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

Ready To Move Into And Waiting For New Owner! 3 Bedroom, 4 Piece Bath Home Located In Good West Side Location. Basement Has Family Room Bedroom And 3 / 4 Bath. Includes 5 Appliances And Central Air. Yard Has Deck, Shed And A New Fence On The North Side. Good Family Home Ready For Immediate Possession. (Id:23934)
CALL1.877.896.6727
Property Price
$199,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$9,995
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
$12,120
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$12,120
Monthly Payment
$884
Welcome To 430 Redwood Cres! This Home Is Located On A Corner Lot, Just A Short Stroll Away From Parks And Beautiful Walking Trails. This Custom Build Has Many Stand-Out Features Which Include 9 Ceilings On Main Floor For A Spacious Feel, Tons Of Natural Light, Beautiful Granite Countertops In Kitchen And Engineered Hardwood Flooring Throughout Main. Good Sized Master Bedroom With 3Pc En-Suite And Walk-In Closet. Basement Is Open For Development. Landscaping Is Complete (Front And Back) With Parking In The Back Which Has Easy Alley Access In And Out... Room To Build Future Garage. Covered Deck In The Front, Perfect For An Evening Sunset, And The Back Deck Has Hook-Up For Natural Gas Barbeque. Hardie Plank Exterior For Fantastic Street Appeal. Original Owners Whove Had Tremendous Pride Of Ownership. Purchaser To Verify Measurements. Contact Today For A Private Viewing! (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
Excellent Potential In This 3-Bedroom, 2-Bathroom Home Located In Hillside. The Main Floor Features The Kitchen With Separate Dining Area, Large Living Room, And An Office. The Second Floor Has All 3 Spacious Bedrooms And A Full Bathroom. The Partially Developed Basement Has A Good-Sized Family Room Area, Laundry, ¾ Bathroom, And Utility/ Storage Room. The Large Back Yard Is Well Treed And Has 3 Storage Sheds And Is Waiting For Someone To Love It Again (Id:23934)
CALL1.877.896.6727
Property Price
$162,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$8,145
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$514
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$10,159
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$10,159
Monthly Payment
$720
New Listing! (Id:23934)
CALL1.877.896.6727
Property Price
$219,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$10,950
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$682
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$13,132
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$13,132
Monthly Payment
$968
Exceptional Home! New North West Location! Robinson Contractings Newest Design Is Stylish, Unique And The Latest Thing In 2 Storey Construction. Perfect For Todays Family, It Offers A Large Kitchen / Dining Area Complete With Maple Floor-To-Ceiling Cabinets, Granite Counters, Nice Size Island And A Walk-In Pantry Plus A Garden Door To The Deck With A Country View. The Living Room Is Spacious, Bright And Features A Natural Gas Fireplace With Maple Mantel And Maple Railings Surrounding The Basement Stairs. This Level Also Has A 2-Piece Bath, Large Entry, Oversize Closet And A Mud Room Opening To The Pantry And Garage. The Second Level Comes With An Extra-Large Master Suite With A Huge Walk-In Closet And 5-Piece Bath With Soaker Tub And A Private Shower. This Level Also Offers 2 Additional Bedrooms, Laundry Room, 4-Piece Bath And A Large Bonus / Family Room. The Basement Is Finished With A Nice Size Family Room, An Additional Bedroom And Another 4-Piece Bath. All This And A Double Garage! Tomorrows Home Today! Value Pricing! Samsung Kitchen Appliance Package, Gst And Pst Are Included In The Price! (Id:23934)
CALL1.877.896.6727
Property Price
$439,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$21,950
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$1,342
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$24,792
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$24,792
Monthly Payment
$1,941

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.