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

Fantastic Family Home On A Large Private Lot In A Great Neighbourhood And Close To Everything, New Roof Shingles In 2018, Kitchen Upgraded In 2017. Three Bedrooms, Main Bathroom, Lovely Bright Living Room All Lend To The Great Layout Of The Home. Lower Level Has A Very Large Family Room, 1 / 2 Bath, Another Room Perfect For A Gym, Office Or Craft Room, Large Laundry / Storage Room And Another Room Just Waiting For Your Touches. This Property Is Perfect For Growing Family And There Is A Large Wrap Around Deck. Three Storage Shed On The Property For Your Convenience And Storage Needs. As Per Sellers Direction, (Attached) Any Offers To Be Submitted By 12:00Pm Sunday And Will Be Presented O The Sellers By 7:00Pm Sunday. (Id:23934)
CALL1.877.896.6727
Property Price
$255,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$12,750
Mortgage Insurance ($)
$9,690
Mortgage Required ($)
$251,940
Best Mortgage Rate (%)
2.65%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$2,550
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$16,800
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$16,800
Monthly Payment
$1,148
Just Listed, This Beautiful Home Had Extensive Renos In 2018, (New Electrical, Plumbing, Heating, Windows, Doors, Siding, Roof Shingles, Bathrooms, Kitchen, Floors, Etc) The Bungalow Comes With An Attached 26X26 2 Car Garage, And Sits On A Large Lot Just Under 1 1 / 2 Acres ..Close To All Amenities In Miramichi City.. Main Floor Features Luxury Vinyl Flooring, Open Concept Kitchen , Dining, Living Area With Heat Pump. The Cabinets Were Custom Built, Ample Storage, Soft Close & Pullouts, Stainless Steel Appliances , Granite Sink, Island. Great Size Living Room With Lots Of Natural Light. Bedroom With Double Closet, As Well The Master Bedroom Is Huge With 2 Double Closets, Full Bath. Lower Level Is Completely Finished With Luxury Vinyl Flooring As Well, Family Room, Workout Area, 1 / 2 Bath, Laundry & Storage As Well As To Non Conforming Bedrooms. What A Beautiful Backyard For The Kids To Play In, Fence It In And Treat Yourself To A Pool & Hot Tub. 2 Storage Sheds Are Also Included. Call For A Viewing Today. (Id:23934)
CALL1.877.896.6727
Property Price
$369,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$18,495
Mortgage Insurance ($)
$14,056
Mortgage Required ($)
$365,461
Best Mortgage Rate (%)
2.65%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$3,699
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$23,694
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$23,694
Monthly Payment
$1,665
Je Vous Présente Cette Belle Maison Qui Est Située Dans Le Quartier Dedmundston-Nord. De Style Split Entry, Cette Propriété À Beaucoup À Offrir. Vous Serez Charmé Par Le Solarium 4 Saisons Qui Laisse Entrer Listing Agent Lumière Du Jour. De Plus, Listing Agent Cuisine Et Le Salon Forment Un Concept À Air Ouvert. Listing Agent Maison Comprend 4 Chambres À Coucher Et 2 Salles De Bain. Un Des Salle De Bain Comprend Une Douche En Céramique. À Lextérieur, Vous Verrez Une Grand Terrain Qui A Été Entretenu Avec Soin. Près De Plusieurs Commodité Et Dune École, Cest Parfais Pour Une Famille Qui Veux Sy Installer. I Present To You This Beautiful House Which Is Located In The Edmundston-Nord District. Split Entry Style, This Property Has A Lot To Offer. You Will Be Charmed By The 4-Season Solarium That Lets In Daylight. In Addition, The Kitchen And The Living Room Form An Open Concept. The House Has 4 Bedrooms And 2 Bathrooms. One Of The Bathrooms Includes A Ceramic Shower. Outside, You Will See A Large Plot That Has Been Carefully Maintained. Close To Several Amenities And A School, It's Perfect For A Family Who Wants To Settle There. (Id:23934)
CALL1.877.896.6727
Property Price
$224,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$11,245
Mortgage Insurance ($)
$8,546
Mortgage Required ($)
$222,201
Best Mortgage Rate (%)
2.65%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$2,249
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$14,994
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$14,994
Monthly Payment
$1,012
Location! Location! Location! Welcome To Westminster Crt, One Of The Most Desirable Subdivision In Millidgeville! This Lovely Split Entry Boasting 3 Bedrooms And 2 Baths With Attached Garage Has Everything You Need For A Growing Family! You Will Love The Layout & Functionality Of This Beautiful Home! The Front Entrance Opens To A Spacious Foyer That Leads To The Back Deck Door And Both Level Of The House. Main Level Offers A Large Living Space With Beautiful Hardwood Flooring Throughout, Formal Dining Room, Kitchen With Lots Of Storage & Prepping Space And Patio Doors Leading Onto The Back Deck. Good Size 2 Bedrooms And A Full Bath. Step Into The Downstairs And You Be Greeted By An Enormous Family Room With A Cozy Recreation Space, Extra Storage, And Efficient Wood Stove & Heat Pump. The 3Rd Bedroom, Along With A Full Bathroom & Laundry Area. All Plumbing Pipes Have Been Upgraded To Pvc, Well-Maintained And Ready For The New Family! (Id:23934)
CALL1.877.896.6727
Property Price
$319,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$15,995
Mortgage Insurance ($)
$12,156
Mortgage Required ($)
$316,061
Best Mortgage Rate (%)
2.65%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$3,199
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$20,694
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$20,694
Monthly Payment
$1,440
Beautiful Central Riverview Home! This Charming 2 Storey Is A Pleasure To View & The Gorgeous Kitchen Is A Show Stopper! Upon Arrival, You'll Be Happy To Discover That The Entire Exterior Of The Home Has Been Tastefully Updated And It Is Nestled Onto A Nicely Landscaped Corner Lot. The Schools And All Amenities In South Riverview Are Within Easy Walking Distance. Pull Into The Nicely Paved Driveway And Step Up Into The Front Entry With Resilient Tile Flooring. Refinished Original Hardwood Floors Flow Through The Spacious Living Room, Dining Room And Second Level Of The Home. The Side Entrance From The Driveway Gives Convenient Access To The Lower Level And The Kitchen. Take Some Time To Really Admire This Beautiful Kitchen. The Large Center Island Is Complete With Granite Counter Top And Offers An Abundance Of Space For Gathering And Prepping. The Beautiful Cabinets, Light Fixtures, Tile Back Splash, Smart Lighting, Tv Cabinet, Double Sink With Window Overlooking The Back Yard And Whisper Quiet Dishwasher Make This Room The Real Heart Of The Home. The Kitchen Opens To The Spacious Dining Room, Which Is Complete With Garden Door To The Back Deck And 3 Season Room. Ascend The Stairs To The Second Level To Discover 4 Bedrooms And The Family Bath. The Bath Is In Good Condition. It Hasn't Been Completely Remodelled So You Can Put You Own Finishing Touches On This Home With One Project. The Lower Level Has A Spacious Family Room With Wood Stove, 2Nd Bath & Laundry And Storage Space (Id:23934)
CALL1.877.896.6727
Property Price
$334,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$16,745
Mortgage Insurance ($)
$12,726
Mortgage Required ($)
$330,881
Best Mortgage Rate (%)
2.65%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$3,349
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$21,594
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$21,594
Monthly Payment
$1,507

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.