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 Home At 221 Bean Crescent Is Waiting For You! Featuring Bright Living Spaces, Stylish Updates, And Fantastic Outdoor Areas. You Are Greeted To A Sunny Living Room, With Built In Window Seat Complete With Storage Underneath. The Kitchen Has Been Very Tastefully Refinished With White Cabinetry, And Features Plenty Of Cupboard And Cabinet Space, And A Sit Up Counter. There Are 2 Nicely Sized Bedrooms And A Full Bath To Finish Up The Main Floor Of This Home. The Basement Has Loads Of Storage, A Great Family Room That Would Be An Excellent Second Living Room Or Teenage Hangout Room, Or Toy Room. 2 More Bedrooms With Large Windows, Another Bathroom, And A Laundry Utility / Laundry Room To Complete The Basement. A Pleasant Surprise Awaits You Out The Door Of The Dining Room. An Enclosed Deck That Has Been Completely Finished With Lots Of Room To Entertain, And A Door For Access To The Backyard. This Yard Is Huge And Boasts Raised Garden Beds, Pond, Firepit Area And Lots Of Grass For The Kids To Run And Play. A Large Garage Finishes This Corner Property Nicely, With Loads Of Parking Both In Front And Behind The Garage. Call The Listing Agent To Have A Look At This One Today! (Id:23934)
CALL1.877.896.6727
Property Price
$289,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$14,450
Mortgage Insurance ($)
$10,982
Mortgage Required ($)
$285,532
Best Mortgage Rate (%)
1.45%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$892
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$16,842
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$16,842
Monthly Payment
$1,135
Great 3 Bedroom 2 Bathroom Home Located In Great Area Of North Battleford. Close To Elementary Schools, High Schools And Downtown. The Main Level Is Nice And Open With A Recently Renovated Kitchen. The Kitchen Has Lots Of Cupboard And Counter Space. The Main Level Also Has One Bedroom And A 4 Piece Family Bath. The 2Nd Level Is Host To Two Bedrooms. The Lower Level Has Been Recently Finished And Has A Bedroom, 3-Piece Bathroom With Walk In Shower, Laundry Area And Spacious Recreation Room. This Great Family Home Has Had Lots Of Up Grades Including, Furnace, Hot Water Tank, Electrical Panel And More. The Large Back Yard Is Wide Open With Lot Of Room To Add A Garage Or Just Enjoy The Spacious Back Yard. Don't Miss Out! Call Today For A Private Showing. (Id:23934)
CALL1.877.896.6727
Property Price
$159,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$7,995
Mortgage Insurance ($)
$6,076
Mortgage Required ($)
$157,981
Best Mortgage Rate (%)
1.45%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$505
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$10,000
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$10,000
Monthly Payment
$628
This Home Greets You As You Enter The Front Door. The Living Room Opens Through The Kitchen And Also Has A Side Den. The Den Has A Three Piece Bathroom. The Kitchen Has Updated Cabinets And A Large Back Porch That Has Access To The Back Door. The Second Floor Has Two Bedrooms, And An Upgraded Bathroom. The Basement Is Undeveloped And Is Great For Storage. The Backyard Is Fenced And Has A Storage Shed And Detached Single Car Garage. (Id:23934)
CALL1.877.896.6727
Property Price
$124,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$6,245
Mortgage Insurance ($)
$4,746
Mortgage Required ($)
$123,401
Best Mortgage Rate (%)
1.45%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$400
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$8,145
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$8,145
Monthly Payment
$490
