CMHC Mortgage Insurance Calculator

CMHC mortgage default insurance is required in Canada when your down payment is less than 20%. Find out your premium, how it's added to your mortgage, and what it means for your payment.

$
$
6.7% down
%
CMHC Insurance Details
Your down payment is 20% or more — CMHC insurance is not required.
CMHC Premium
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Insured Mortgage
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Monthly Payment
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Premium Rate
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MB PST on Premium (8%)
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Down Payment %
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* CMHC rates: 4.00% (5–9.99% down), 3.10% (10–14.99%), 2.80% (15–19.99%). Maximum insured purchase price: $1,500,000. Manitoba charges 8% PST on the premium (paid at closing, not added to mortgage).

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