CMHC Calculator

Financial institutions are required by law to insure all mortgages with a loan to value (LTV) ratio of less than 80%. This insurance protects the lender against borrower default, enabling you to purchase a home with a lower down payment.

Premiums are calculated as a percentage of the mortgage and depend on the amount of the down payment relative to purchase price. The lower the down payment is, the higher the premiums will be.

Total purchase price ?
Down payment ?
Down payment percentage ?0.00%
 
Mortgage amount ?0.00
 
Mortgage insurance premium ?0.00
 
Total mortgage0.00