Mortgage Calculators
Try out these mortgage calculators to see what your monthly payment would look like for a certain mortgage amount with various interest rates, rate terms and amortizations!
Choose between different payment frequencies that align with your income payments, like monthly, bi-weekly, bi-weekly accelerated, weekly, weekly accelerated, and semi-monthly.
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Choose between fixed and variable interest rates.
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Try different interest rate options (reach out if you would like to know what the current lowest interest rates are).
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Choose the standard 25 year amortization, or try a shorter or longer amortization to see how it affects the mortgage payments.
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Use the purchase calculator if you have a home in mind you want to run numbers for. You can play around with different down payment amounts (the minimum down payment amount is 5% for owner occupied and 20% for straight rentals).
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There is even an option to add in property expenses and rental income if you are looking at income properties.
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Once you have that you can even get an estimate on closing costs and land transfer tax (in New Brunswick the land transfer tax is 1% of the purchase price.
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These are great tools to help you get an idea of what the cost of buying will be!
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