driveway Recently Had Asphalt Repairs Completed. Located Within Walking Distance To All Amenities, Trails, & Park. Priced Well Below Recent Appraisal! This Home Must Be Seen To Be Appreciated, Call Today To Schedule Your Private Tour! (Id:23934)
CALL1.877.896.6727
Property Price
$179,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$8,950
Best Mortgage Rate (%)
1.99%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$1,790
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$12,240
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$12,240
Monthly Payment
$748
Great Opportunity To Live In Kv For Under $200K! Located With All Amenities Nearby, This Sweet Bungalow Is Cute As Can Be With Its Covered Front Verandah And Would Be A Perfect Starter Or Retirement Home. Main Floor Has A Sunny Living Room, A Spacious Kitchen / Dining Room Combination With Plenty Of Counter Space And Cabinetry. There Are Also Three Bedrooms And The Main Bathroom On This Level And Master Has Privacy Door To Main Bathroom. Lower Level Has A Large Recreation Room, A Den / Office, A Large Storage Room With The Laundry And Walkout To The Backyard. Outside Youll Find A Very Large Backyard, Perfect For Children And Pets Plus A Large Storage Shed. Call Today For Your Private Viewing. (Id:23934)
CALL1.877.896.6727
Property Price
$199,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$9,995
Best Mortgage Rate (%)
1.99%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$1,999
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$13,494
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$13,494
Monthly Payment
$835
Welcome To 35 Melrose St. In Very Popular Moncton East. Nested Right Off Shediac Rd. Get Ready To Fall In Love With This Beautiful 1 ½ Storey Custom Built Home. Offering Just The Right Touch Of Traditional Meets Contemporary, This Home Is Sure To Leave A Lasting Impression. Walk In To The Spacious Foyer Overlooking The Living Room Which Features A Large Wood Burning Fireplace With Hand Crafted Wood Mantel. To The Left Of The Living Room Is A Large Office With Custom Wall Bookshelves. To The Right Of The Living Room Is A Family Room With Large Windows Boasting With Natural Light. Off The Family Room Is The Large Kitchen Featuring Propane Stove, Modular Island With Butcher Block Counter Top Perfect For Entertaining Guests Or Meal Prepping. Open To The Kitchen Is The Dining Room With An Adjacent Sunroom Overlooking Your Private Treed Backyard. Off The Kitchen And Down The Hall You Will Find A 2Pc Bathroom And Very Large Master Bedroom With Walk-In Closet And 4Pc Ensuite Bathroom. On The Second Floor Is Where You Will Find Two More Bedroom, A Nice Study With Exposed Brick And A 5 Piece Bathroom. If This House Checks All The Boxes, Call Realtor® Today To Schedule Your Very Own Private Showing. (Id:23934)
CALL1.877.896.6727
Property Price
$294,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$14,700
Best Mortgage Rate (%)
1.99%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$2,940
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$19,140
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$19,140
Monthly Payment
$1,229
Beautiful Bungalow In The Heart Of Dieppe! This Place Is Looking For A New Owner! Located On Centrale Street, Right Next To The Walking Trail, This Place Is Dieppe Living At It's Best! Main Floor Offers Upon Entering, A Nice Sized Entrance Closet, A Sunken Living Room With Lots Of Natural Sunlight. Flow Through To The Kitchen Where You Will Find Many Light Stained Cabinets Along With A Peninsula Where You Can Fit Barstools. Dining Room Is Off The Kitchen And Has A Patio Door Leading To Your Covered Porch And Very Quiet And Private Backyard. Down The Hall There Are 3 Bedrooms, One Being The Master. A Full Bath And Laundry Closet Completes This Main Floor's Footprint. Downstairs Is Finished As A Bachelor Apartment With Kitchen, Living Room And 3Pc Bath. This Place Was Rented At $750 / Month. Call For More Details Or To Schedule A Private Showing. (Id:23934)
CALL1.877.896.6727
Property Price
$239,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$11,995
Best Mortgage Rate (%)
1.99%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$2,399
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$15,894
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$15,894
Monthly Payment
$1,003

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.