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Mortgage insurance premium
With less than 20% down, default insurance is required and the premium is added to the mortgage. What it costs depends on how much you put down, and the bands move at 85% and 90% of the price rather than gradually.
- Mortgage before CMHC insurance
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- Loan-to-value
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- CMHC premium rate
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- Total mortgage, premium added
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The premium is normally added to the mortgage and paid off with it. Ontario charges provincial sales tax on the premium itself, and that portion is payable in cash at closing rather than financed — it is not included above. This is an estimate, not a quote or an approval.
Premium rates, minimum down payments and the price cap as published by CMHC, read 2026-09-27. Source
Premium rates as published by the Canada Mortgage and Housing Corporation, current as of 2026-09-27. CMHC mortgage loan insurance cost
An estimate of the insurance premium only. It is not a quote, an approval, or confirmation that a lender will insure the purchase. Eligibility depends on the property, the borrower and the insurer.
Nothing you type is submitted, stored or sent anywhere. The calculation runs entirely in your browser.
Want the premium, the payment and the land transfer tax run together on a specific property?
Call 905-872-3579