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.
Lowest of your picks4.34%ATB Financial · $2,178.45 a month · insured
- 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
Lowest monthly paymentATB Financial4.34% · insured$2,178.45
Servus Credit Union4.59% · insured$2,233.95
| 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
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