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 Examples

Solid Brick Home That Has Been Lovingly Maintained And Built With Top End Materials By A Local Well Respected Contractor, You Are Sure To Love This Spacious And Beautiful Property Situated On A Large 0.71 Acre Lot! Main Floor Offers Bright And Sunny Open Concept Kitchen Living And Dining Room With Solid Oak Cupboards And Trim, Ideal For Entertaining And Families. This Level Provides Two Sizable Bedrooms, Full Bathroom With Whirlpool Tub, Large Entrance With Office Space And Convenient Main Floor Laundry. Direct Access To The Large Finished Double Garage From The Main Level Provides Ease And Comfort All Year Round. On The Lower Level Is A Large Family Room With Wood Stove, Perfect For Cozy Family Movie And Game Nights, 2 Additional Sizable Bedrooms, Another Full Bathroom, And Bonus Room Under The Garage Provides Loads Of Storage Space As Well As Direct Access Steps From The Lower Level To The Garage. Located Very Close To Grand Falls, And Next To The Trans Canada Highway Ramps, This Is An Ideal Location For A Business Or Truck Driver. This Home Is Well Insulated And Energy Efficient, And You Are Sure To Love The Comfortable And Easy Mini-Split For Heating And Cooling. Option To Also Purchase For An Additional Price Is Pid 35334309 Which Has 6.4 Acres With 3 Out Buildings, And 20 Wooded Acres, Located Behind The Home With Private Road Access. Call Today For A Private Tour! (Id:23934)
CALL1.877.896.6727
Property Price
$249,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$12,450
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$2,490
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$16,440
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$16,440
Monthly Payment
$1,101
Upscale Newly Renovated Historic Dutch Colonial Home! This Stunning Three-Level Home Is Centrally Located And Has Much To Offer. Grand Central Foyer & Staircase, Authentic Butler Pantry Along With Kitchen Upgrades And Granite Counter Tops Are Just A Few Key Features Of This Amazing Home. New Renovations Include A New Roof, New Tile In Second Floor Bathrooms, All Floors Throughout The Entire House Have Been Sanded & Re-Stained And A Newly Installed Oil Tank. The Third Floor Is Fully Finished With A Full Bathroom & Heat Pump / Air Conditioner. This Area Can Fit A Full-Size Pool Table Or Ping Pong Table Ideal For Families With Kids. This Beautiful Home Has A Large Enclosed Backyard With Large Back Porch And A Huge Covered Veranda. The Best Of 'Old World Charm' Meets Modern Design Comes Together For A Great Family Home. A Definite Must See! (Id:23934)
CALL1.877.896.6727
Property Price
$599,900
Minimum Down Payment (%)
5.83%
Minimum Down Payment ($)
$34,990
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$5,999
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$42,489
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$42,489
Monthly Payment
$2,629
Propriété Familiale Au Bord De L'eau En Ville. Construction De Qualité Supérieur, 4 Chambres À Coucher Et 4 Salles De Bain Complète. Foyer À Bois, 3 Salons, Salle De Billard, Beaucoup De Rangement. Garage Double Attaché Isolé. Cour Arrière À Vous Faire Rêver Avec Piscine Creusée, Espace De Jeux, Patio À Différent Niveau. Tout Est Là Pour Votre Famille En Plus Au Bord De Listing Agent Rivière!!!! (Id:23934)
CALL1.877.896.6727
Property Price
$359,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$17,950
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$3,590
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$23,040
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$23,040
Monthly Payment
$1,587
This Stunning Modern Custom Built Home Boasts An Open Concept Living, Dining And Kitchen With 5 Bedrooms And 3 Bathrooms For The Growing Family. As You Enter The Front Door You Will Notice Tray Ceilings With Exposed Wood Beams And Beautiful Grey Oak Floors Leading You To A Contemporary Bright White Kitchen With Top Of The Line Lg Black Stainless Smudge Proof Appliances. You Will Notice The High End Finishes Of This Home From The Beautiful Waterfall Quartz Countertops To The Blanco Sink And Matching Faucet, To Networked Nest Thermostat That Integrates With Your Ultra High Efficiency Rheem Hot Water Tank. Upstairs You Will Find The Laundry, 3 Good Sized Bedrooms With Custom Closets And A Master Ensuite With Jetted Shower And Extra Large Soaker Tub. Blackout Blinds In Master And Ensuite. The Patio Doors Have Been Professionally Covered In Privacy Vinyl And Lead You To A Screened In Back Deck With Vaulted Ceilings And Fan Overlooking A Large Back Yard With A Hardscaped Cooking And Sitting Area. An Oversized Heated Garage With Drain, Fast Track, And Tire Racks Have Been Installed. The Basement Will Blow You Away With Its 120" Curved Screen And Professionally Installed Pro-Cinema 4K 3D Projector And Carbon Fibre Speakers. You Will Also Find 2 Additional Bedrooms And A Full Bath And Lots Of Storage Space. Generator Panel Installed, Pre-Wired For A Hot Tub And Mini Split In Garage Should You Choose To Add. Forced Air Heat Pump. Too Many Upgrades To List (Id:23934)
CALL1.877.896.6727
Property Price
$469,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$23,450
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$4,690
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$29,640
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$29,640
Monthly Payment
$2,073
Welcome To 71 Fairview In The Fantastic Old West End Of Moncton. A Great Community That Is Treed And On The Edge Of Jones Lake. In The Center Of Everything, This Home Is A Pleasure To Show. Main Floor Features A Eat In Kitchen With New Patio Doors That Will Installed Prior Closing. Renovated Bathroom, Main Floor, Laundry, 2Nd Level Features A Large Master Bedroom With A Large Storage Area To Transform Into A Walk In Closet. Basement In Unspoiled, Nice Garage In Back. Back Yard Is Treed And Very Private. With Newer Roof, Drain Tile, Updated Everything, This Home Is Move In Ready. Call Your Favourite Realtor® For A Private Showing ! (Id:23934)
CALL1.877.896.6727
Property Price
$199,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$9,995
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
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
$884

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.