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 Greystone Manor, A Modern, Stylish Condo Development Boasting Upgrades Interiors And Exteriors And A Great Location In A Well-Developed Residential Neighborhood In Ne Weyburn. Unit 104 Is A Corner Unit And At 1020 Sf, Has Plenty Of Room For Families. Inside, There Is A Welcoming Entryway Which Leads Into The Dining And Kitchen Area. The Kitchen Has Been Modernized With Updated Cabinetry And Counter Tops. From There, A Spacious, Comfortable Living Room Is The Perfect Spot For Relaxing, Entertaining, Or Settling In With The Family For Movie Night. Down One Hall Is An Updated Full Bathroom With New Tile Backsplash And Counter Top. Continuing On Is A Sizable Storage Room. Down The Other Hall Are Two Guest Bedrooms And A 3Rd Larger, Master Bedroom. This Unit Has Seen Updates To Paint, Flooring, And More. Further, It Is On The Ground Floor With A Convenient Outside Patio (Through Glass Patio Doors Off The Living Room), Perfect For Letting Kids Or Pets Out To Play Or For Those Family Bbqs. If You're Looking For A Large Updated Condo With 3 Bedrooms And A Very Competitive Price, This Is The One. Please Note That As Of Jan.1, 2020 Condo Fees Are $372.38 / Mth. Contact The Listing Agent For More Information And Showings. (Id:23934)
CALL1.877.896.6727
Property Price
$115,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$5,750
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$370
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$7,620
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$7,620
Monthly Payment
$508
Character Home In Riverview With Many Renovations That Include Kitchen Cabinets And Countertops, Main Bath, Some Flooring And A Newer Fence And Shingles In Approx 2013. With Almost 1000 Square Feet On The Main Floor There Is Plenty Of Space! Large Entry Way Perfect For Families. The Second Level Has 2 Bedrooms, A Den Or Walk In Closet Area And A Half Bath. Some Work Is Still Needed So Move In And Add Your Finishing Touches! Call Today For More Information! (Id:23934)
CALL1.877.896.6727
Property Price
$89,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$4,495
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$295
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$6,290
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$6,290
Monthly Payment
$397
Located Within Equal Walking Distance To Both Rotary Park And Central Avenue N, This Charming 3-Bedroom Bungalow Will Suit First Time Home Buyers And Young Families Alike. The Front Door Leads To A Dedicated Entry With Room To Store Coats And Shoes. The Space Is Open To A Large Living Area With Original Hardwood Floors, New Baseboards, And Two Picture Windows; The Second Of Which Resides In A Quaint Nook Around The Corner Keep Toys Separated From The Main Living Area, Or Add A Desk To Create An Office Space With Plenty Of Natural Light. Hardwood Continues Down The Hall Into Two Bedrooms, Both Of Which Are Equipped With Sizeable Windows And Ample Closet Space. The Main Four-Piece Bathroom Has Been Recently Renovated To Include A New Vanity, Vinyl Plank Flooring, As Well As A Glass And Porcelain Tile. The Eat-In Kitchen Is Complete With White Cabinetry Fully Extended To The Ceiling, A Dishwasher, And Window Overlooking The Back Yard. Just Off The Kitchen, A Stairway Leads Down To A Side Entrance Before Continuing To The Basement. The Lower Level Holds A Living Room, A Third Bedroom, A Three-Piece Bathroom, And A Den; All Of Which Are Generously Sized. Along With A New Washer And Dryer, A New Water Heater Was Installed In 2018. Outside, The Fully Fenced Yard Holds A Spacious Covered Deck, A Hot Tub With A New Pump (2018), A Cedar Gazebo, And A Detached Double Car Garage. The Garage Itself Is 26Ft X 28Ft With 10Ft Ceilings And Is Equipped With Proper Drainage. The Home Was Newly Shingled In 2017 And Shingles Have Already Been Purchased To Be Installed On The Garage. Call For More Information Or Your Personal Showing. (Id:23934)
CALL1.877.896.6727
Property Price
$185,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$9,250
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$580
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$11,330
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$11,330
Monthly Payment
$818
Cute & Cozy Character Home Located On Quiet Midtown Street. 955' 2 Bedroom Bungalow With Lots Of Original Wood Work & Hardwood Floors. Glass French Doors Separating Living Room And Dining Room. 4 Piece Bathroom. Single Detached Garage. Two Car Rear Gravel Drive. Fridge/ Stove Included. New Flooring / Back Splash In Kitchen & Paint Recently Finished. (Id:23934)
CALL1.877.896.6727
Property Price
$119,900
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$5,995
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$385
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$7,880
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$7,880
Monthly Payment
$530
If A Home Could Be Sold With Love And Care, Then This Home Would Be Priceless! In A Welcoming Location, This Home Is In Excellent Condition. Offering 3 Bedrooms And 3 Bathrooms With Main Floor Laundry, There Is Custom Detail In Many Of The Rooms. The Main Floor Opens Up To A Large Family Room And Dining Room. The Kitchen And Breakfast Den Are West Facing With High End Stainless Steel Appliances, Cook Top Stove And Built-In Double Oven. Step Out To The Spacious Deck And Enjoy Private Sunsets Or Backyard Fires. Rv Parking, Currently Home To A 33' Camper Is Easily Accessible Through Moveable Panels. The Basement Of This Home Has A Large, Wide Open Space And Currently Is Home To A Games Area, An Office Area, A Large Family Room And An Exercise Area. Loads Of Space For Recreation. A Spare Bedroom And Guest Bathroom Complete The Lower Level, Along With A Seperate Storage Room And Utility Room. You Can Rest Assured From Future Disasters With The Working Sump And Back Water Valve. Many Updates Poured Into This Home In The Past Years Including Windows, Siding, Garage Door And Hardware, Shingles, Water Heater, And Some Flooring. Take A Look To Appreciate! (Id:23934)
CALL1.877.896.6727
Property Price
$349,000
Minimum Down Payment (%)
5.00%
Minimum Down Payment ($)
$17,450
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$1,072
Mortgage Insurance PST
$0
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$20,022
First Time Home Buyer
Land Transfer Tax Credit
$0
Cash Needed
$20,022
Monthly Payment
$1,543

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.