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

Looking For An Affordable Home Or A Fixer-Upper (Perhaps A Flip House)? This House, Although Needing A Bit Of Repair, Is Ready For A Loving Small Family. There Is A Fairly New Styled Kitchen And Bathroom On The Main Level As Well As A Formal Dining Area Set Beside A Large Living Room. Note That The Photos Show Some Gyroc Patching Has Already Been Performed So Could Be A Quick Fix-Up. The Upper Floor Contains A Large Master Bedroom And A Den (Could Be A Bedroom As Well If A Closet Is Added). The Basement Is Open For Finishing Touches But Does House The Furnace, Water Heater And Water Softener Etc. The Exterior Has A Sweet Wrap-Around Deck At The Back Plus Another One On The Front Side, A Tall Vinyl Fence Running Along The Front And West Side Of The Large Yard For Privacy (Loads Of Off-Street Parking In The Back). Call Today If You Are Interested In Owning This Property With An Abundance Of Potential. Might Make A Fantastic Winter Project Too. (Id:23934)
CALL1.877.896.6727
Property Price
$77,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$3,850
Mortgage Insurance ($)
$2,926
Mortgage Required ($)
$76,076
Best Mortgage Rate (%)
1.69%
Mortgage Type
2 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$256
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$5,606
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$5,606
Monthly Payment
$311
Have A Look At This Awesome Starter Home Or Revenue Property! The Main Level Has A Great Floor Plan With Living And Dining Room Side By Side And A Lovely Galley Kitchen Just Off The Dining Space. The Flooring Has Been Updated On The Main Floor And The Kitchen Has Been Beautifully Redone. There Is A Bedroom, 4-Piece Bathroom And Laundry Room Also On The Main Floor. Upstairs You Will Find An Additional Bedroom And A 3-Piece Ensuite. Outside Is A Large 24X26 Insulated Garage Built In 2011 With 200-Amp Service. Lots Of Upgrades Over The Past Few Years Including Mid-Efficiency Furnace, Water Heater And Shingles. At This Price You Cant Go Wrong! The Home Is Currently Rented For $1000 / Month Plus Power And Energy. Call Today If You Would Like To Take A Look! (Id:23934)
CALL1.877.896.6727
Property Price
$109,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$5,495
Mortgage Insurance ($)
$4,176
Mortgage Required ($)
$108,581
Best Mortgage Rate (%)
1.69%
Mortgage Type
2 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$355
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$7,350
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$7,350
Monthly Payment
$444
Beautiful Home Located In A Quiet Cul-De-Sac On The Sask Side This Inviting Home Feature A Cozy Gas Fire Place In The Living Room With A Spacious Kitchen That Has Upgraded Cabinets, And A Large Island With Tile Floor And Hardwood, And Air Conditioner With 5 Bedrooms And 3 Bathrooms. The Master Bedroom Has A Jetted Tub With A Separate Shower, And The Garage Is Heated With Rv Parking On The Side. House Sold As Where Is (Id:23934)
CALL1.877.896.6727
Property Price
$369,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$18,495
Mortgage Insurance ($)
$14,056
Mortgage Required ($)
$365,461
Best Mortgage Rate (%)
1.69%
Mortgage Type
2 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$1,135
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$21,130
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$21,130
Monthly Payment
$1,493
Welcome Home To This Immaculate Home On A Great Street In Weinmaster. This Home Has Been Lovingly Maintained, Upgraded With Quality, Is Just Clean As They Come And Has A Awesome Family Friendly Location - Close To The Park, Schools And Walking Distance To The Mall. The Great Layout Offers A Front Entry With Space To Greet Your Visitors, With Plenty Of Storage As Well As Direct Garage Access. This Home Breathes Space With 1664 Square Ft To Spread Out, Enjoy And Make Your Sanctuary. The Vaulted Great Room Invites You Into A Large Open Space, Warmed With Plenty Of Windows And Gleaming Hardwood Floors. The Huge Detailed Kitchen Has Island, Updated Appliances, Great Storage Options, An Eat In Area And Offers Access To The Deck. The Same Hardwood Flows Down The Hall And Into All Three Good Sized Bedrooms. Both The Main Bathroom And The Master Ensuite Are Large With Ample Storage. The Main Floor Laundry /2 Piece Bathroom Is A Definite Bonus And Convenience. The Lower Level Features A Large L Shaped Family Room Offers Options For Your Big Tv, Space For A Games / Play Area Or Whatever You Need - There Is Plenty Of Space To Make It Your Own. Another Two Good Sized Bedrooms, One With Walk-In Closet Again Offer Options For An Office And / Or An Older Child's Private Space. Basement Bathroom Is Huge With A Fresh Update Complete With A Full Sized Tub. Attached Garage Is A True Double With Water. & Heat. Shed Is Has Stucco To Match Home & Has Power. Home Is ""Move In Ready"" With An Extensive List Of Updates: Main Floor Hardwood, Windows, Doors And Patio Doors All In 2015, Basement Flooring & Paint, Bathroom Updates To Flooring, Sinks, Taps & Counter Tops, Custom Blinds, Deck & Railing (2016), Sidewalks, Double Driveway (2017), Shingles, Eves And Metal Cladding ( 2017), Water Softener, Reverse Osmosis (2019), Water Heater (2020). Both Freezers And Basement Fridge Included. Blinds Included But Not Curtains. Energy Epp: $75.00 (Id:23934)
CALL1.877.896.6727
Property Price
$389,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$19,450
Mortgage Insurance ($)
$14,782
Mortgage Required ($)
$384,332
Best Mortgage Rate (%)
1.69%
Mortgage Type
2 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$1,192
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$22,142
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$22,142
Monthly Payment
$1,571
Loads Of Potential! This Open Concept 1,288 Square Foot 4 Bedroom, 2 Bathroom Bungalow Would Make An Excellent Entry Level Home. Home Needs Tlc On Interior. Exterior Is Partially Fenced With Rear Lane Access. (Id:23934)
CALL1.877.896.6727
Property Price
$164,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$8,245
Mortgage Insurance ($)
$6,266
Mortgage Required ($)
$162,921
Best Mortgage Rate (%)
1.69%
Mortgage Type
2 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$520
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$10,265
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$10,265
Monthly Payment
$666

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.