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CMHC Insurance Premium Calculator
Estimate the CMHC mortgage default insurance premium for a high-ratio mortgage (down payment under 20%).
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Estimated CMHC Premium
$26,000.00
Mortgage amount$650,000.00
Loan-to-value92.9%
Premium rate4.00%
Premium is added to your mortgage and amortized over the term.
When CMHC insurance applies
CMHC mortgage default insurance is required by lenders when your down payment is less than 20% of the purchase price. The premium is calculated as a percentage of the loan amount, based on the loan-to-value ratio:
- Up to 65% LTV - 0.60%
- 65.01–75% LTV - 1.70%
- 75.01–80% LTV - 2.40%
- 80.01–85% LTV - 2.80%
- 85.01–90% LTV - 3.10%
- 90.01–95% LTV - 4.00%
Amortizations longer than 25 years add a 0.20% surcharge. CMHC insurance is unavailable on homes priced over $1.5M and on down payments below 5%. The premium is added to your mortgage and amortized over the loan term. Estimates only - final pricing comes from your lender.