INSURED MORTGAGE OPTIONS

Buying with less than 20% down?

Explore insured mortgage options and compare rates, estimated payments, mortgage insurance considerations, and qualification requirements for your purchase.

Rates are current as of Canada
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Compare insured mortgage rates with payment and insurance awareness

High-ratio mortgages are commonly used when the down payment is below 20%. Use RateBuddy to compare insured mortgage rates, estimated payments, interest costs, lender options, and mortgage scenarios before starting an inquiry.

Compare Insured Mortgage Rates in Canada

Live as of: August 17, 2026 | Canada

Customize your mortgage scenario

Adjust the purchase price, down payment, amortization, and payment frequency to see how your estimated mortgage payments change across the rate options below.

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Yrs
Tip: Use the filter to compare payment impact quickly. Even a small rate difference can change your estimated payment and total interest over time.
Clients save an average of $3,187 when they choose Pine. For a limited time, refer a friend and you both get up to $1,000.
Pine
Interest rate
3.65 %
5 Years Variable
5 Year Adjustable Mortgage
Payment & interest estimate
Est. Monthly Payment $2,416
Interest in 5 years $81,136
Eligible mortgages may qualify for up to $5,900 in promotional value. Offer ends June 30, 2026.
RBC Royal Bank
Ratings
Google
Trustpilot
RateBuddy
Interest rate
3.65 %
5 Years Variable
5 Year Variable Closed
Payment & interest estimate
Est. Monthly Payment $2,416
Interest in 5 years $81,136
Eligible borrowers can unlock up to $6,000 cash back or receive the lowest rate when securing a new mortgage or transferring an existing one to ATB.
ATB Financial
Interest rate
3.65 %
5 Years Variable
5 Year Variable High-Ratio
Payment & interest estimate
Est. Monthly Payment $2,416
Interest in 5 years $81,136
Switch to ATB and enjoy waived fees, plus a guaranteed rate hold for 120 days.
Get un$tuck with a member-exclusive rate and a cash bonus up to $4,100 with a mortgage and qualifying products.
Coast Capital Savings
Interest rate
3.69 %
5 Years Variable
5 Year Variable Mortgage
Payment & interest estimate
Est. Monthly Payment $2,427
Interest in 5 years $82,053
First National provides competitive rates, simplified management, and ongoing education to help you achieve your financial goals.
First National Financial LP
Interest rate
3.70 %
5 Years Variable
5 Year Variable Mortgage
Payment & interest estimate
Est. Monthly Payment $2,429
Interest in 5 years $82,282
Seamless mortgage solutions, tailored to you. Get your best rate, fast turnaround, and expert support.
Neo Financial
Interest rate
3.75 %
5 Years Variable
5 Year Adjustable Mortgage
Payment & interest estimate
Est. Monthly Payment $2,442
Interest in 5 years $83,430
Seamless mortgage solutions, tailored to you. Get your best rate, fast turnaround, and expert support.
Neo Financial
Interest rate
3.84 %
6 Months Fixed
6 Month Fixed Mortgage
Payment & interest estimate
Est. Monthly Payment $2,465
Interest in 5 years $85,498
Interest over 6 Months $9,074
Rate Guarantee: We guarantee your rate is in the best 1% of all rates in Canada. Find a lower rate and we will beat it or pay you $500 cash.
Butler Mortgage
Interest rate
3.85 %
3 Years Variable
3 Year Variable Mortgage
Payment & interest estimate
Est. Monthly Payment $2,468
Interest in 5 years $85,728
Interest over 3 Years $52,883
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Mortgage rates across Canada

Explore rates by province and city

Find national mortgage offers and rates available in your province, then explore a page designed for your local market.

7 markets
View all Alberta mortgage rates
10 markets
View all British Columbia mortgage rates
2 markets
View all Manitoba mortgage rates
3 markets
View all New Brunswick mortgage rates
2 markets
View all Newfoundland and Labrador mortgage rates
2 markets
View all Nova Scotia mortgage rates
18 markets
View all Ontario mortgage rates
2 markets
View all Prince Edward Island mortgage rates
9 markets
View all Quebec mortgage rates
3 markets
View all Saskatchewan mortgage rates
NORTH Northern Canada
3 markets
Browse the complete Canadian locations hub

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Rates by lender

Compare mortgage rates by provider

Explore mortgage rate information from major Canadian banks, regional institutions and credit unions. Compare more than the advertised rate before choosing a provider.

