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

Bungalow De Trois Chambres, Une Salle De Bain Et Demi, Situé Dans Un Endroit Central, Près Des Services À Edmundston. Possibilités D'une Petite Entreprise Ou D'un Appartement Au Sous-Solarium. Faites Vites! ------ Three Bedroom Bungalow, One And A Half Bathrooms, Centrally Located, Near All Services In Edmundston. Possibilities Of A Small Business Or An Apartment In The Basement. Hurry! (Id:23934)
CALL1.877.896.6727
Property Price
$184,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$9,245
Mortgage Insurance ($)
$7,026
Mortgage Required ($)
$182,681
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$1,849
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$12,594
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$12,594
Monthly Payment
$717
Welcome To 25 Northumberland Ave, Where The Location Speaks For Itself! Minutes To Highway, East Saint John Shopping District, Refinery, Or Uptown Saint John, This Home Even Features Beautiful City Views From The Backyard! After Over 55 Years, These Original Owners Of This Well Maintained Family Home, Have Decided Its Time For Another Family To Enjoy All This Home Has To Offer. When You Walk Through The Front Doors, You Are Greeted Into The Living Room That Features Large Picture Window, Fireplace And Hardwood Floors! The Eat In Kitchen And Dining Room, Make The Perfect Place To Host Family Meals! Upstairs Features 3 Out Of The Four Bedrooms, And A 3 Piece Bath, Complete With Jet Tub! The Lower Level, Includes Another Bedroom, 3 / 4 Bath, Laundry, And A Large Family Room, That Would Make For A Great Man Cave! Home Definitely Could Feature In-Family, Or An Apartment For Income Purposes! Off The Back Of The Home, Sits What Every Little Kid Dreams Of Having Growing Up, An Indoor Pool! The Pool Sits Inside A Covered Building, That Is 53X28. In Its Day, This Was Quite The Spot! Pool Is No Longer Functional, But Still There, And Definitely Could Be Brought Back With Some Work! If You're Looking For A Great Home To Raise A Family, This Is The Place To Be. All Sizes To Be Confirmed By Purchaser Prior To Closing. Call Today To Book Your Private Viewing! (Id:23934)
CALL1.877.896.6727
Property Price
$199,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$9,995
Mortgage Insurance ($)
$7,596
Mortgage Required ($)
$197,501
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
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
$776
Welcome To This Beautiful 3-Bedroom + 2-Bathroom 1 / 2 Storey Home Located In A Quiet Neighbourhood That Feels Like The Countryside. Minutes To Amenities. Upon Entering The Side Of The Home, You Are Presented With A Bright And Airy Foyer / Mudroom. The Main Floor Offers A Spacious Kitchen With Eating Area, A Living Room And 4 Season Sunroom That Leads To A Porch. Ideal To Enjoy Your Morning Coffee! The Main Floor Is Completed With 2 Bedrooms, A Bathroom And Laundry Area. The Second Level Features A Loft With Ensuite Bathroom. It Is Currently Used As A Bedroom But Can Easily Be Turned Into A Home Office Or Hobby Area! The Lower Level Showcases A Pub-Style Finished Basement Perfect For Large Gatherings. The Back Porch With Deck Is Surrounded By Mature Trees & Gorgeous Gardens. Heated & Insulated Detached Garage With Lots Of Built-In Cabinetry & Storage Space. A Fume Removal System To Work On Vehicles Or Motorcycles. Hot Water Electric Boiler Heating System. Note: Wood Stove In Garage Not Included. Perfect To Raise A Family! Book Your Virtual Tour Or Private Showing Today! (Id:23934)
CALL1.877.896.6727
Property Price
$280,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$14,000
Mortgage Insurance ($)
$10,640
Mortgage Required ($)
$276,640
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$2,800
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$18,300
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$18,300
Monthly Payment
$1,087
New Listing! Large Lot In Town! (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 (%)
1.35%
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
$465
Your Patience Has Paid Off: Lots Of Upgrades In This Extra Insulated Efficient Bungalow So This Home Is A Great Bang For Buck Opportunity Plus You Have Got To See This Large Lot Especially The Very Private Mature Treed Backyard, Your Options Are As Plentiful As Your Green Thumb And Mind Can Create. Home Is A Nice Size 3-Bedroom 2 Bath With Rich Looking Upgraded Vinyl Siding, Roof Shingles Just 6 Years Old, Newer Windows On Main Level, Plenty Of Gorgeous Hardwood Flooring And Has A Forced Air Furnace. (Needs New Oil Tank). Main Access Is Through Side Entry Into White Galley Kitchen To Your Front Featuring Trendy Backsplash And To The Ceiling Cabinets, Living Room With French Doors And Gorgeous Hardwood Floor Is Located To The Right And Dining Area Plus Large Bright Family Room Is Just To The Left Boasting Wall Mounted Ductless Heat Pump And Patio Door With Access To Low Back Deck And Beautiful Green Spacious Back Yard. Remainder Of The Home Includes A Completely Renovated Bathroom, Master Bedroom With Hardwood And Two Guest Bedrooms With Laminate Flooring. The Lower Level Offers Lots Of Options And Storage And Is Partially Finished With A Full Bath, Laundry And Ready For The New Homeowners To Make It Their Own. A Nice Size Shed Also Comes With This Property. Just Minutes From Uptown & Downtown. Must Be Seen While Its Green. (Id:23934)
CALL1.877.896.6727
Property Price
$229,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$11,495
Mortgage Insurance ($)
$8,736
Mortgage Required ($)
$227,141
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$2,299
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$15,294
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$15,294
Monthly Payment
$892

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.