CMHC Mortgage Loan Insurance Calculator
If your down payment is less than 20%, your lender requires mortgage default insurance. Estimate the premium and how it gets added to your mortgage.
7.5% of price · Minimum required: $35,000
CMHC premium
$22,200.00
4.00% of mortgage at 92.5% LTV
Base mortgage
$555,000
Premium added
$22,200
Total mortgage
$577,200
Loan-to-value
92.5%
The premium is typically added to your mortgage and paid off over the amortization period. PST on the premium is not included (charged separately at closing in ON, QC and SK).
Rates shown are CMHC standard premiums for owner-occupied properties. Sagen and Canada Guaranty use the same schedule. Confirm with your lender at closing.
Today's Mortgage Rates from Lenders
This calculator works with whatever rate you enter. Compare it with the rates lenders are offering right now, fixed and variable, by term. Change the price, down payment or location to match your purchase.
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