The premium's size scales with how much is borrowed relative to the home's value, and Saskatchewan charges PST on that premium at closing, a cost the VA program has no equivalent to since it is a US federal benefit funded differently.
Below the 20 percent line, the minimum down payment rule that actually governs a Saskatoon purchase is 5 percent to $500,000 then 10 percent above, a fixed floor rather than a fee tied to military service.
Whatever the financing path, the number that should drive an offer is what the house is actually worth. Get your hand-reviewed valuation from Joel Dyck.