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CMHC Insurance Calculator
Calculate CMHC mortgage insurance premiums and understand how down payments affect your costs
Property Details
$500,000
10.0%
CMHC Insurance Requirements
• Required for down payments < 20%
• Premium added to mortgage
• Rates: 2.4% to 4.0%
• Protects lender, not borrower
Insurance Summary
CMHC Premium
$12,600.00
Premium Rate
2.8%
This premium will be added to your mortgage amount
Loan-to-Value
90.0%
Down Payment
10.0%
Purchase Price$500,000.00
Down Payment$50,000.00
Loan Amount$450,000.00
CMHC Premium+$12,600.00
Total Mortgage$462,600.00
Save $12,600 by increasing down payment by $50,000 to reach 20%
CMHC Premium Rate Tiers
Loan-to-Value
95.01%+
4.0%
Loan-to-Value
90.01% - 95%
3.15%
Loan-to-Value
85.01% - 90%
2.8%
Your Rate
Loan-to-Value
80.01% - 85%
2.4%
Your Rate
Down Payment Impact
5%
$25,000 down
LTV: 95.0%
$14,963
3.15% rate
10%
$50,000 down
LTV: 90.0%
$12,600
2.80% rate
15%
$75,000 down
LTV: 85.0%
$10,200
2.40% rate
20%
$100,000 down
LTV: 80.0%
No Insurance