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Estimate your mortgage payment, CMHC insurance and New Brunswick’s real property transfer tax, starting from the Greater Moncton benchmark of $378,700. New Brunswick has no first-time buyer exemption from the tax, so this page also covers Housing NB’s homeownership assistance loan and the federal programs first-time buyers can use.
Benchmark prices August 2026 · Rules checked October 16, 2026
Mortgage calculator for New Brunswick
It opens on the Greater Moncton benchmark price of $378,700 (August 2026). Pick another New Brunswick market or type your own price, then set your down payment, rate and amortization. The rate starts at 4.5%, our rounded assumption from Bank of Canada data, not a quote.
$1,676.80monthly mortgage payment
Down payment
$75,740 (20.0%)
CMHC insurance premiumNot needed with 20% or more down
$0
Mortgage amount
$302,960
Cash you need on closing day
Down payment
$75,740
Real property transfer tax1% of the price or assessed value, whichever is higher
$3,787
Total cash to close
$79,527
New Brunswick has no first-time buyer rebate on its property transfer tax. See the programs below for the help that does apply.
CMHC says closing costs usually run 1.5% to 4% of the price: $5,681 to $15,148 on this home.
Prices: CREA MLS® Home Price Index, composite benchmark, August 2026. Payments use semi-annual compounding, as Canadian fixed-rate mortgages do. CMHC premiums and the minimum down payment follow CMHC’s published rules. Your own estimates stay in your browser.
New Brunswick at a glance
CREA MLS® Home Price Index composite benchmark for Greater Moncton, August 2026, not seasonally adjusted.
A typical home in the market, not an average sale price.
Before any first-time buyer relief.
New Brunswick has no first-time buyer rebate on its property transfer tax.
See the first-time buyer programs below for the help that does apply.
5.0% of the benchmark price: 5% of the first $500,000 and 10% of the rest.
With 20% down it’s $75,740.
At 4.5% over 25 years, our default rate assumption, with semi-annual compounding.
CMHC lists only Ontario, Quebec and Saskatchewan as taxing the premium.
FIRST-TIME BUYERS
First-time buyer programs in New Brunswick
New Brunswick’s transfer tax has no first-time buyer exemption, so the province’s help is aimed at lower-income households: a repayable loan for part of the price through Housing NB. Other first-time buyers use the federal programs below.
Provincial
Homeownership assistance program
40% of the priceas a repayable loan, for household incomes under $40,000
WHO QUALIFIES Households with total income below $40,000 who are first-time homeowners or living in substandard housing, and who meet a lender’s requirements.
Buying: the loan covers 40% of the purchase price, closing costs and modest repairs. Building: up to $75,000, and no more than 50% of the house costs.
Interest is 0% for incomes under $30,000 and rises 0.5% for each $1,000 above that, up to the provincial borrowing rate.
Loans run up to 25 years, and your total debt service ratio can’t pass 42%.
Federal programs for first-time buyers in New Brunswick
These work the same in every province. Many first-time buyers can use several together: the FHSA and the Home Buyers’ Plan for the down payment, the home buyers’ amount at tax time, and the GST rebates on a newly built home.
New Brunswick charges HST, so on a new home the federal rebates cover the federal part of the HST.
Federal
First Home Savings Account (FHSA)
$8,000 a year$40,000 lifetime: deductible going in, tax-free coming out
WHO QUALIFIES Canadian residents aged 18 to 71 who haven’t lived in a home they or their spouse owned in the current year or the previous four calendar years.
Contributions are deductible like RRSP contributions, and a qualifying withdrawal to buy your first home is tax-free and never repaid.
Unused room carries forward up to $8,000, so the most room you can have in one year is $16,000. Room only starts once you open the account.
The account has to close by the end of the year of the 15th anniversary of opening it, the year you turn 71, or the year after your first qualifying withdrawal.
$60,000per person from your RRSP, with no tax withheld
WHO QUALIFIES First-time buyers (the same four-year test) with a written agreement to buy or build a qualifying home in Canada that they’ll live in within a year.
You repay it to your RRSP over up to 15 years. For a first withdrawal between January 1, 2026 and December 31, 2028, repayments start in the fifth year after the withdrawal.
Any year you repay less than the minimum, the shortfall is added to your income.
You can use the HBP and an FHSA withdrawal for the same home, and the home must be bought or built before October 1 of the year after your first withdrawal.
Home buyers’ amount (first-time home buyers’ tax credit)
$10,000claimed on line 31270 as a non-refundable federal credit
WHO QUALIFIES First-time buyers (no home owned and lived in by you or your spouse in the year of purchase or the four years before), and buyers eligible for the disability tax credit.
It lowers the federal tax you owe; there’s no refund if you owe no tax.
Two eligible buyers can split it, but not above the $10,000 total for the home.
You must plan to live in the home within one year of buying it.
Up to $50,000all the GST, or the federal part of the HST, on a new home up to $1 million
WHO QUALIFIES First-time buyers 18 or older, citizens or permanent residents, who haven’t lived in a home they or their spouse owned this year or the previous four, buying or building a new home to live in.
Full rebate at $1 million or less, shrinking to nothing at $1.5 million. CRA’s example: a $1.25 million home gets $25,000.
