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! Charming Bungalow With Detached Garage Walking Distance To Shopping, Schools, Hockey Arena, And Movie Theatre. Great Location For Families With Teenagers. Home Has Several Newer Pvc Windows And Vinyl Siding, Paved Driveway. Main Floor Has 3 Bedrooms, Bathroom, Kitchen And Living Room With Heat Pump Downstairs Has 2 Bedrooms, Second Full Bathroom, Laundry Room And Plenty Of Room For Kids To Hang Out Or Play! (Id:23934)
CALL1.877.896.6727
Property Price
$119,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$5,995
Best Mortgage Rate (%)
1.99%
Mortgage Type
3 Years Fixed
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
$501
Just Listed! Here It Is! This Newly Constructed Gorgeous Side Split Homes In One Of The Most Popular Neighborhoods Is Just Waiting For Its New Owners. You Cant Help But Be Impressed From The Instant You See How This House Sits On The Lot, To The Quality Of The Workmanship Inside And Out! Enter The Very Large Foyer That Has Access To The Attached Two Car Garage As Well As To The Back Yard. As You Go The Stairs You'll Be Welcomed By The Completely Wide Op[En Concept Living Room, Kitchen And Dining Area. This Very Bright Space Is Ideal For Entertaining And Has Access To The Deck Off The Dining Area. The Kitchen Area Is So Elegant With Attractive Finishing's, Center Island, Granite Counter Tops, Lots Of Cupboard Space And It Even Has A Walk In Pantry. Down The Hall To The Main Bath With Laundry Facilities, Next Is The Master Bedroom Complete With Full En Suite And A Walk In Closet. Rounding Out This Level Are Two More Generous Bedrooms And Of Course The Hall Linen Closet. The Lower Level Has A Very Large, Bright Family Room With A Walkout. So Here's The Surprise! Just Off This Family Room Is A Separate And Spectacular In Law Suite With Its Own Laundry Facilities, Full Bath Room, Bedroom And A Bright Open Concept Kitchen, Dining And Living Area! Of Course This In Law Suite Has Its Own Private Entrance From Outside As Well! (Id:23934)
CALL1.877.896.6727
Property Price
$359,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$17,995
Best Mortgage Rate (%)
1.99%
Mortgage Type
3 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$3,599
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$23,094
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$23,094
Monthly Payment
$1,504
2 Storey Semi Detached!! Welcome To 49 Coachmen Street, Located In Sought After Riverview East. The Main Floor Offers A Welcoming Foyer, Bright Living Room, Kitchen And Dining Room That Offers Access To The Back Deck, Which Is The Perfect Spot For Family Barbeque's. The Conveniently Located Half Bath With Laundry Completes The Main Floor. The Hardwood Staircase Leads To The Second Floor Where You Will Find 3 Bedrooms Including The Master And The Family Bath. The Basement Offers Even More Living Space With A Family Room, Full Bath And Storage Area. Ceramic And Hardwood Flow Through-Out The Main And Second Floor. This Home Sits On A Landscaped Lot With 12X16 Storage Shed With Garage Door And A Double Driveway. This Ideal Location Is Close To All Amenities Including Shopping, Schools And Walking Trails And Offers Easy Access To Downtown Moncton. Please Call For More Information. (Id:23934)
CALL1.877.896.6727
Property Price
$154,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$7,745
Best Mortgage Rate (%)
1.99%
Mortgage Type
3 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$1,549
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$10,794
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$10,794
Monthly Payment
$647
Stunning Bungalow With Attached Garage Located In One If Miramichi's Finest Subdivisions. Beautiful Curb Appeal With Double Paved Drive, Walkway To Front Cement Step, And Lots Of Stone On Front Of Home Adds To The Character And Quality. Main Foyer Is Large And Enters Into Open Concept Kitchen Featuring Island And Dining Area With Patio Doors To Back Deck, Vaulted Ceiling In Living Room And Large Windows. Home Has Lots Of Beautiful Natural Light. Also On Main Floor You Will Find Three Bedrooms, Very Large Bathroom With Double Sinks, Corner Tub And Shower, And Another Two Piece Bath. Hardwood & Ceramic Floors On Main Level And Hardwood Stairs To Basement Which Is Completely Finished With Very Spacious Recreation Room, Large Bedroom With Walk In Closet, Full Bath And Separate Laundry Room, And Tons Of Storage Space. You Will Love All The Space In This Home, So Bright And Open....Did I Mention The Home Is Immaculate! Another Bonus...New Roofing Shingles 2 Years Ago. If You Are Looking For A Home In A Great Neighbourhood, This Home Is Your Dream Come True! Another Bonus Feature Is That This Subdivision Is All Underground Wiring Which Makes For A Nice Cleaner Look Outside. (Id:23934)
CALL1.877.896.6727
Property Price
$325,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$16,250
Best Mortgage Rate (%)
1.99%
Mortgage Type
3 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$3,250
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$21,000
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$21,000
Monthly Payment
$1,358
Welcome To 30 Park Street. This Property Is Priced To Sell And Waiting For Your Personal Touch! If You Are Looking To Own Your Home That Can Help You Pay The Mortgage You Found It! This Property As All You Need On The Main Level. The Second Level Can Be Uses As A Granny Suit Or Even For Extra Income. This Beautiful Well Maintained Property Is Walking Distance To All Amenities And Is Also Close To All Schools. Excellent Property To Retire In Or For A Small Growing Family, As A Third Bedroom Could Be Added. ***Taxes Are High Due To Non-Occupant Home And Owner Has 2Nd Property. New Owner's Taxes Will Be Close To Half Of The Amount*** (Id:23934)
CALL1.877.896.6727
Property Price
$78,800
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$3,940
Best Mortgage Rate (%)
1.99%
Mortgage Type
3 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$788
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$6,228
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$6,228
Monthly Payment
$329

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.