New Brunswick Mortgage Calculator
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Enter the amount that you are planning on paying for the property
STEP 1
Enter property purchase price
Haven't found a property to purchase yet?
Balmoral15Bathurst71Beresford18Bouctouche22Campbellton43Cap Pele15Caraquet16Charlo17Cocagne28Dalhousie18
Dieppe133Dsl De Drummond/Dsl Of Drummond15Edmundston29Fredericton101Grand Barachois26Grand Bay-Westfield20Grand Manan22Grand Sault/Grand Falls33Grande Digue18Hampton26
Option #1
Option #2
Option #3
Option #4
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Enter the amount that you will pay upfront
toward the property to obtain a mortgage
–
?
CMHC mortgage insurance is required on all
mortgages with down payment less than 20%
+
$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)
=
$494,000
$463,950
$436,900
$400,000
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Amortization period is length of time that it would take
the mortgage holder to pay off the mortgage in full
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Please select the province where you are planning
on taking out the mortgage, as mortgage rates can
vary in different provinces
STEP 2
Select province to get current
mortgage rates
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Mortgage type specifies whether the interest
rate is variable or fixed
?
Mortgage term is the duration of time that you
are committed to a lender, rate and conditions
?
Mortgage rate is the interest rate that you will
be paying on the outstanding balance for the
duration of the mortgage term
Select
Select
Select
Select
4.59 %
5.14 %
5.14 %
5.34 %
5.39 %
5.49 %
5.74 %
5.74 %
STEP 3
Select one of the mortgage
rates currently available
?
Please select how often you would like
to make your mortgage payments.
?
Mortgage payment is the amount that you will be
required to pay based on your mortgage terms
–
–
–
–
?
This is an estimate of how much you should expect
to spend upfront in order to make this purchase
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
+
–
–
–
Select City to get Land Transfer Tax Rate
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
New Brunswick Mortgage Calculator Examples
Affordable & Maintenance Free Living In The Heart Of Fredericton Within Walking Distance Of The Hospital, Universities, Restaurants, Shopping And Many Other Amenities! This Lovely Condo Is Located In A Secure Concrete Building Which Features An Elevator, Heated Underground Parking With A 10 X 20 Parking Space, Private Deck, Separate Storage Room In The Basement Plus The Building Has A Fitness Room And Guest Suite Which Is Great For Your Overnight Guests Giving Them Privacy. This Is A Cozy & Bright Second Floor Unit Featuring Two Large Bedrooms And 1 ½ Bathrooms. After Opening The Door To You Condo, You Will Find A Spacious Foyer Leading To A Galley Style Kitchen With Loads Of Cabinets And Counterspace Plus A Huge Cut Out To Dining Room Drawing In Loads Of Natural Light. Open Concept Dining & Spacious Living Room With Hardwood Floors, Lovely Corner Fireplace (Capped Off And Non-Usable Due To Insurance Reasons But Would Make A Lovely Electric Fireplace) Patio Door To Deck, Plus Ductless Split. Generous Size Main Bath Plus Convenient ½ Bath Off Kitchen. Laundry Is In 2 Closets In Hallway. This Condo Building Is Tucked Back From The Main Street Which Cuts Out Traffic Noise And Creates Privacy. One Time Move-In Fee Of $300 To Be Paid By Purchaser To Condo Committee On Closing. (Id:23934)
CALL1.877.896.6727
Property Price
$189,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$9,495
Mortgage Insurance ($)
$7,216
Mortgage Required ($)
$187,621
Best Mortgage Rate (%)
4.59%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$1,899
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$12,894
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$12,894
Monthly Payment
$1,048
Welcome To 17 Marc Andre Court In Dieppe Nb! Beautiful 2 Story Home On A Quiet Court With Fully Finished Basement, Paved Driveway, Private Backyard, And More!! Main Floor Features A Lovely Living Room Open To The Large Eat In Kitchen With Lots Of Cabinets And Counter Space, And A 2 Piece Half Bath With Laundry Conveniently Located Right Off The Attached Garage ! Upstairs There Are 3 Great Size Bedrooms! Primary Bedroom Has Its Own Entrance To The Full Bathroom With Jet Tub, Walk In Shower, And Heated Floors. Lower Level Is Fully Finished With A Lovely Living / Dining Combo With Kitchenette, Large Bedroom, And Full Bathroom. Currently Used As An In Law Suite, This Is Fantastic For A Possible Mortgage Helper! Amazing, Private Backyard Is Fully Fenced In, Features 2 Pear Trees, Strawberry Patches, Gardens And A Beautiful Grape Vine. Lovely Deck Off The Dining Area And South Facing Patio Off To The Right Of The Yard. Freshly Painted, Conveniently Located- Close To Everything While Still Having Privacy And The Quiet Court, And Large Attached Garage With New Floor To Ceiling Shelving And Work Bench. For More Information And To Book Your Showing Contact Realtor® Today!!! (Id:23934)
