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 Examples

This 2007 Built Home Presents Hardwood Flooring On The Main And A Classic Open Concept Kitchen And Dining Area, Featuring Maple Shaker-Style Cabinetry, Matching Stainless Steel Appliances And Garden Doors Leading To A Large Deck With A Privacy Wall In A Fully Fenced Yard. This Two-Owner 1,183 Square Ft Above Grade Home Consists Of Three Bedrooms On The Main With A Master 3-Piece Ensuite And Lighted Walk-In Closet. Descending To The Lower Level From The Spacious Main Entry, You Will Find A Bright And Functional Family Room With Large Windows, An Additional Two Spacious Bedrooms, A 4-Piece Bathroom, Ample Storage Space And A Bright Laundry / Utility Room. Your Home Is Complete With Central Air Conditioning, Central Vac And An Air Exchanger With Recently Replaced Fans. This Immaculate, Well Constructed Home Is Available For A Reasonable Possession Date And The Full Appliance Package Is Included. Please Call / Text To Arrange For Your Personal Showing Of This Property! (Id:23934)
CALL1.877.896.6727
Property Price
$425,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$21,250
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$1,300
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$24,050
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$24,050
Monthly Payment
$1,879
Ok - This House Has So Much And Even More! Starting With That Super Cute Exterior And Street Appeal= A+ Upstairs We Have Three Bedrooms Complete With Hardwood Floors, Updated Fixtures, Closets And Newer Windows. There Is A Nice Space At The Top Of The Stairs For An Office Or Den / Tv Room. The Main Floor Has A Large Bedroom With Two Closets. The Laundry Is On The Main Floor And Is In Shared Space With The Large Bathroom Complete With Granite Countertop And Soaker Tub. The Bathroom Has Ceramic Tiled Floors And The Rest Of The Main Floor Is Hardwood. There Are So Many Windows Giving So Much Great Light. The Kitchen Has Also Had Renovations. Tons Of Cupboard And Countertop (Glass Backsplash) Space. All Appliances Included. The Kitchen, Dining And Family Room Are All Open Concept. The Basement Is Insulated And Ready For You To Decide What It Looks Like. Upgraded Plumbing, Furnace, Electrical, Fixtures. There Is A Porch At The Front Of The House As Well The Back-This Extra Space Is Priceless And Provides Plenty Of Storage Space. The Yard Is Fully Fenced And Large. Large Enough For Your New Garage. Dont Miss This Beauty - Get In Today! (Id:23934)
CALL1.877.896.6727
Property Price
$199,950
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$9,998
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$625
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$12,122
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$12,122
Monthly Payment
$884
2 Bedroom Duplex In Bay Meadows Is Waiting For New Owners! This Duplex Features An Open Floor Plan With A Well Equipped Kitchen, Large Living Room And Large Dining Room . Natural Gas Fireplace In Living Room With Doors That Open To Patio And A Cute Little Back Yard Area.This Unit Also Features A Large Laundry / Utility Room And A Single Attached Garage. Recent Upgrades (2016) : New Furnace, Water Heater, Air Conditioner, Water Softener, Flooring In Kitchen And Living Room. (Id:23934)
CALL1.877.896.6727
Property Price
$179,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$8,995
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$565
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$11,060
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$11,060
Monthly Payment
$795
Wonderful Family Home Backs The Park, 1 Block To Legends Centre & Middle School & 1 Block To Elementary School. This Contemporary, Natural Light Filled 2 Story Home Is Completely Finished, Home Is In Great Showing Condition And Will Not Disappoint. Kitchen Features Beautiful Custom Cherry Cabinetry And Shelving With Granite Counter Tops And A Walk In Corner Pantry, Large Peninsula Island Loads Of Storage. Extensive Hardwood With Cherry Wood Accent, Main Floor Laundry, 3+1 Bedrooms And 3+1 Bathrooms. Basement Has Great Floor Plan For Family Use. Note-Able Inclusions Are, Gas Fire Place, 9' Ceilings On Main, Central Air, Central Vac, Finished Garage With Added Cabinets, Large Deck With Built In Fireplace, Beautifully Landscaped Backyard With Underground Sprinklers Backs The Park, Rv Parking, Triple Stamped Concrete Drive Complete This Home. Call Your Favourite Realtor® To View! Dont Miss Out! (Id:23934)
CALL1.877.896.6727
Property Price
$439,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$21,995
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$1,345
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$24,840
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$24,840
Monthly Payment
$1,945
Comments To Come (Id:23934)
CALL1.877.896.6727
Property Price
$279,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$13,995
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$865
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$16,360
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$16,360
Monthly Payment
$1,237

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.