If your down payment is less than 20%, you'll pay CMHC (or Sagen / Canada Guaranty) insurance. The premium is rolled into your mortgage. This tool estimates how much.
Estimates only. Premium rates from CMHC's published schedule. Actual premium charged by CMHC, Sagen, or Canada Guaranty may differ slightly. Ontario charges 8% PST on the premium at closing (it is NOT rolled into the mortgage). Consult a licensed mortgage professional before relying on these figures.
| Loan-to-value | Premium rate |
|---|---|
| Up to 65% | 0.60% |
| 65.01% to 75% | 1.70% |
| 75.01% to 80% | 2.40% |
| 80.01% to 85% | 2.80% |
| 85.01% to 90% | 3.10% |
| 90.01% to 95% | 4.00% |
This calculator is informational. Premium schedules, eligibility rules, and the $1.5M insurable cap can change. Current rules reflect CMHC's December 15, 2024 update. For a definitive quote, talk to a mortgage broker or your bank. I'm a registered real estate sales representative, not a mortgage advisor.
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