Insured vs Insurable vs Uninsurable — Mortgage Comparison
Classify a mortgage and compare payment and GDS/TDS qualification across all three insurance categories. Built for brokers — the borrower usually doesn't know which category they're in, and current LTV alone can't tell you.
The deal
LTV: 68.6% · equity $220,000
Borrower
Classification details
Classification
Unknown — verify insurer / certificate with lender- Whether this mortgage was originally insured can't be determined from value and balance alone. Confirm the insurer, certificate number, and original terms with the current lender before quoting a category.
39/44 is the insured/insurable reference. OSFI sets no fixed ratio cap for uninsured mortgages — those are lender-determined, so treat the uninsurable column as an estimate under your lender's policy.
Borrower-paid insured
High-ratio: under 20% down, price under $1.5M, owner-occupied. Borrower pays the premium; usually the lowest rate.
Low-ratio insurable
20%+ down, price under $1M, ≤25y, owner-occupied. Eligible for lender portfolio insurance (may be insurable but not currently insured); rate usually between the other two.
Uninsurable conventional
Doesn't meet government-backed insurance criteria (e.g. price $1M+ with 20%+ down, amortization over 25y, or a standard equity-takeout refinance). Lender carries all risk; usually the highest rate.
Estimates only, under the selected policy — not a lender approval or a regulatory determination. The insured < insurable < uninsurable rate order is a market tendency, not a rule; enter your live rates. On an eligible straight switch there's no fresh insurance test or prescribed MQR, but the new lender still underwrites. Confirm the insurer, certificate, and original terms with the current lender. See the consumer stress test calculator for the simple purchase / renewal / refinance view.