Canadian mortgages compound semi-annually, not monthly. CMHC insurance kicks in below 20% down. Fredericton property tax is roughly 1.53% of assessed value. This calculator handles all three.
A few notes. The calculator uses Canadian semi-annual compounding for accuracy. CMHC default insurance premiums are based on 2026 published rates. The property tax estimate uses Fredericton's residential mill rate of roughly 1.53% applied to purchase price; actual property tax depends on the assessed value Service New Brunswick has on file. Heat, water, insurance, and condo fees are not included; ask me for typical figures by neighbourhood.
Calculators are useful for ballpark planning. A real pre-approval gives you a rate hold, a confirmed maximum, and credibility with sellers. I work with two or three local mortgage brokers I trust completely. Tell me your situation and I will hand you off.
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