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

A Must See In This House Is The Beautiful Sunroom On The Front Of The House, Perfect For That Morning Coffee Or Evening Unwind. The Living Room And Dining Room Are Very Spacious And Have Original Hardwood Floors. The Kitchen Was Completely Redone In 2018 And Has Tons Of Bright White Cabinetry Including A Large Built-In Hutch. The Large Master Bedroom Is Complete With A Walk-In Closet And Connects Directly To The Jack And Jill Bathroom. There Is An Additional Decent Sized Bedroom As Well. The Large Back Yard Is Fully Fence With Off Street Parking, A Large Shed And Beautiful Flower Beds. The Shingles, Eaves And Soffits Were Replaced In 2018. This Home Is Available For Quick Possession And At This Price Its Sure To Move Fast! Call Today To Set Up A Personal Tour! (Id:23934)
CALL1.877.896.6727
Property Price
$139,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$6,950
Mortgage Insurance ($)
$5,282
Mortgage Required ($)
$137,332
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$442
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$8,892
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$8,892
Monthly Payment
$539
Are You Looking For A 4 Bedroom, 3 Bathroom Home With A Single Attached Garage In Heritage Heights? This Home Is Ready For A New Owner To Call It ""Home!"" This Home Is Located Walking Distance To Elementary Schools & Parksideal If You Have Kids! This Deneschuk Built 1980 Home Has Had Some Upgrades In The Last 10 Years, Including Stainless Steel Appliances, Furnace, Water Heater, Flooring On The Main Floor, Doors, Appliances & Electrical Outlets. The Open Floor Plan Welcomes You Into This Family Home! Call Your Favorite Agent Today For Your Showing! (Id:23934)
CALL1.877.896.6727
Property Price
$199,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$9,995
Mortgage Insurance ($)
$7,596
Mortgage Required ($)
$197,501
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
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
$776
City View Premier Estates - Downtown Condo Living At Its Finest! This Property Is On The 3Rd Level And Has Balconies On Both North And West Sides, Providing Stunning Vistas And Beautiful Sunsets. The Unit Is Truly Luxurious, With High-End Features, An Open Flow, And Ample Space And Natural Light. You Enter The Building Into An Accommodating Front Entrance With Hallways And Doors Well-Suited For A Mature Owner. This Accommodation Continues Into The Suite. Through The Door, Stroll Over The Stunning Hardwood And Ceramic Tile Floors And Appreciate The Little ""Extras"" Such As Solid Core Doors, Spacious Laundry With Floor Drain, High-End Granite Counters, Stainless Steel Appliances, Slow Close Drawers, Cozy Fireplace, Open Concept Kitchen / Dining / Living Room, Huge Two-Sided Balcony With Gas Barbeque Connection, And Large Walk-In Closet And Master Bath. The Benefits To Living Here Include Well-Appointed Meeting And Exercise Rooms, And A Large Heated Underground Garage With Private Storage, Recycling, Elevator Access, And Even A Wash Bay! City View Premier Estates Truly Knows How To Make Life As Comfortable And Convenient As Possible And Offers A Built-In Community And Very Strong, Responsible Condo Association. With A Fantastic Master Retreat, Sizable Guest Bedroom And Laundry / Storage, And Well-Designed Floor Plan, This Truly Is A Premier Property! For More Information Or To Schedule Your Private Viewing Appointment, Please Call The Listing Agent. (Id:23934)
CALL1.877.896.6727
Property Price
$319,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$15,950
Mortgage Insurance ($)
$12,122
Mortgage Required ($)
$315,172
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$982
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$18,432
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$18,432
Monthly Payment
$1,238
This Condo Checks All The Boxes! Three Bedrooms, A Detached Double Garage Plus Street Parking And Is Move In Ready! This Two Story Condo Has Very Attractive Curb Appeal With Tasteful Landscaping, Modern Flooring Throughout The Main And Nice Kitchen Cabinets Topped Off With Black Appliances. Lots Of Windows That Make Every Room In This Home Nice And Bright! Upstairs You'll Find The Three Bedrooms And 4 Piece Bath With The Master Having A Large Walk In Closet. Fresh Paint On Main And Up Staircase January 2021. For More Information Or To Book A Showing Call Today! (Id:23934)
CALL1.877.896.6727
Property Price
$179,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$8,995
Mortgage Insurance ($)
$6,836
Mortgage Required ($)
$177,741
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
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
$698
Professional Photos To Follow (Id:23934)
CALL1.877.896.6727
Property Price
$334,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$16,745
Mortgage Insurance ($)
$12,726
Mortgage Required ($)
$330,881
Best Mortgage Rate (%)
1.35%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$1,030
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$19,275
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$19,275
Monthly Payment
$1,300

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.