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! Welcome Home To This Beautiful Home Sweet Home With Detached Garage. Make 2698 King George Highway Your New Address. Located At The Top Of Preston Drive, A Lovely Area Close To All Amenities. Enter Spacious Entry Area With Space For Small Walk Through Office Overlooking Backyard And Pool, Open Concept Kitchen And Living Room With Lots Of Cupboards And Storage. Abundance Of Natural Light Makes This Home So Inviting. This Home Was Originally A Mini Home, However Has Had Significant Renovations Including A Cement Foundation & Large Addition Which Is Currently The Main Floor Master Suite With Private Full Bath Ensuite. Down The Hall You Will Find Main Floor Laundry, A Second Bedroom And Full Bath. A Mini Split Was Installed On The Main Floor September 2023. Basement Has Been Recently Developed With A Large Recreation Area With Mini Split (2021) For Heating / Cooling, Two Spacious Spare Rooms, A Full Bath With Shower, And Utility / Storage Room. Back Yard Is Partially Fenced, Perfect For Pets. Also At Back Of Home Is Large Deck Area Surrounding Above Ground Pool. This Would Be Great For Sitting Around And Relaxing In The Summer. Another Great Feature Is The Large Double Car Garage With Additional Storage At Back. Lots Of Paved Parking. Home Is Move In Condition. Don't Delay Make An Offer Today! ***Disclaimer...All Measurements & Information Pertaining To This Property And On This Feature Sheet To Be Verified For Accuracy By Buyer(S) And Buyers' Agent*** (Id:23934)
CALL1.877.896.6727
Property Price
$329,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$16,450
Mortgage Insurance ($)
$12,502
Mortgage Required ($)
$325,052
Best Mortgage Rate (%)
5.74%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$3,290
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$21,240
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$21,240
Monthly Payment
$2,030
As You Approach The Home, You'll Be Immediately Captivated By Its Timeless Curb Appeal. The Exterior Showcases A Tasteful Combination Of Brick And Wood Siding, Accentuated By Beautifully Landscaped Gardens, Yard Space, And A Welcoming Entryway. A Well-Maintained Driveway Leads To An Oversized 21'1""42'5"" Garage, Providing Coveted Off-Street Parking In The Heart Of The City. Upon Entering, You're Greeted By An Inviting Foyer That Seamlessly Flows Into The Spacious Living Area. The Living Room Boasts A Decorative Fireplace And A Den / Office Nook, While The Dining Area Is Ideal For Hosting Intimate Gatherings. The Kitchen Is Equipped With White Cabinetry Ample Cabinet And Counter Space. An Adjacent Breakfast Nook Extension Overlooks The Backyard, Providing A Lovely Spot To Enjoy Your Morning Coffee. Access To The Attached Garage And A Convenient Half Bath Completes This Floor. Upstairs, You'll Find The Primary Suite, Complete With A Spacious Bedroom, Two Walk-In Closets, And An Ensuite Bathroom With A Makeup Vanity And Stand-Up Shower. Additionally, There Are Two Well-Appointed Bedrooms, Each With Its Own Character And Ample Closet Space. A Full Bathroom And Stackable Laundry Area Complete This Level. Step Outside To Your Private Backyard Oasis. Here, You'll Find A Meticulously Landscaped Yard Along With A Patio Area, Perfect For Al Fresco Dining And Entertaining. The Lush Greenery And Mature Trees Provide A Tranquil Escape From The Bustling City. (Id:23934)
CALL1.877.896.6727
Property Price
$729,900
Minimum Down Payment (%)
6.57%
Minimum Down Payment ($)
$47,990
Mortgage Insurance ($)
$27,276
Mortgage Required ($)
$709,186
Best Mortgage Rate (%)
5.74%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$7,299
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$56,789
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$56,789
Monthly Payment
$4,428
Welcome To 15 Dock Street In Shediac New Brunswick. Located On A Dead-End Street This Water View Bungalow Has Water Access And Is Close To Many Amenities In The Coastal Town Of Shediac. The Property As Been Fully Renovated Offering 2 Bedrooms / 2 Bathrooms With Many Upgrades Including But Not Limited To Metal Roofing, 2 Mini Splits Heat Pumps, Laminate Flooring, Light Eixtures, Kitchen Cabinets And Also Includes A Paved Driveway, A Single Detached Garage With A Large Backyard. This Affordable Property Has A Lot Of Potential, Whether You're Looking For A Year-Round Property, Investment Or A Summer Home This Could Be The Perfect Spot. 15 Dock Street Is Ideally Located And Within Walking Distance To Shopping Centers, Grocery Stores, Walking Trails, Gym Facility, Restaurants And So Much More. Don't Delay And Book Your Showing Today. (Id:23934)
CALL1.877.896.6727
Property Price
$299,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$14,995
Mortgage Insurance ($)
$11,396
Mortgage Required ($)
$296,301
Best Mortgage Rate (%)
5.74%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$2,999
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$19,494
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$19,494
Monthly Payment
$1,850
Location! Location! Excellent Opportunity! Huge Potential! Priced To Sell! Nice Backyard. 4 Bedrooms, 1.5 Baths, 2 Propane Fireplaces, Huge Baby Barn! Walking Distance To Moncton Hospital And Close To Schools And Bus Stop! All Appliances To Remain! Closing Date: As Soon As The Lawyers Can Complete The Work. (Id:23934)
CALL1.877.896.6727
Property Price
$299,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$14,950
Mortgage Insurance ($)
$11,362
Mortgage Required ($)
$295,412
Best Mortgage Rate (%)
5.74%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$2,990
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$19,440
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$19,440
Monthly Payment
$1,845
Welcome Home! Modern And Fresh, This 2+2 Split Entry Boasts Open Concept Kitchen Living And Dining Area That Feels Gracious And Warm. Gleaming Hardwood Floors Lead You Down The Hall To A Generous Master Bedroom And Ample Sized Guest Room. A Full Bath Completes This Level. Downstairs, A Spacious Family Room Boasts Two Extra Large Closets To Keep All The Toys Organized. Every Neat Freaks Dream;) The Two Additional Bedrooms Are Bright And Sunny. An Extra Bathroom With A Shower Plus Laundry Facilities And A Large Mud Room Walk Out, Will Keep Your Household Running Smoothly And Efficiently. Heading Outside, The Oversized Deck, Large Flat Back Yard, Paved Driveway And Two Storage Sheds Will Ensure Your Family Can Make The Most Of Their Outdoor Living. This Cul De Sac Cutie Is Ideally Located In A Fantastic Family Friendly Neighbourhood That Will Keep The Kids Going For Days. Set Up A Basketball Net, Play Hopscotch Or Learn To Roller Skate Without The Worry Of Traffic. Enjoy Strolls Along The Adjacent Great Canada Trail Or Bike To Chelsea Park. The Qplex Recreational Center Is Just A Hop Skip And A Jump Away. It Is Home To An Outdoor Swimming Complex, Playground, And A State Of The Art Ice Rink That Hosts Numerous Community Events. Beaches And Shopping Centers Are Only A Short Drive Away. Don't Delay, Book Your Appointment Today! (Id:23934)
CALL1.877.896.6727
Property Price
$324,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$16,245
Mortgage Insurance ($)
$12,346
Mortgage Required ($)
$321,001
Best Mortgage Rate (%)
5.74%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$3,249
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$20,994
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$20,994
Monthly Payment
$2,004

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.