Prospera
Insured
4.04%
5-year term
APR
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Prospera advertised public mortgage rate; 5-Year Closed - Insured.
Insured mortgage rates
Ask about my rateCompare insured mortgage rates for Canadian purchases with less than 20% down, including default-insurance premiums, eligibility, and total-cost context.
Live rate snapshot
Top matches for this scenario
Showing the first 8 cards from 22 matching rates for Purchase · 5-year fixed · $750,000 · $75,000 down.
Purchase5-year fixed$750,000$75,000 down
fixed
Beem Credit Union
Insured
4.14%
5-year term
APR
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Beem public featured insured 5-year fixed closed mortgage rate.
BlueShore Financial
Insured
4.14%
5-year term
APR
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Beem public featured insured 5-year fixed closed mortgage rate.
ATB Financial
Rate First
4.29%
5-year term
APR
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Client Rates · Our featured offers · 5 Year High Ratio.
CoastCapital Savings
Insured
4.34%
5-year term
APR
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5-Year Fixed High Ratio Rate. Qualifying rate 5.250%.
ATB Financial
Standard
4.39%
5-year term
APR
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Client Rates · Our featured offers · 5 Year High Ratio.
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Load the full comparison workspace when you want to change occupancy, term, amortization, or compare more cards side-by-side.
Compare the same balance, term, amortization and insurance category. Displayed rates depend on eligibility and lender approval.
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Understand the rate you’re looking at.
An insured mortgage usually applies to an eligible owner-occupied purchase with less than 20% down. Mortgage default insurance protects the lender, not the borrower, and its premium is normally added to the mortgage. Insured pricing can be lower, but qualification, purchase-price, amortization, and property rules still control eligibility.
Insured mortgages often receive the best headline rates, but premiums add to total cost. Compare rates with full context.
- Typical equity
- Less than 20% down on an eligible purchase
- Added cost
- Mortgage default-insurance premium
- Compare
- Rate plus premium, amortization, and product restrictions
Insured eligibility is narrower than 'less than 20% down'
The transaction must also fit current insurer rules for purchase price, owner occupancy, amortization, credit, debt service, property type, and down payment source. The lender submits the file to an insurer; the borrower does not choose a lower rate independently of that approval.
Use an insured rate page for an eligible high-ratio purchase, not for a refinance, equity takeout, or a property that falls outside default-insurance rules.
Compare the premium and rate together
The default-insurance premium is generally added to the mortgage, increasing the starting balance and interest paid. Provincial sales tax on the premium, where applicable, may need to be paid from cash at closing.
A lower insured rate can still be the right result, but compare the full mortgage amount, payment, term interest, cash to close, and future flexibility instead of treating the headline rate as the total cost.
Before you accept an offer
- Designed for high-ratio purchases.
- Premium impacts shown alongside rates.
- Account holders can save scenarios for pre-approval.
Clear answers
Before you decide
Is the lowest insured rate always the best?
Not always. Compare penalties, prepayment privileges, and total cost.
Can I get insured rates with 20% down?
Typically no. Insured pricing is for high-ratio mortgages.
Keep comparing
References
Use the regulator and consumer-agency guidance alongside the written terms of your lender’s offer.
Pragmatic Mortgage Lending · BC & Alberta
Find the rate that fits the whole mortgage.
We’ll review lender eligibility, penalties and flexibility alongside the payment.