Saskatchewan Mortgage Calculator

?
Enter the amount that you are planning on paying for the property
Property Value
STEP 1
Enter property purchase price
Haven't found a property to purchase yet?
Option #1
Option #2
Option #3
Option #4
?
Enter the amount that you will pay upfront
toward the property to obtain a mortgage
Down Payment
?
CMHC mortgage insurance is required on all
mortgages with down payment less than 20%
Mortgage Insurance
+
$19,000
$13,950
$11,900
$0.00
?
Total mortgage amount is calculated by subtracting
the down payment from the property price and adding
CMHC mortgage insurance (if applicable)
Mortgage Required
=
$494,000
$463,950
$436,900
$400,000
?
Amortization period is length of time that it would take
the mortgage holder to pay off the mortgage in full
Amortization Period
?
Please select the province where you are planning
on taking out the mortgage, as mortgage rates can
vary in different provinces
Select Province
STEP 2
Select province to get current
mortgage rates
?
Mortgage type specifies whether the interest
rate is variable or fixed
Mortgage Type
?
Mortgage term is the duration of time that you
are committed to a lender, rate and conditions
Mortgage Term
?
Mortgage rate is the interest rate that you will
be paying on the outstanding balance for the
duration of the mortgage term
Mortgage Rate
Select
Select
Select
Select
STEP 3
Select one of the mortgage
rates currently available
?
Please select how often you would like
to make your mortgage payments.
Payment Frequency
?
Mortgage payment is the amount that you will be
required to pay based on your mortgage terms
Mortgage Payment
?
This is an estimate of how much you should expect
to spend upfront in order to make this purchase
Cash Needed
Down Payment
$25,000
$50,000
$75,000
$100,000
Mortgage Insurance PST
+
$0
$0
$0
$0
Lawyer Fee
+
$1,000
$1,000
$1,000
$1,000
Title Insurance
+
$500
$500
$500
$500
Land Transfer Tax
+
Total Cash Needed
=
$28,020*
$52,616*
$77,457*
$101,500*
* Plus Land Transfer Tax, please select Saskatchewan city to calculate Land Transfer Tax

Contact Us

First Name
Last Name
Email
Phone
Message (Optional)
OR CALL
1.877.896.6727

Saskatchewan Mortgage Calculator Examples

Welcome To This Charming And Meticulously Maintained Older Home, Offering A Perfect Blend Of Classic Charm And Modern Comfort. Nestled In A Serene Neighborhood, This Spacious 5-Bedroom, 2-Bathroom Residence Is An Ideal Family Retreat. Step Inside To Discover A Cozy Galley Kitchen, Thoughtfully Designed For Efficiency And Ease. The Kitchen Seamlessly Flows Into A Welcoming Family Room, Where A Gas Fireplace Creates A Warm And Inviting Atmosphere, Perfect For Family Gatherings Or Quiet Evenings. The Home Boasts Five Bedrooms, Providing Ample Space For Family Members Or Guests. The Two Well-Appointed Bathrooms Ensure Convenience And Comfort For All. One Of The Highlights Of This Property Is The Large Deck Space, Perfect For Outdoor Entertaining, Barbecues, Or Simply Enjoying The Tranquility Of The Surrounding Landscape. The Heated Garage Offers Additional Convenience, Especially During Colder Months, Providing A Warm Start To Your Mornings. Green Thumbs Will Appreciate The Dedicated Garden Space, Ready For Your Favorite Plants And Flowers. Whether You’Re An Avid Gardener Or Looking To Start A New Hobby, This Garden Is A Delightful Addition To The Home. This Well-Cared-For Residence Offers A Unique Opportunity To Own A Piece Of Classic Architecture, Combined With The Comforts Of Modern Living. Don’T Miss The Chance To Make This Beautiful House Your Home. Schedule A Viewing Today And Experience The Charm And Warmth For Yourself. (Id:23934)
CALL1.877.896.6727
Property Price
$249,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$12,450
Mortgage Insurance ($)
$9,462
Mortgage Required ($)
$246,012
Best Mortgage Rate (%)
4.84%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$772
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$14,722
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$14,722
Monthly Payment
$1,408
Welcome To 3806 49 Avenue, Nestled In The Serene Larsen Grove Neighbourhood Of Lloydminster, Sk! This Charming Residence Offers A Delightful Blend Of Comfort And Convenience. This Freshly Painted Home Features Three Bedrooms, Including A Primary With A 2-Piece Ensuite And Updates Throughout. The Completed Basement Offers A Family Room, Bedroom, And Ample Storage With An Updated Furnace And Hot Water Tank. Enjoy Alley Access And A Double Detached Garage. Affordable Housing Awaits! 3D Virtual Tour Available! (Id:23934)
CALL1.877.896.6727
Property Price
$229,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$11,495
Mortgage Insurance ($)
$8,736
Mortgage Required ($)
$227,141
Best Mortgage Rate (%)
4.84%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$715
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$13,710
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$13,710
Monthly Payment
$1,300
Classic Character Home With So Much Charm. Here Is Your Opportunity To Own A Piece Of History! This Gem Is Nestled On A Mature Street That Is Full Of Character Homes, Beautiful Flowering Trees, And Landscaped Yards . The House Has Been Renovated And Has 3 Bedrooms And 2 Bathrooms. Kitchen, Dining And Living Room, 3 Piece Bath And One Bedroom Are On The Main Floor, The Second Floor Has 2 More Bedrooms And Another 3 Piece Bathroom. Bathrooms And Flooring Have Been Upgraded Along With New Shingles In 2022. Beautiful Large Fenced Back Yard Hosts A Patio For Summertime Relaxing, Fence To Keep Your Pets In The Yard, Privacy, And Room For A Garden If You So Desire. Perfect Starter Home Or Rental Opportunity (Id:23934)
CALL1.877.896.6727
Property Price
$158,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$7,900
Mortgage Insurance ($)
$6,004
Mortgage Required ($)
$156,104
Best Mortgage Rate (%)
4.84%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$499
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$9,899
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$9,899
Monthly Payment
$894
Welcome To This Charming 2 Bedroom 1 Bathroom Home. This Home Has Seen Several Renovations Over The Years Including: Newer Paint, Flooring, Shingles On Garage 2023, Shingles On The House 2018, Furnace And Heater 2016, New Plumbing In 2018. This Home Is Move In Ready With All Your Big Ticket Items All Done! Situated Within Walking Distance To The Hospital And Downtown And Perfect Home For A First Time Home Buyer At An Affordable Price. Call Today To Schedule Your Viewing! You Do Not Want To Miss Out! (Id:23934)
CALL1.877.896.6727
Property Price
$89,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$4,495
Mortgage Insurance ($)
$3,416
Mortgage Required ($)
$88,821
Best Mortgage Rate (%)
4.84%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$295
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$6,290
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$6,290
Monthly Payment
$509
Welcome To 1348 Manitou Crescent! This Well Maintained B-Level Is Nicely Situated On A Quiet South Hill Crescent & The Property Is Well Laid Out To Take Advantage Of The Sprawling Corner Lot Providing Plenty Of Parking Including Concrete Parking Pad, Front & Side Street, A Heated Double Detached Garage (26’X24’) & A Swing Gate Off The Alley For Easy Access. The Main Floor Features A Spacious Living Room, Kitchen & Dining Area With Garden Door To Covered Deck, 2 Nice Sized Bedrooms & 3Pc Bath With Tub. The Lower Level Offers A Large Family Room With One Side Finished With Cabinets & Sink – Great For A Future Wet Bar Perhaps? There Is A 3Rd Bedroom, 3 Piece Bath With Shower & A Combination Laundry / Utility Room With Tons Of Storage (Updated Hi-Efficient Furnace, Water Heater & Central Air Conditioning Unit!). This Home Is Just Waiting For Your Personal Touch! (Id:23934)
CALL1.877.896.6727
Property Price
$279,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$13,950
Mortgage Insurance ($)
$10,602
Mortgage Required ($)
$275,652
Best Mortgage Rate (%)
4.84%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$862
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$16,312
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$16,312
Monthly Payment
$1,578

