CMHC Insurance Calculator
Calculate CMHC mortgage default insurance premiums for high-ratio mortgages
Property Information
$
$
10.0% of purchase price
Insurance Calculation Results
Insurance Required
3.1% Premium Rate
Loan Amount$450,000
Down Payment %10.0%
Loan-to-Value Ratio90.0%
CMHC Insurance Premium
$13,950.00
Total Loan Amount$463,950.00
Monthly Payment (est.)$2,849.06
CMHC Premium Rates
• 20%+ down payment: No insurance
• 15-19.99% down: 2.8% premium
• 10-14.99% down: 3.1% premium
• 5-9.99% down: 4.0% premium
• Less than 5%: 4.0% premium
About CMHC Insurance
What is CMHC Insurance?
CMHC (Canada Mortgage and Housing Corporation) mortgage default insurance is required for high-ratio mortgages with less than 20% down payment. It protects lenders against default.
Important Notes
- • Required for down payments < 20%
- • Premium is added to mortgage amount
- • Maximum 25-year amortization
- • Property must be owner-occupied
- • Rates may vary by lender