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Home Price ? The purchase price of the home. Maximum insurable price is $1,500,000.

Down Payment ? Minimum 5% for homes up to $500K. For homes $500K-$1.5M: 5% on first $500K + 10% on remainder.

Province/Territory ? PST on CMHC premiums applies in ON (8%), QC (9.975% QST), MB (7%), SK (6%). Other provinces: no PST.

Amortization Period ? Standard max is 25 years. 30 years available for first-time buyers or new construction only.

Buyer Type ? First-time buyers or new construction purchasers can access 30-year amortization with additional 0.20% premium.

Interest Rate (%) ? Annual mortgage interest rate. Used to calculate monthly payment and total interest over the loan term.

Insurance Provider ? All three insurers (CMHC, Sagen, Canada Guaranty) use identical premium rates.

Property Type ? Property must be owner-occupied with max 2 units to qualify for mortgage default insurance.

CMHC Insurance Results

CMHC Insurance Premium

Home Price

Down Payment

Loan-to-Value (LTV)
0%

Premium Rate

Description	Amount

See how much you could save by increasing your down payment.

How long would it take to save the additional down payment vs. paying CMHC insurance?

CMHC insurance is required when down payment is less than 20%.
Maximum purchase price for insured mortgages is $1,500,000.
PST/QST on the premium is payable upfront at closing in ON, QC, MB, and SK.
The insurance premium is added to your mortgage balance and paid over the amortization period.
30-year amortization (with +0.20% premium) is available for first-time buyers and new construction only.