Bought from a builder: the agreement must be signed on or after March 20, 2025 and before 2031, with construction starting before 2031.
It tops up the regular GST/HST new housing rebate, and applies only to newly built or substantially renovated homes.
New Brunswick charges real property transfer tax of 1% on the greater of the price or the assessed value, for deeds registered since April 1, 2016. On the $378,700 Greater Moncton benchmark that’s $3,787.
The Real Property Transfer Tax Act has no first-time buyer exemption, so every buyer pays the same 1%.
CMHC puts closing costs at 1.5% to 4% of the price. In New Brunswick they’re the transfer tax, legal fees and registration, a home inspection, title insurance and adjustments for property tax the seller prepaid.
New Brunswick doesn’t charge sales tax on the CMHC premium, so with less than 20% down the whole premium can go on the mortgage.
On the $378,700 Greater Moncton benchmark
Cost
Amount
Notes
Property transfer tax
$3,787
Paid at registration
Legal fees and disbursements
Get a quote
Your lawyer also registers the transfer and mortgage
Home inspection
Get a quote
Optional; you can make your offer conditional on one
Title insurance
Get a quote
Optional; often arranged by your lawyer or notary
Property tax and utility adjustments
Varies
Repaying the seller for anything they prepaid past closing
CMHC’s rule of thumb
$5,681 to $15,148
1.5% to 4% of the price for all closing costs together
THE GUIDE
Buying a home in New Brunswick: what else to know
Moncton, Saint John and Fredericton prices
Greater Moncton’s benchmark is $378,700, Fredericton’s $364,200 and Saint John’s $355,700 (August 2026). At 1% of the price, the transfer tax is $3,787 in Moncton, $3,642 in Fredericton and $3,557 in Saint John.
With 20% down at 4.5% over 25 years, the benchmark home costs about $1,677 a month in Moncton, $1,613 in Fredericton and $1,575 in Saint John.
Down payment rules in New Brunswick
The minimum is 5% of the first $500,000 of the price and 10% of the part above. All three New Brunswick benchmarks are under $500,000, so the minimum is a flat 5%: $18,935 in Moncton.
With less than 20% down the mortgage must be insured. The CMHC premium is 4.00% of the loan with under 10% down and is added to the mortgage.
New homes and HST in New Brunswick
New Brunswick charges HST, so a new home carries a federal and a provincial part. First-time buyers can get back up to $50,000 of the federal part on a new home up to $1 million through the FTHB rebate.
We found no provincial HST rebate for first-time buyers on gnb.ca.
Using your FHSA and RRSP in New Brunswick
Each first-time buyer can withdraw everything in their FHSA tax-free and up to $60,000 from an RRSP under the Home Buyers’ Plan for the same home. FHSA withdrawals are never repaid; the Home Buyers’ Plan goes back into your RRSP over up to 15 years.
Mortgage lenders in New Brunswick
The big banks lend across Canada, including in New Brunswick. Listed for convenience, not ranked here. See every lender’s current rates on mortgage rates in Canada.
How do I use this New Brunswick mortgage calculator?
Pick Moncton, Fredericton or Saint John to start from its benchmark price, or type your own. Set your down payment, rate and a 25 or 30 year amortization. You get the monthly payment, the CMHC premium if you put less than 20% down, the 1% transfer tax and the cash you need on closing day.
What is the monthly mortgage payment on a typical Moncton home?
On the Greater Moncton benchmark of $378,700 (August 2026), with 20% down at 4.5% over 25 years, about $1,677 a month.
How much is property transfer tax in New Brunswick?
1% of the price or the assessed value, whichever is higher. On the $378,700 Greater Moncton benchmark that’s $3,787; on a $500,000 home, $5,000.
Is New Brunswick’s transfer tax based on the price or the assessed value?
Whichever is higher. The tax is 1% of the greater of the price you pay and the assessed value, so if the assessment is above your price, you pay 1% of the assessment. The calculator uses the price you enter.
Is there a first-time buyer exemption from New Brunswick’s transfer tax?
No. The Real Property Transfer Tax Act has no first-time buyer exemption. First-time buyers can still use the federal FHSA, Home Buyers’ Plan, home buyers’ amount and the GST rebate on new homes.
What is New Brunswick’s Homeownership Assistance Program?
A Housing NB loan for households with income below $40,000: 40% of the purchase price, closing costs and modest repairs, at 0% interest for incomes under $30,000. It’s for first-time homeowners or people living in substandard housing.
How much down payment do I need in New Brunswick?
5% of the first $500,000 and 10% of the rest, or 20% at $1.5 million or more. On the Moncton benchmark that’s $18,935.
What closing costs should I budget for in New Brunswick?
The 1% transfer tax, legal fees and registration, a home inspection, title insurance and adjustments. CMHC’s rule of thumb is 1.5% to 4% of the price.
What federal programs can first-time buyers in New Brunswick use?
The FHSA, up to $60,000 from an RRSP through the Home Buyers’ Plan, the $10,000 home buyers’ amount, up to $50,000 of the federal part of the HST back on a new home and a 30-year insured amortization through CMHC Home Start.
General information, not financial or legal advice. Programs have conditions on residency, past ownership and price; your lawyer or notary and the program will confirm what you qualify for. Rules checked October 16, 2026. See our methodology.
