CMHC mortgage insurance calculator
Minimum down payment, CMHC premium, total mortgage and provincial tax on the premium for purchases under $1.5M.
Input
How to use this tool
- Enter your values or choose a local file. Replace the example data with your own.
- Review options, units and assumptions, then run the tool.
- Check the result before copying or downloading it. Keep an original copy of important files.
Method & assumptions
Minimum down payment, CMHC premium, total mortgage and provincial tax on the premium for purchases under $1.5M.
premium = loan × rate(LTV); min down = 5% of first $500k + 10% of the restWorked example
Province or territory: Ontario Purchase price: 650,000 Down payment: 50,000 Amortization: 25 years First-time buyer or new build (30-year eligible): Yes → Minimum down payment: CAD 40,000.00 → Loan-to-value: 92.31 % → Premium rate: 4 % → Premium (added to the mortgage): CAD 24,000.00 → Total mortgage: CAD 624,000.00 → Provincial tax on premium (due at closing): CAD 1,920.00
Limits & important notes
Basic release. Review the result before relying on it. File limits, supported cases and processing requirements are shown above.
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Your inputs stay in this tab. We do not receive your files, pasted text or calculation values.
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