Newfoundland and Labrador Mortgage Calculator
Calculate your Newfoundland and Labrador mortgage payment with CMHC premiums and land transfer tax.
Useful for home buyers in St. John's, Mount Pearl, Corner Brook, Gander, Grand Falls-Windsor, and all of Newfoundland and Labrador.
Useful for home buyers in St. John's, Mount Pearl, Corner Brook, Gander, Grand Falls-Windsor, and all of Newfoundland and Labrador.
Why use a Newfoundland and Labrador Mortgage Calculator?
Newfoundland and Labrador has a land transfer tax (registration of deeds), legal costs, and CMHC insurance. This calculator estimates your payment, CMHC premium, and closing costs.
Newfoundland and Labrador has a land transfer tax (registration of deeds), legal costs, and CMHC insurance. This calculator estimates your payment, CMHC premium, and closing costs.
Result
Enter your details to see the estimated payment here.
Related Calculators
Newfoundland and Labrador Land Transfer Tax: $100 plus $0.40 for every $100 over $500 of property value. Legal fees and title insurance are additional closing costs.
Average Home Prices in Major Newfoundland and Labrador Cities (2024)
| City | Detached | Semi-Detached | Townhouse | Condo |
|---|---|---|---|---|
| St. John's | $340,000 | $270,000 | $250,000 | $210,000 |
| Mount Pearl | $320,000 | $250,000 | $230,000 | $200,000 |
| Corner Brook | $280,000 | $220,000 | $200,000 | $170,000 |
| Gander | $260,000 | $210,000 | $190,000 | $160,000 |
| Grand Falls-Windsor | $250,000 | $200,000 | $180,000 | $150,000 |
Source: CREA, 2024 estimates. Prices are approximate and may vary.
Frequently Asked Questions (FAQ)
Yes, Newfoundland and Labrador charges a land transfer tax (registration of deeds) based on the property value. The rate is $100 plus $0.40 for every $100 over $500.
Typical closing costs include the land transfer tax, legal fees, title insurance, and CMHC insurance (if applicable).
Newfoundland and Labrador does not offer a provincial land transfer tax rebate, but federal programs may be available for first-time buyers.