See How a Shorter Amortization Saves You Thousands

The biggest factor in the total cost of your mortgage isn't the rate—it's the time. Use the tool below to see the staggering difference in total interest paid between a standard and a shorter amortization.

Your Scenario
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Adjust the numbers above to see your personal savings.

Total Interest (30 Years)
$0
Total Interest (25 Years)
$0
Total Interest Savings: $0

Dive Deeper into Fixed Rates

Now that you've seen the top rates, see how they stack up in different scenarios. Our comparison tools make it easy to find the perfect fit for your financial plan.

Compare the Top 3 Fixed Rates Fixed vs. Variable Analysis
Illustration of a side-by-side comparison chart
Find your mortgage path

Explore mortgage options based on what matters to you

Compare rates by structure, mortgage goal, term and market scenario without navigating through an oversized menu.

Your Strategic Toolkit

Go beyond the rate. Use these essential tools to understand the full financial picture of your fixed-rate mortgage.

Closing Cost Calculator

Uncover the hidden costs of buying a home, including land transfer taxes and legal fees.
Rate Sensitivity Calculator

See how your payments could be affected by future rate changes when it's time to renew.
Bi-Weekly Payment Calculator

Discover how changing your payment frequency can help you pay off your mortgage years sooner.
Other Resources
Fixed vs. Variable Guide Mortgage Affordability Calculator View All Tools & Calculators

How to compare high-ratio mortgage rates in Canada

A high-ratio mortgage usually applies when the buyer has a down payment under 20%. These mortgages are commonly insured, which can sometimes make the rate competitive, but borrowers should also consider mortgage insurance premiums, payment size, and long-term interest cost.

What to compare beyond the insured rate

Compare the mortgage rate, estimated payment, down payment amount, amortization, term length, prepayment options, portability, penalties, and total borrowing cost. A low insured rate is useful, but the full mortgage cost depends on the complete borrowing scenario.

Who high-ratio rates may suit

High-ratio mortgage rates may suit buyers with less than 20% down who want to compare insured lending options before choosing a lender. Use the filters above to test different purchase price, down payment, amortization, and payment frequency scenarios.

Advanced mortgage tools

Explore more ways to plan your mortgage

Compare borrowing strategies, test qualification scenarios and understand the longer-term financial impact of your mortgage decisions.

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Your Fixed Rate Questions, Answered

Get clear, professional answers to the most important questions about fixed-rate mortgages in Canada.

A fixed-rate mortgage is a loan where the interest rate is locked in for the entire length of your term (e.g., 5 years). This means your principal and interest payments are predictable and will not change, protecting you completely from market rate hikes and making budgeting simple.
A fixed rate is the ideal choice for homebuyers who prioritize stability and predictability. It's perfect for first-time buyers, those on a set budget, or anyone who wants peace of mind knowing their largest monthly payment will never unexpectedly increase.
Breaking a fixed-rate mortgage typically incurs a significant prepayment penalty. This is usually the greater of either three months' interest or a complex calculation called the Interest Rate Differential (IRD). The IRD can be very costly, so it's a key factor to consider if you think you might sell or refinance before your term is up.
Most lenders in Canada will offer a rate hold for 90 to 120 days. This means they guarantee your approved fixed rate while you finalize your home purchase. If market rates go up during that time, you're protected. If they go down, many lenders will offer you the lower rate.
It's a strategic trade-off. A **shorter term (1-3 years)** offers flexibility and is great if you expect rates to fall. The **5-year term** is the Canadian standard, offering a great balance of stability and competitive rates. A **longer term (7-10 years)** provides maximum peace of mind but often comes with a slightly higher rate and a larger potential penalty.
A fixed rate offers certainty, while a variable rate offers potential savings. Variable rates are often initially lower than fixed rates but can change with the market. A fixed rate costs a little more for the insurance of knowing your payment will never change during the term.
When your term ends, you must renew your mortgage. Your current lender will send you a renewal offer, but you are not obligated to accept it. This is a crucial opportunity to shop around and switch to a new lender who can offer you a better rate, potentially saving you thousands.
Tools and guidance

Plan your next mortgage decision

Estimate payments, test affordability, understand mortgage costs and explore practical guidance before taking your next step.

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Your Path to a Predictable Mortgage Starts Here.

Take the guesswork out of finding a great fixed rate. Our simple wizard helps you compare personalized offers from top lenders in minutes. No commitment, just clarity.

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