Mortgages In Saskatchewan

Known for many things, it is the perks and intricate surprises that makes Saskatchewan home for many people. Besides being a powerhouse in agriculture, prairie living begins by looking up to the sky (this provinces motto 'land of the living skies' reflects breathtaking sunsets & interesting cloud formations). The people who live here (Saskatchewanians or Saskatonians) are warm, friendly, and exude a real sense of community which makes for ideal neighbours, especially for families with children and growing families. Traversing to and from the main cities is a comfortable driving distance for those home buyers who want the full rural lifestyle. As for outdoor enthusiasts who enjoy fishing, hiking & boating, this province is loaded with lakes & rivers and trails to explore, hence the many bridges. The realty market here makes up an interesting and diverse collection (some homes that can be seen on the MLS is large executive & multi-story houses, backsplits & bungalows, single family homes and cottages & condominiums). Mortgage loans are typically the way most buyers secure their new home and a Saskatchewan mortgage calculator can be a big help while searching through the MLS (a mortgage calculator can be found and used for free on numerous websites).
First time home buyers require a great deal of mortgage related information before really digging their heels in and moving forward once a certain home in Saskatchewan is on the 'potential' list. Self-help researching via the Internet is a good way to at least become familiar with many personal options like mortgage products that perform with mortgage loans and the details of how mortgages are set up per the individual. You will notice that a basic mortgage calculator is not the only tool you have access to when it comes to figuring out a mortgage loan, its interest rate, the kind of rate, the amortization and the payment frequency. A mortgage product basically outlines HOW your mortgage loan will be paid, how much, how often and for how long. The prime rate dictates some mortgage products, such as an adjustable rate mortgage and a variable rate mortgage (so if the prime rate rises, your interest rate rises, if it lowers, your interest rate lowers). For a more stable mortgage, many people prefer a fixed rate mortgage because the interest rate is 'locked in' at a certain percentage for a term. Can you combine a fixed rate mortgage and a variable rate mortgage? Absolutely, as some lenders work with hybrid mortgages that utilizes both mortgage products to give you the best of both products.
Affordable and beautiful; that sums up Saskatchewan nicely and yes, it is a great province to invest in with a new home purchase. Since the CMHC (Canada Mortgage and Housing Corporation) decided to 'loosen up' on their guidelines & criteria for self-employed and single people, it is now much easier for entrepreneurs and single people to obtain a mortgage loan, with just a bit more prep work with providing additional documentation and income verification. Mortgage calculator(s) establish affordability, but gaining pre-qualification or even pre-approval from a lender is ideal before making any offer on a home. Sellers appreciate it when an offer comes in on their home and the buyer is already being backed by a reputable lender, rather then a buyer making an offer and not knowing whether approval for the mortgage loan is definite. A mortgage product is usually geared for your financials and the amount of money that is loaned is also dependent on your finances and the home itself (the value of the home). Stepping forward with a lender that is backing you financially is the most efficient path to home ownership, and having monies saved to cover all closing costs & related expenses is important to your lender as well.