CMHC Insurance Calculator
Calculate CMHC mortgage insurance premiums and understand how down payments affect your costs
Property Details
$500,000
CMHC high-ratio insurance applies only when the purchase price is below $1,500,000 and the down payment is under 20%.
10.0%
CMHC Insurance Requirements
• Applies when down payment is under 20% and price is below $1.5M
• Premium is calculated on the mortgage after down payment (not on price)
• Rates by LTV band: 0.60% up to 4.50%
• Protects lender, not borrower
Insurance Summary
CMHC Premium
$13,950.00
Premium Rate
3.10% (85.01–90% LTV)
This premium will be added to your mortgage amount
Loan-to-Value
90.0%
Down Payment
10.0%
Purchase Price$500,000.00
Down Payment$50,000.00
Loan Amount$450,000.00
CMHC Premium+$13,950.00
Total Mortgage$463,950.00
Save $13,950 by increasing down payment by $50,000 to reach 20%
CMHC Premium Rate Tiers
Loan-to-Value
≤ 65%
0.60%
Loan-to-Value
65.01% – 75%
1.70%
Loan-to-Value
75.01% – 80%
2.40%
Loan-to-Value
80.01% – 85%
2.80%
Loan-to-Value
85.01% – 90%
3.10%
Your band
Loan-to-Value
90.01% – 95%
4.00%
Loan-to-Value
> 95%
4.00%
Down Payment Impact
5%
$25,000 down
LTV: 95.0%
$19,000
4.00% rate
10%
$50,000 down
LTV: 90.0%
$13,950
3.10% rate
15%
$75,000 down
LTV: 85.0%
$11,900
2.80% rate
20%
$100,000 down
LTV: 80.0%
No Insurance