CHMC (Mortgage Loan Insurance) Calculator

CMHC (Canada Mortgage and Housing Corporation) is Canada’s national housing agency and premier provider of mortgage loan insurance, mortgage-backed securities, housing policy and programs, and housing research. Read more

CHMC Motgage Loan Insurance covers your lender's risks associated with financial loss if homeowner defaults on their mortgage payment.The CMHC Mortgage Loan Insurance premium is calculated as a percentage of the loan and is based on the size of your down payment. The higher the percentage of the total house price/value that you borrow, the higher percentage you will pay in insurance premiums

Purchase Price: $
Downpayment: $
Total CMHC: $
Total HST: $
Note: You are required to pay HST on the day of closing.

Loan-to-Value Premium on Total Loan Premium on Increase to Loan Amount for Portability and Refinance
Standard Premium Self-Employed without 3rd Party Income Validation Standard Premium Self-Employed without 3rd Party Income Validation**
Up to and including 65% 0.50% 0.80% 0.50% 1.50%
Up to and including 75% 0.65% 1.00% 2.25% 2.60%
Up to and including 80% 1.00% 1.64% 2.75% 3.85%
Up to and including 85% 1.75% 2.90% 3.50% 5.50%
Up to and including 90% 2.00% 4.75% 4.25%* 7.00%*
Up to and including 95% 2.75% N/A 4.25%* *
90.01% to 95%
Non-Traditional Down Payment***
2.90% N/A * N/A
Extended Amortization Surcharges
Add 0.20% for every 5 years of amortization beyond the 25 year mortgage amortization period.