CALL1.877.896.6727
Property Price
$424,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$21,245
Mortgage Insurance ($)
$16,146
Mortgage Required ($)
$419,801
Best Mortgage Rate (%)
4.59%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$4,249
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$26,994
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$26,994
Monthly Payment
$2,345
Your New Home Awaits You! Welcome To 43 Princess St In Miramichi,Nb. The Covered Front Verandah Is Your First Impression And It Doesn't Dissapoint. Can You Picture A Couple Of Rockers Out There? This Turn Of The Century Home Has Seen Many Upgrades Over The Years But It's Original Charm Is Still There. This Four Bedroom And Two Bathroom Home Is The Perfect Family Home And Is Near All Amenities-All Within Walking Distance! A Double Car Garage Was Built In 2017 With An Enclosed Breezeway. Once You Enter Into The Breezeway You Have A View Of The Beautiful Backyard And Entry To The Home. There You Will Pleased To Find A Nice Bright Kitchen With Island. Off The Kitchen Is A Laundry Room And Entry To Your Sun Porch....A Wonderful Space To Relax! Also Off The Kitchen Is A Dining Room Currently Being Used As A Sitting Room And Workspace. Go Down The Hall Towards The Front Of The Home To Find A Full Bathroom, Then Your Living Room With French Doors That Offer Privacy. Go Up The Beautiful Staircase To Find 3 Spare Bedrooms (One Of Them Is Currently Being Used As A Walk In Closet) And The Large Primary Bedroom. The Primary Bedroom Is Equipped With Plumbing And As It Was Being Served As A Rental Years Ago....Perfect To Renovate To A Wet Bar Or Small Ensuite! Not Only Do You Have Incredible Space...There Are Three Mini Splits To Keep Heating Costs Down. What Are You Waiting For? Call Now To Book A Private Showing (Id:23934)
CALL1.877.896.6727
Property Price
$239,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$11,995
Mortgage Insurance ($)
$9,116
Mortgage Required ($)
$237,021
Best Mortgage Rate (%)
4.59%
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
$1,324
Location!!! Do You Want A 4-Bedroom Home With Huge Yard On A Quiet Street But Close To Schools, Parks, Trails, And Shopping? This Lovely Home Might Be The One For You! Situated In A Lovely Mature Neighbourhood. Walk In And Youll Step Into A Classic Floor Plan With Hardwood Floors Through Out, Spacious Entry And Living Room. Granite Kitchen With Ample Cabinets And Center Island. Dining Area Has Plenty Of Natural Light That Leads To Your Side Deck. Upper Level Offers Large Master Bedroom, 2 Additional Bedrooms And Bathroom With Tub And Stand-Up Shower. On The Lower Level Is A Massive Family Room, Laundry Room, Bedroom, And 3 / 4Bathroom For Recreation And Entertaining Guests. Large, Beautiful Backyard Is A Fun Place For Outdoor Activities With A Private Rear Patio To Relax. Prefect Home For Growing Family. Book Your Showing Now! (Id:23934)
CALL1.877.896.6727
Property Price
$449,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$22,450
Mortgage Insurance ($)
$17,062
Mortgage Required ($)
$443,612
Best Mortgage Rate (%)
4.59%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$4,490
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$28,440
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$28,440
Monthly Payment
$2,478
1.2 Acre Lot Downtown Shediac // Private Backyard // Very Well Maintained // Potential Mortgage Helper // Central Heat Pump // Walking Distance To All Amenities,Schools And More ! Welcome To 161 Sackville Street Conveniently Located In The Heart Of Shediac. This Beautiful And Charming Bungalow Must Be Viewed To Be Truly Appreciate. The Main Floor Begins With A Spacious Kitchen Followed By A Large Open Concept Dining Room And Living Room Area. Down The Hall, You'll Find A Full Bathroom And Three Good Size Bedrooms Including A Bright And Spacious Master Bedroom. The New Owners Will Also Be Able To Enjoy The Cozy Three Season Sunroom Overlooking The Gorgeous Backyard. The Lower Level Offers A Small Kitchenette, Living Room, Full Bathroom And Two Bedrooms ( Conforming And Non Conforming). The Basement Also Offers Tons Of Storage Space And A Separate Walkout Entrance Making This The Ideal Set Up For A Mortgage Helper. This Property Is A Rare Find And Is Sure To Exceed Your Expectations ! Don't Delay And Call Today For Information Or To Book A Private Showing. (Id:23934)
CALL1.877.896.6727
Property Price
$349,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$17,495
Mortgage Insurance ($)
$13,296
Mortgage Required ($)
$345,701
Best Mortgage Rate (%)
4.59%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$3,499
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$22,494
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$22,494
Monthly Payment
$1,931
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.