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

Great Price On A 2 Bedroom Condo! Third Level Partially Furnished Condo In The Valleyview Area. This Condo Includes Fridge, Stove, Microwave, Dishwasher, Washer, Dryer, Kitchen Table And Chairs, Entertainment Centre, Two Couches, And Some Bedroom Furniture. Condo Fees Include Interior And Exterior Maintenance, Lawn Care, Water, Sewer, Heat, Snow Removal, And Reserve Fund. (Id:23934)
CALL1.877.896.6727
Property Price
$110,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$5,500
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$355
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$7,355
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$7,355
Monthly Payment
$486
Revenue Property - An Affordable Property To Get A Start In The Business Or Expand Your Portfolio. The Main Floor Features A Foyer Area Leading Into Two, 1 Bedroom Suites With Full Baths And Open Concept Kitchen, Dining And Living Rooms. Upstairs Is An Additional Suite With A Large Separate Living Room, Kitchen With Dining Area, Bedroom And Full Bathroom. The Property Has Great Potential For Parking Off The Alley Or Running Alongside The House. Over The Past Year Two Of The Three Suites Have Been Freshly Painted, As Well As New Carpeting In Them And Up The Stairs. There Is Also Potential For This Home To Be Converted Back To A Single Family Dwelling. Call For More Information Or To View! (Id:23934)
CALL1.877.896.6727
Property Price
$114,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$5,700
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$367
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$7,567
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$7,567
Monthly Payment
$504
Cozy, Bright 992 Square. Ft. 2 Bedroom Home. Large Foyer, Lots Of White Kitchen Cabinets, Dinette Nook Table. Living Room With Gorgeous Hardwood Floors, Bathroom And Two Bedrooms On Main Level. Developed Basement With Family Room, Laundry, Bathroom And Storage Room. Two Lots (75X120 Ft), Beautiful Treed Yard With Ug Sprinklers, Lawn, Garden Area, Partially Fenced (Back Replaced 2019), 16X24 Garage With Opener, Private Back Deck. Fridge, Stove, Washer, Dryer, Dishwasher, Central Vac, Alarm System (Rented), Freezer, And Shed Remain. Furnace Replaced 2007, Water Heater 2015. (Id:23934)
CALL1.877.896.6727
Property Price
$129,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$6,495
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$415
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$8,410
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$8,410
Monthly Payment
$574
New Listing! (Id:23934)
CALL1.877.896.6727
Property Price
$50,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$2,500
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$175
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$4,175
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$4,175
Monthly Payment
$221
This Beautiful Home Is A Perfect Marriage Between Character And Modern Convenience. A Bright Veranda Leads You Into The Cheery Foyer With A Pocket Door That Takes You Into The Welcoming Living Room. The Natural Wood Fireplace Creates Just The Right Dining Ambience. In The Modernized Kitchen, There's A Breakfast Bar As Well As Another Eating Area. On The Second Floor, There's An Updated Bathroom Featuring An Extra Large Jet Tub For Luxurious Soaks Plus 3 Good Sized Bedrooms, 2 Of Which Have Interesting Alcoves Unique To Character Homes. A Second Updated Bathroom, 2 Dens (One Of Which Is Being Used As A Bedroom), And Laundry Room Are Located In The Basement Level. In The Fully Fenced, Maturely Landscaped Yard, There's A Huge 2 Tiered Deck With Plenty Of Room For A Hot Tub And Entertaining. The Single Garage Has A Shop And There's Room For Rv Parking In The Driveway. Located Just 2 Blocks From The Mall, This Home Is A Must See! (Id:23934)
CALL1.877.896.6727
Property Price
$285,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$14,295
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$883
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$16,678
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$16,678
Monthly Payment
$1,264

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.