CMHC Insurance Calculator

Easily determine how your down payment will impact the amount of CMHC insurance is added to your mortgage. If your down payment is under 20% of the purchase price, you will need mortgage insurance on your loan. We will determine the size of this premium and automatically include it in the calculations.

When Is CMHC Insurance Required?


To be eligible for CMHC insurance, your amortization period must be 25 years or less.

Mandatory CMHC Insurance Premium


Down Payment (% of Purchase Price) 5–9.99% 10–14.99% 15–19.99%
CMHC Insurance (% of Mortgage Amount) 4.00% 3.10% 2.80%
New CMHC Premium Total



CHMC Insurance...Explained

When Is CMHC Insurance Required?

In Canada, mortgage default insurance is usually a requirement when you put down less than 20% on your home. The premium will be charged to your lender who will pass the cost to you. 

There are some requirements you will need to meet to qualify for mortgage insurance: 

  • Your insured mortgage will be amortized for no more than 25 years. 
  • You are making a minimum down payment of 5% on a loan of up to $500,000. A 10% down payment on any amount between $500,000 and $999,999 is required. 
  • Your home’s purchase price is less than $1 million.

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Disclaimer: This calculator is for illustrative purposes only. Users should not rely on this calculator to make any financial decisions. While every effort is made to keep this tool up-to-date, CMHC does not guarantee the accuracy, reliability or completeness of any information or calculations provided by this calculator. Sterling Homes is not be liable for loss or damage of any kind arising from the use of this tool.