Compare current fixed and variable mortgage rates, monthly payment estimates, and first-time buyer programs for Antigonish homebuyers.
Based on $$280,000 average home price at current Nova Scotia rates.
| Down % | Down Amount | CMHC Fee | Mortgage | Monthly Fixed | Monthly Variable |
|---|---|---|---|---|---|
| 5% | $14,000 | $10,640 | $276,640 | $1,598/mo | $1,360/mo |
| 10% | $28,000 | $7,812 | $259,812 | $1,501/mo | $1,277/mo |
| 15% | $42,000 | $6,664 | $244,664 | $1,413/mo | $1,203/mo |
| 20%NO CMHC | $56,000 | $0 ✅ | $224,000 | $1,294/mo | $1,101/mo |
The average home price in Antigonish is approximately $280,000 as of 2026, representing a +2.8% change year-over-year.
Current 5-year fixed rates in Antigonish start around 4.88%, while variable rates start around 3.33%. Credit unions in Nova Scotia often offer rates 0.25–0.50% below major banks.
To afford a $280,000 home in Antigonish with 10% down at 4.88%, you would need approximately $44,800/year gross income to meet the GDS ratio of 39%.
For a $280,000 home, the minimum down payment is 5% ($14,000). With 5% down, CMHC insurance of $10,640 is added to your mortgage.
With the Bank of Canada holding at 2.25%, variable rates (3.33%) are currently lower than 5-year fixed (4.88%). Variable saves money if rates stay flat or drop, but fixed gives payment certainty. Consult a mortgage broker for your specific situation.