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CMHC Insurance Calculator
Find out if you need mortgage insurance and how much it will cost.
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$50,000.00 down payment
CMHC Insurance Rates
5% – 9.99% down4.00%
10% – 14.99% down3.10%
15% – 19.99% down2.80%
20%+ downNo insurance
CMHC Insurance Premium
$13,950.00
3.1% of mortgage amount
Down Payment$50,000.00 (10.0%)
Mortgage (before insurance)$450,000.00
CMHC Premium+ $13,950.00
Total Mortgage$463,950.00
Est. Monthly Payment$2,831.91
*Monthly estimate based on 5.5% rate, 25-year amortization
CMHC insurance is required for down payments under 20% in Canada. The premium is added to your mortgage and paid over the life of the loan. Rates shown are for standard insurable mortgages.
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