Compare Alberta mortgage lenders on the same mortgage
Pick two or three lenders that lend in Alberta, the term and your mortgage, and see each one's lowest published rate as a payment, interest over the term and the balance left at renewal. ATB's insured 5-year fixed (4.34%) against the lowest in Alberta (4.34%, ATB Financial) is the default.
Figures as of Nov 2, 2026.Compare Alberta lenders on the same mortgage
Two or three lenders that lend in Alberta, the same term and the same mortgage. Rates read off each lender's own page.
- ATB Financial
- 4.34%
- $2,178.45/mo · 256 AB branches
- Servus Credit Union
- 4.59%
- $2,233.95/mo · 126 AB branches
Estimate, not advice. Educational estimate only, not financial, mortgage, tax or legal advice. Lenders, insurers and governments set their own rules and can change them; confirm with a licensed professional before you decide.
Lowest: ATB Financial 4.34%, $2,178.45 a month.
5-year fixed, under 20% down on $400,000
| Measure | ATB Financial | Servus Credit Union |
|---|---|---|
| Monthly payment | $2,178.45 | $2,233.95 |
| Interest over 5 years | $80,956 | $85,744 |
| Balance at renewal | $350,249 | $351,707 |
What is driving this result
- ATB Financial's 4.34% beats Servus Credit Union's 4.59% by $55.50 a month and $4,788 of interest over 5 years on $400,000.
- You'd also owe $1,458 less at renewal with ATB Financial, because more of each payment goes to principal.
- Collected rates aren't quotes. Prepayment rules and penalties differ by lender; ask each one how it calculates a penalty before you sign.
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Assumptions & sources
Assumptions
- Each lender's lowest closed special rate for the term and down payment, as published on its own page (open and posted rates left out).
- Interest over the term and balance at renewal assume the rate stays the same for the term (fixed) or for illustration (variable).
- Fixed rates: semi-annual compounding; variable: monthly.
Sources
Worked example: ATB against the lowest rate in Alberta
| ATB Financial | 4.34% |
|---|---|
| ATB Financial | 4.34%lowest in Alberta |
| Monthly payment | $2,178.45 vs $2,178.45 |
| Interest over 5 years | the same |
Open this example in the calculator →Computed Nov 2, 2026.
What this means for you
- Balance at renewal matters: a lower rate leaves you owing less when the term ends, on top of the lower payment.
- Same term, same down payment: compare like with like; the tool keeps both fixed for every lender.
- Penalties: lenders that use posted rates in their penalty can charge much more to break a fixed mortgage; see BankMortgages.ca.
Frequently asked questions
Is ATB cheaper than Servus for a mortgage?
For an insured 5-year fixed, ATB's lowest published rate was 4.34% and Servus's 4.59% on Nov 2, 2026. It depends on the term and your down payment; the compare tool prices both on your mortgage.
How much is a 0.10-point rate difference worth?
On $400,000 over 25 years at about 4.5%, roughly $22.29 a month, or about $1,916 of interest over a 5-year term.
What else should I compare besides the rate?
Prepayment privileges, how the penalty is worked out if you break the mortgage, portability, and any fees or cashback. For an offer with fees or cashback, IsThisAGoodRate.ca compares the real cost.