Here Is A Large Raised Bungalow Located In The Heart Of Warman On A Quiet Cul De Sac At Crystal Court. This 1450Sqft Home Is The Ideal Family Home That Offers A Ton Of Space And Has All The Features You Need! The Huge Living Room Is Outfitted With Hardwood Flooring That Is Open To The Dining Area Split With A 3 Sided Gas Fireplace To Add That Extra Comfortable Ambiance. The Kitchen Is Huge With A Custom Tiled Backsplash And Large Island Great For Entertaining And Food Prep! Upstairs Boasts 3 Good Sized Bedrooms, With The Master Bedroom Having A Gorgeous En-Suite With A Corner Soaker Tub. The Huge Upgraded Feature To This Home Is Definitely The 9' Ceilings - Not Only On The Main Level But Downstairs Too! This Is Where You Find The True Appreciation For Large Bungalows - The Basement! This Basement Is Incredible For Its Large Family Room That Hosts A Large Home Theatre Setup, Room For A Pool Table And Play Area And Comfortable Seating - There Is No Shortage Of Space!!! Around The Corner Is More Open Space Set Up For Office Area / Games Are, Along With A Bedroom, Den, And Separate Laundry Room. The Home Is Outfitted With Infloor Heat And Upgraded Mechanical, Amazing For Its Efficiency - Along With Central Air Conditioning. The Garage Is An Oversized Double Attached And The Driveway Is Large For Added Parking. The Benefit To This Lot Is That It Is Located On The Corner Of A Cul De Sac And Quiet Cres With No Immediate Neighbours To The North, Allowing For More Parking And More Space. There Is Ample Room To Add An Extra Workshop / Garage In The Back As Well. The Previous Owners Had An Above Ground Pool And Still Have The Rough-In For The Natural Gas Hookup And Electrical In The Backyard If You Want To Hook A Natural Gas Heater Back In For The Pool Or Simply Use It As Patio / Firetable Hookup. This Home Is In Immaculate Condition And Needs To Be Seen To Be Fully Appreciated!!! Contact A Realtor Today! (Id:23934)
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Property Price
$479,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$23,995
Mortgage Insurance ($)
$18,236
Mortgage Required ($)
$474,141
Best Mortgage Rate (%)
1.45%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$1,465
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$26,960
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$26,960
Monthly Payment
$1,884
A Charming Bungalow With Loads Of Modern Touches Is What Your After? Well Here Is Your Chance. 283 Betts Ave Features An Open Concept Design With A Lush Kitchen And Massive Sit Up Island. As You Enter The Home The Elegant Light Fixtures Along With Your Massive Island With Built In Cook Top Is A Chefs Dream. Loads Of Cabinet And Countertop Space With A Full Line Up Of Stainless-Steel Appliances. Tiled Backsplash, Gorgeous Sink And Taps, This Kitchen Is Awesome. With The Open Concept Your Dining Area Which You Sit A Large Gathering For The Special Occasions Along With A Cozy Living Room Area To Relax. Down The Hallway 2 Nice Size Bedrooms Along With A Modern Renovated 4-Piece Washroom. Heading Downstairs, You Will Find Multiple Storage Locations Along With A Good-Sized Recreation Room Area. An Additional Large Bedroom And If Required Could Have A 4Th Bedroom Or A Nice Office Space In The Basement. Beautiful 3-Piece Washroom With Tiled Shower. Air Conditioning, Newer Water Heater, Along With A Reverse Osmosis System And Water Softener. This Home Has It All For You. Outside The Fenced Backyard Is A Large Area For The Kids And Pets To Play. Storage Shed With Power Which Allows For Those Plug-In Garden Tools To Be Used With Power At Your Convenience. The Garage, Perfect Spot To Keep The Car Out Of The Elements. Situated In An Excellent North Central Neighbourhood, Close To An Elementary School And The High Schools. If Your Looking To Get Into Your First Home Or Looking To Downsize Without Sacrificing The Needs And Wants In A Home This Is Your Place. A True Gem That Youll Family Will Love. (Id:23934)
CALL1.877.896.6727
Property Price
$209,300
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$10,465
Mortgage Insurance ($)
$7,953
Mortgage Required ($)
$206,788
Best Mortgage Rate (%)
1.45%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$653
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$12,618
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$12,618
Monthly Payment
$822

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.