Premium Rates Chart
Premium rates for all of Sagen products are listed below. Visit our Products & Services page for more information.
Vacation/Secondary Homes Program
| Type A | Type A | Type B | Type B | |
|---|---|---|---|---|
| LTV Ratio | Premium Rate | Top-Up Rate | Premium Rate | Top-Up Premium |
| Up to 65% | 0.60% | 0.60% | 1.45% | 2.90% |
| 65.01% – 75% | 1.70% | 5.90% | 2.55% | 6.10% |
| 75.01% – 80% | 2.40% | 6.05% | 3.15% | 6.40% |
| 80.01% – 85% | 2.80% | 6.20% | 3.50% | 7.00% |
| 85.01% – 90% | 3.10% | 6.25% | 4.35% | 7.60% |
| 90.01% – 95% | 4.00% | 6.30% | N/A | N/A |
The above chart is for mortgages with an amortization that is 25 years or less. If a mortgage is eligible for an amortization greater than 25 years (up to 30 years) an additional premium of 0.20% will apply.
Borrowed Down Payment
| LTV Ratio | Premium Rate | Top-Up Premium |
|---|---|---|
| 90.01% - 95.00% | 4.50% | 6.60% |
The above chart is for mortgages with an amortization that is 25 years or less. If a mortgage is eligible for an amortization greater than 25 years (up to 30 years) an additional premium of 0.20% will apply.
Investment Property Program
| LTV Ratio | Premium Rate | Top-Up Premium |
|---|---|---|
| Up to 65% | 1.45% | 3.15% |
| 65.01% - 75% | 2.00% | 3.45% |
| 75.01% - 80% | 2.90% | 4.30% |
Second Mortgage Program
| LTV Ratio | Combined 1st & 2nd Loan Amounts | 2nd Mortgage Amount |
|---|---|---|
| Up to 65% | 0.60% | 0.60% |
| 65.01% - 75% | 1.70% | 5.90% |
| 75.01% - 80% | 2.40% | 6.05% |
| 80.01% - 85% | 2.80% | 6.20% |
| 85.01% - 90% | 4.00% | 6.30% |
| 90.01% - 95% | 4.00% | 6.30% |
The above chart is for mortgages with an amortization that is 25 years or less. If a mortgage is eligible for an amortization greater than 25 years (up to 30 years) an additional premium of 0.20% will apply.
Vacation/Secondary Homes Program (Type B)
| LTV Ratio | Premium Rate | Top-Up Premium |
|---|---|---|
| Up to 65% | 1.45% | 2.90% |
| 65.01% - 75% | 2.55% | 6.10% |
| 75.01% - 80% | 3.15% | 6.40% |
| 80.01% - 85% | 3.50% | 7.00% |
| 85.01% - 90% | 4.35% | 7.60% |
The above chart is for mortgages with an amortization that is 25 years or less. If a mortgage is eligible for an amortization greater than 25 years (up to 30 years) an additional premium of 0.20% will apply.
Business For Self (Alt-A) Program
| LTV Ratio | Premium Rate | Top-Up Premium |
|---|---|---|
| Up to 65% | 1.50% | 3.00% |
| 65.01% - 75% | 2.60% | 6.50% |
| 75.01% - 80% | 3.30% | 7.00% |
| 80.01% - 85% | 3.75% | 7.50% |
| 85.01% - 90% | 5.85% | 9.00% |
The above chart is for mortgages with an amortization that is 25 years or less. If a mortgage is eligible for an amortization greater than 25 years (up to 30 years) an additional premium of 0.20% will apply.
Standard Premium Rate Chart
| LTV Ratio | Premium Rate | Top-Up Premium |
|---|---|---|
| Up to 65% | 0.60% | 0.60% |
| 65.01% - 75% | 1.70% | 5.90% |
| 75.01% - 80% | 2.40% | 6.05% |
| 80.01% - 85% | 2.80% | 6.20% |
| 85.01% - 90% | 3.10% | 6.25% |
| 90.01% - 95% | 4.00% | 6.30% |
The above chart is for mortgages with an amortization that is 25 years or less. If a mortgage is eligible for an amortization greater than 25 years (up to 30 years) an additional premium of 0.20% will apply.
Note: The insurance premium is non-refundable, paid at the time of closing and may be added onto the mortgage.
To Calculate the premium, multiply the mortgage amount by the premium rate.