CMHC Insurance Estimator
With less than 20% down, mortgage default insurance is required. Estimate the premium using the current CMHC schedule.
Estimated CMHC premium
$29,600
Base 4.00% of mortgage
Base mortgage
$740,000
Total mortgage incl. premium
$769,600
The premium is rolled into the mortgage and amortized.
Calculator results are estimates only and are not a mortgage approval, pre-approval, or lending commitment. A licensed mortgage professional must review your full situation before any lending decision.