Uninsured mortgage rates

Ask about my rate

Compare uninsured and conventional mortgage rates for 20% down or higher-equity Canadian mortgage scenarios, including flexibility and lender-fit notes.

Example scenario · make it yours

Buying · $900,000 home · $150,000 down

BC · 5-year term · fixed & variable · 25-year amortization · Live in the home

A starting point

A few options to start.

3 of 34 matching rates · $771,000 financed · 25-year amortization

Lowest rate first

Marathon Mortgage

5-year variable

Default-insured mortgage

3.50%

Interest rate

Public lender rate · Checked Oct 7, 2026, 6:05 a.m. Pacific

$3,860

Estimated / month

Compare

Rate details

Product: Insured
Lender APR: Not supplied — confirm with lender
Rate hold: Confirm with lender
Freshness deadline: Oct 8, 2026, 6:05 p.m. Pacific
Catalog updated: 2026-10-07
Interest over this term: $126,119
Balance at term end: $665,530

Marathon advertised starting rate; 5 year adjustable; insured/insurable; Prime minus 0.95%.

High-ratio insured

Rates disappear at their offer or freshness deadline. A rate hold starts with lender confirmation and does not extend a promotion. Confirm fees, prepayment privileges, portability and break penalties before choosing. Estimates assume the rate stays constant.

Review this option with a broker

ATB Financial

5-year variable

Default-insured mortgage

3.65%

Interest rate

Public lender rate · Checked Oct 7, 2026, 6:04 a.m. Pacific

$3,922

Estimated / month

Compare

Rate details

Product: Standard
Lender APR: Not supplied — confirm with lender
Rate hold: Confirm with lender
Freshness deadline: Oct 8, 2026, 6:04 p.m. Pacific
Catalog updated: 2026-10-07
Interest over this term: $131,696
Balance at term end: $667,369

Client Rates · Our featured offers · 5 Year Variable High Ratio.

High-ratio insured

Review this option with a broker

Pine Mortgage

5-year variable

Default-insured mortgage

3.65%

Interest rate

Public lender rate · Checked Oct 7, 2026, 6:06 a.m. Pacific

$3,922

Estimated / month

Compare

Rate details

Product: Insured – Featured
Lender APR: Not supplied — confirm with lender
Rate hold: Confirm with lender
Freshness deadline: Oct 8, 2026, 6:06 p.m. Pacific
Catalog updated: 2026-10-07
Interest over this term: $131,696
Balance at term end: $667,369

Pine featured Variable Mortgage Rate Variable; public insured reference rate, subject to Pine underwriting and change without notice. Pine homepage headline requires separate verification; this offer quotes the insured mortgage table only.

High-ratio insured

Review this option with a broker

Need a hand choosing?

Have a broker promo code?

How your rates stay current

Supported public lender sources are checked once daily at 6 a.m. Vancouver time. Each offer shows when its source was checked. Your matches refresh while this page is open.

Expired promotions and rates without recent verification are removed automatically. A lender’s rate hold is separate from a promotion deadline. Promotional badges identify special rates; broker cashback estimates appear separately.

Choose your property, down payment, province and amortization to see matching products, then compare up to three for payment, interest and balance. Confirm fees, prepayment privileges, penalties and any funding deadline with your broker.

How these estimates work

Monthly payments include principal and interest, with an estimated $21,000 default-insurance premium financed into the loan. HELOC estimates show interest only on the full amount drawn.

Fixed rates use semi-annual compounding; variable rates use monthly compounding. Estimates assume constant rates and no extra payments. Fees, penalties, property tax, home insurance and closing costs are excluded. Confirm the product’s contract and lender APR.

Results are from Pragmatic’s published catalog, sorted by nominal rate; they are not whole-market coverage or an approval. Catalog update dates are shown in each rate’s details.

Open the payment calculator

A little guidance goes a long way.

We’ll help you weigh the rate, flexibility and costs. Brokerage services are available for BC properties.

Talk to a broker Ready to apply

Find rates by lender

Open a lender to see verified fixed and variable reference rates, conditions and source checks. These examples cover different down payments and terms; use the shopper to check your own situation.

Browse the lender directory · Live rate data for AI assistants · Connect an AI assistant

Compare the same balance, term, amortization and insurance category. Displayed rates depend on eligibility and lender approval.

Make a fair comparison

Understand the rate you’re looking at.

An uninsured mortgage is not covered by borrower-paid mortgage default insurance and commonly begins with at least 20% down or equity. It avoids the insurance premium and can support scenarios that insured rules exclude, but its rate may be higher. Compare flexibility, amortization, property eligibility, and total term cost.

Uninsured mortgages avoid insurance premiums but may have slightly higher rates. Compare total cost and flexibility.

Typical equity: At least 20% down or existing equity
Potential advantage: No borrower-paid default-insurance premium
Compare: Rate, amortization, property rules, and flexibility

Why uninsured pricing can differ

Without mortgage default insurance covering lender loss, the lender prices more of the property and borrower risk directly. Loan-to-value, amortization, transaction type, occupancy, property use, and lender funding strategy can all affect the rate bucket.

Some mortgages with 20% or more equity may still be lender-insured or insurable behind the scenes. Ask which pricing category applies rather than assuming every conventional mortgage is identical.

Use the flexibility an uninsured file can provide

An uninsured mortgage may support a longer amortization, higher purchase price, refinance, equity takeout, rental use, or a property excluded from high-ratio insurance. Those features can matter more than a small rate difference.

Compare the uninsured offer with its insured alternative only when both scenarios are genuinely available, then include the premium, cash retained, payment, qualification, and exit plans in the decision.

Before you accept an offer

For 20% down or higher equity positions.
Compare fixed and variable pricing on the same screen.
Save scenarios to plan renewal or refinance strategies.

Clear answers

Before you decide

Do uninsured mortgages have lower total cost?

They avoid insurance premiums, but rates can be higher. Compare full cost over the term.

Is 20% down enough for all lenders?

Generally yes, but some lenders require more for certain property types.

Keep comparing

References

Use the regulator and consumer-agency guidance alongside the written terms of your lender’s offer.

Pragmatic Mortgage Lending · BC

Find the rate that fits the whole mortgage.

We’ll review lender eligibility, penalties and flexibility alongside the payment.

Review my mortgage options Prefer to explore first? Open the rate shopper →Prefer to talk? (778) 557-2144 See how broker compensation works