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Calculator · Open source
CMHC Insurance Calculator
Calculate your CMHC mortgage insurance premium, true cost including interest, and monthly payment impact.
Methodology
Public formulas, updated regularly. Built for Canadians, by Canadians.
$500,000
$50,000
4.5%
CMHC Insurance Required
Down payment: 10.0% • LTV: 90.0% • Minimum down: $25,000
CMHC Premium
$13,950
Premium Rate: 3.1%
Mortgage (before CMHC)$450,000
CMHC Premium+$13,950
Total Mortgage (with CMHC)$463,950
Monthly Payment (with CMHC)$2,578.78
Monthly Payment (without)$2,501.25
Monthly Cost of Insurance+$77.54
Interest paid on premium$9,312
True Cost of CMHC Insurance$23,262
CMHC Premium Rate Table
| LTV | Down payment | Premium Rate | Premium on $500K |
|---|---|---|---|
| 65% or less | 35%+ | 0.60% | $1,950 |
| 65.01-75% | 25-34.99% | 1.70% | $6,375 |
| 75.01-80% | 20-24.99% | 2.40% | $9,600 |
| 80.01-85% | 15-19.99% | 2.80% | $11,900 |
| 85.01-90% | 10-14.99% | 3.10% | $13,950 |
| 90.01-95% | 5-9.99% | 4.00% | $19,000 |
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