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

This Family Home Is On A Quiet Street, Very Close To The High School, And Rinks. This 3 Bedroom Home Features A Fully Fenced Backyard, Complete With Patio Area, And Single Detached Garage. The Main Floor Of This Home Is Tastefully Finished With Vinyl Plank Flooring, Carpet In The Bedrooms, And Timeless White Cabinetry. The Basement Holds Another Bedroom, Laundry, Family Room, And A Ton Of Storage Space. Contact The Listing Agent To View! (Id:23934)
CALL1.877.896.6727
Property Price
$185,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$9,250
Mortgage Insurance ($)
$7,030
Mortgage Required ($)
$182,780
Best Mortgage Rate (%)
1.30%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$580
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$11,330
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$11,330
Monthly Payment
$714
2 Parking Stalls Are Offered In This Well Appointed Townhouse. One Surface Stall And The Single Attached Garage! Central Air Is An Added Bonus! This South Backing Townhome Is Flooded With Light! White Heritage Kitchen With Patio Doors Off Eating Area To The Balcony, 1 / 2 Bath And Inviting Living Room Is Bright And Airy While Top Level Features Laundry, 2 Good Size Bedrooms And Full 4Pc Bath. Main Floor Den Off The Attached Garage Is The Perfect Hide A Way Or Guest Room! Ideally Located Close To All Amenities This Unit Is Sure To Impress And Priced To Sell! (Id:23934)
CALL1.877.896.6727
Property Price
$196,500
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$9,825
Mortgage Insurance ($)
$7,467
Mortgage Required ($)
$194,142
Best Mortgage Rate (%)
1.30%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$614
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$11,939
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$11,939
Monthly Payment
$758
Welcome To 3503 6Th Ave N In Coronation Park. This Is A Great Starter Home In A Good Location Close To Schools, Parks And North End Amenities. This 1108Sqft Bungalow Has 4 Bedrooms And 2 Baths , The Primary Bedroom Also Has A 2Pce Ensuite...A Large Living Room, Dining Room And Functional Kitchen Complete The Main Floor. The Basement Is Finished With A Huge Recreation Room Area Plumbed For A Gas Fireplace, The 4Th Bedroom, 3 Pce Bath And Laundry Utility Room Make This Home Ready For New Owners... There Is A Large Backyard Backing Greenspace And A Double, Insulated And Heated Garage. A Little Tlc And Vision Would Make This A Great Home For Your Family. Call Or Text The Listing Agent For More Information Or To Schedule A Private Viewing. (Id:23934)
CALL1.877.896.6727
Property Price
$259,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$12,995
Mortgage Insurance ($)
$9,876
Mortgage Required ($)
$256,781
Best Mortgage Rate (%)
1.30%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$805
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$15,300
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$15,300
Monthly Payment
$1,003
Welcome To This Well-Kept Home Located In An Quiet Cres In Palliser Neighborhood! Over 7000Sq. Ft. Lot, This 1212 Square. Ft. Bi-Level Features 5 Bedrooms And 3 Bathrooms. Upon Entering This Spacious Foyer You Will See The Beautiful Laminate Floors Throughout This Open Design, Spacious Living Room With Huge Windows Give Lots Of Natural Lights, Oak Cabinets In The Kitchen With Plenty Of Storage. The Master Bedroom Comes With 2Pc En-Suite, Two Other Good Sized Bedrooms With Another Upgraded 5Pc Bath On The Main Floor. The Lower Level Has A Family Room With A Gas Fireplace For Family Entertainment, 2 Additional Bedrooms And A 3Pc Bath. The Attached Heated Double Garage Also Offers Lots Of Storage And Has Radiant Heat. The Backyard Is Fully Fenced With Beautiful Garden Area, Pear Tree, Grape Wines And A Gazebo. Updates Include Bathroom, C / V, Pvc Fence, Shingles, Eaves Troughs. Never Missing That Great Home! (Id:23934)
CALL1.877.896.6727
Property Price
$349,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$17,450
Mortgage Insurance ($)
$13,262
Mortgage Required ($)
$344,812
Best Mortgage Rate (%)
1.30%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$1,072
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$20,022
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$20,022
Monthly Payment
$1,346
Welcome To 241 First Avenue Sw A Completely Move In Ready Home With A Yard Like Youve Never Seen Before! 900 Square Feet Of Updated Living Space Fit With 5 Bedrooms, 2 Bathrooms And Tons Of Functional Living Space. The Main Floor Has Been Repainted, Fit With Fresh Flooring, A Fully Renovated 3 Piece Washroom, 3 Modern Bedrooms And A Custom Crafted White Kitchen. Strategically Built To Take Advantage Of Every Inch The Cabinetry Stretches To The Ceilings, Includes Under Island Storage And A Built In Pantry. The Kitchen Also Features Stainless Steel Appliances, A Window Placed Purposefully Above The Sink And An Island Overlooking The Living Room That Converts Into A Table! The Basement Has Been Completely Renovated, New Flooring, Paint, Suspended Ceiling And A Gorgeous Custom Wet Bar Perched Right Beside The Family Room. Here Youll Find Another 2 Bedrooms, A Three Piece Washroom, Laundry And Utility Space. Head To The Rear Of The Home To Find The Fully Fenced, Immaculate Yard. Featuring A Spacious Covered Deck(Covered In 2020) And Fresh New Landscaping. A Stone Patio Housing A Permitted Fire Pit And A Pond / Waterfall Feature On Gfis With A Built-In Auto Fill Feature. Around The Exterior Youll Find Perennials, Garden Boxes With Irrigation And Lush Green Grass With Underground Irrigation And Multiple Sheds For Convenient Storage. Find A Stereo System Located Inside The Outbuildings With Exterior Speakers To Ensure You Have The Ultimate Outdoor Entertaining Space On Your Oversized Southside Lot! Last But Not Least The 2 Car Garage, Fully Insulated, Heated And Ready To Satisfy The Man Of The House! The Updates Are Countless But Some Include A Metal Roof On The House And All Out Buildings, Updated Soffit / Fascia / Eaves, Vinyl Siding With 1 1 / 2"" Insulation Underneath To Ensure Energy Efficiency, Pvc Windows, Central Air Conditioning And More. Fore More Information Or To Book Your Personal Viewing Contact The Listing Agent Today! (Id:23934)
CALL1.877.896.6727
Property Price
$310,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$15,500
Mortgage Insurance ($)
$11,780
Mortgage Required ($)
$306,280
Best Mortgage Rate (%)
1.30%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$955
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$17,955
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$17,955
Monthly Payment
$1,196

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.