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

Welcome To 322 2Nd Avenue In Weyburn! If You Are Looking For A Starter Home, Or Income Property At A Great Price Look No Further! This Cozy Home Has 2 Bedrooms, A Good Sized Living Room, Functional Kitchen With Laundry And Plenty Of Storage In The Basement. The Yard Holds A Ton Of Opportunity For A Garage, Play Structure, Garden Area And Plenty Of Room For The Kids To Run And Play! Fridge, Stove, Washer And Dryer Included! Contact The Listing Agent For Your Tour Today! (Id:23934)
CALL1.877.896.6727
Property Price
$81,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$4,095
Mortgage Insurance ($)
$3,112
Mortgage Required ($)
$80,917
Best Mortgage Rate (%)
2.80%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$271
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$5,866
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$5,866
Monthly Payment
$375
55+ Condo Located In The The City Of Warman. This 3Rd Level Unit Has Been Completely Updated With New Flooring, Cabinetry, Paint, Bathroom Vanity, And Toilet. Enjoy The Morning Sun From The Large East Facing Balcony. With 2 Bedrooms, A Full Bathroom, And In-Suite Laundry It's The Perfect Place To Call Home For Anyone Looking For A Cozy Low Maintenance Spot To Reside. The Building Has Been Very Well Maintained And Includes An Elevator, An Amenities Room -Which Offers A Nice Space To Socialize & Each Unit Has A Storage Unit And A Parking Stall. This Unit Shows 10 / 10 And Is Ready For You To Call It Home. Contact Your Favourite Realtor To Schedule A Private Viewing. (Id:23934)
CALL1.877.896.6727
Property Price
$163,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$8,195
Mortgage Insurance ($)
$6,228
Mortgage Required ($)
$161,933
Best Mortgage Rate (%)
2.80%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$517
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$10,212
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$10,212
Monthly Payment
$750
Move Into This 3 Bedroom Home Situated On A Large Lot. The Home Welcomes You With A Cozy Living Room With An Inviting Fireplace Faced With Stone. The Large Kitchen Has A Separate Dining Area. The Loft Is Perfect For Your Master Bedroom. This Home In Estevan Comes With A Large Covered Deck And Park-Like Yard Complete With Ample Parking For Your Camper And Vehicles. On A Cold Winter Night Cozy Up To The Warmth Of The Fireplace And Call It Home! (Id:23934)
CALL1.877.896.6727
Property Price
$145,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$7,250
Mortgage Insurance ($)
$5,510
Mortgage Required ($)
$143,260
Best Mortgage Rate (%)
2.80%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$460
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$9,210
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$9,210
Monthly Payment
$663
20 Partridge Court Has Arrived. With Over 1600 Square Ft Situated In A Desirable Partially Of The City And Quiet Street Is Perfect For Your Family. Call Your Agent Today For More Details. (Id:23934)
CALL1.877.896.6727
Property Price
$525,000
Minimum Down Payment (%)
5.24%
Minimum Down Payment ($)
$27,500
Mortgage Insurance ($)
$19,900
Mortgage Required ($)
$517,400
Best Mortgage Rate (%)
2.80%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$1,600
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$30,600
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$30,600
Monthly Payment
$2,396
The Right Size Whether You Are Retired Or A First Time Home Buyer. Close To The Mall Area This Home Boasts A Double Insulated Garage, Low Maintenance Backyard, And Large Deck. You Have Bedrooms And A 4Piece Bathroom Upstairs, Plus One Bedroom, One Bathroom On Main Level. The Laundry Is On Main The Level For Convenience. Over A Period Of Time There Have Been Many Updates Including: Kitchen Flooring (Marmoleum), Laminate Flooring, Plumbing, Wiring, On-Demand Water Heater, Foam Insulation On Some Basement Wall, Furnace And Sewer / Water Lines To Street. With A Closed In Veranda To Be Enjoyed During The Warmer Seasons. (Id:23934)
CALL1.877.896.6727
Property Price
$289,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$14,495
Mortgage Insurance ($)
$11,016
Mortgage Required ($)
$286,421
Best Mortgage Rate (%)
2.80%
Mortgage Type
5 Years Variable
Amortization
25 Years
Land Transfer Tax (LTT)
$895
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$16,890
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$16,890
Monthly Payment
$1,326

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.