Default Insurance
CMHC Insurance Calculator
Understand your mortgage insurance costs and see how increasing your down payment can save you thousands.
Property Details
5%10%15%20%
CMHC Insurance Premium
$19,000.00
5% - 9.99% down — Premium rate: 4.00%
Down Payment Amount
$25,000.00
5.0% of home price
Total Mortgage (with Insurance)
$494,000.00
Loan: $475,000 + Insurance: $19,000
Monthly Payment Impact (at 5.5%, 25yr)
Without Insurance
$2,899.36
With Insurance
$3,015.33
Added per Month
+$115.97
Down Payment Comparison
| Down Payment | Amount | Premium Rate | CMHC Premium | Total Mortgage |
|---|---|---|---|---|
| 5% down | $25,000 | 4.00% | $19,000 | $494,000 |
| 10% down | $50,000 | 3.10% | $13,950 | $463,950 |
| 15% down | $75,000 | 2.80% | $11,900 | $436,900 |
| 20% down | $100,000 | 0.00% | $0 | $400,000 |
CMHC insurance premiums are estimates based on standard rates. Premium is added to mortgage balance. Monthly payment impact shown at 5.5% with 25-year amortization for illustration. Contact Jay for exact figures.
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