What are the CMHC insurance premium tiers?

Premiums are 4.00% for 5-9.99% down, 3.10% for 10-14.99% down, and 2.80% for 15-19.99% down, added directly to your mortgage balance.

Is sales tax charged on CMHC insurance premiums?

Yes, in Ontario (8% PST) and Quebec (9% QST), provincial sales tax on the premium must be paid in cash at closing and cannot be added to the mortgage.

CanadaCMHC Mortgage Default Insurance (Down < 20%)Finance & Salary

Canada CMHC Mortgage Loan Default Insurance Calculator

Calculate Canada Mortgage and Housing Corporation (CMHC / Sagen / Canada Guaranty) mandatory mortgage default insurance premiums for high-ratio home purchases with less than 20% down payment (2.80% to 4.00% added to loan amount + provincial sales tax).

Real Estate & Property Mortgages & Home Loans Housing & Residential

Calculator Inputs

Live Real-Time

Home Purchase Price (CAD $ - Under $1M for CMHC)

CAD $

Quick select:

Cash Down Payment Amount (CAD $)

CAD $

Quick select:

Calculated ResultCMHC Mortgage Default Insurance (Down < 20%)

Total Mortgage Amount Financed (Base Loan + CMHC Premium)

634,400CAD $

CMHC Insurance Premium Added to Mortgage

24,400 CAD $

Provincial Sales Tax on CMHC Due in Cash at Closing (8% in Ontario)

1,952 CAD $

Detailed Calculation Breakdown

Base Mortgage

610,000 CAD $

CMHC Premium

24,400 CAD $

Total Financed Loan

634,400 CAD $

Calculation Methodology

CMHC Premium Rate: 5% to 9.99% down = 4.00%, 10% to 14.99% down = 3.10%, 15% to 19.99% down = 2.80%, 20%+ down = 0%. Premium ($) = Base Loan * CMHC Rate%. Total Loan Financed = Base Loan + CMHC Premium.

Important Legal & Educational Disclaimer

Homes priced at $1,000,000 or more do not qualify for CMHC insured mortgages and require a minimum 20% down payment. In Ontario and Quebec, provincial sales tax (8% or 9%) on the CMHC premium is due in cash at closing.

This calculator is designed for educational and informational purposes only based on public statutory frameworks. The outputs do not constitute binding financial, tax, or legal advice. We assume no liability for decisions made based on these estimations. Always verify with the relevant official authorities or a certified professional advisor.

Frequently Asked Questions

5% on the first $500,000 of purchase price, and 10% on the portion between $500,000 and $999,999. Homes of $1,000,000 or more require 20% down.

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Canada

Canada CMHC Mortgage Loan Default Insurance Calculator

Calculator Inputs

Detailed Calculation Breakdown

Calculation Methodology

Important Legal & Educational Disclaimer

Frequently Asked Questions

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