CMHC insurance
Estimate your mortgage insurance
Putting less than 20% down? You'll pay default insurance. See your estimated premium and how it's added to your mortgage.
Your purchase
Estimated insurance premium
$16,740
3.1% of your mortgage
Mortgage before insurance$540,000
Loan-to-value90%
Premium rate3.1%
Total mortgage (premium added)$556,740
Default insurance (CMHC, Sagen, or Canada Guaranty) is required when your down payment is under 20%. The premium is added to your mortgage principal. Some provinces (ON, QC, SK, MB) charge PST on the premium, payable at closing - not shown here. Illustrative rates.
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