Welcome guest.  ( Sign in )

CMHC Calculator

About Mortgage Insurance

Financial institutions are required by law to insure all mortgages with a loan to value ratio of less than 80%. This insurance protects the lender against borrower default.

Note: Provicial Sales Tax (8%) is applicable on mortgage insurance premiums, is due the date of closing, and is not rolled into a mortgage. Mortgage insurance premiums are exempt from the full Harmonized Sales Tax.


Payment Information

$
$

Results

$
$

Mortgage Insurance Providers

CMHC

Canada Mortgage and Housing Corporation (CMHC) is Canada's national housing agency. Established as a government-owned corporation in 1946 to address Canada's post-war housing shortage, the agency has grown into a major national institution. CMHC is Canada's premier provider of mortgage loan insurance, mortgage-backed securities, housing policy and programs, and housing research. More about CMHC can be found at http://www.cmhc.ca

Genworth Financial

GE Mortgage Insurance Canada together, with its related affiliates, is the largest private sector mortgage insurance company in the world and the only private sector supplier of mortgage insurance in Canada. http://www.genworth.ca

Mortgage Insurance Premiums Explained

Mortgage loan insurance premiums are calculated as a percentage of the loan and is based on the size of your down payment. The higher the percentage of the total house price/value that you borrow, the higher percentage you will pay in insurance premiums.

Loan-to-Value Ratio
Up to and including 65%
Up to and including 75%
Up to and including 80%
Up to and including 85%
Up to and including 90%
Up to and including 95%
90.01% to 95% – Non-Traditional Down Payment
Standard Premium
0.60%
0.75%
1.25%
1.80%
2.40%
3.15%
3.35%

Prepare for an Emergency Part 2

Originally posted on: June 13, 2017
Last updated on: June 13, 2017
Filed under: emergency safety
COLLECT IMPORTANT DOCUMENTS Organize important documents in one place—such as an accordion folder or fireproof safe—so you can ...

Prepare for an Emergency Part 1

Originally posted on: June 8, 2017
Last updated on: June 8, 2017
Filed under: emergeny house damage
KNOW THE RISKS No matter where you live, your region may be susceptible to one or more emergency situations or weather hazards, including: e ...

Looking for a new place?

Originally posted on: May 30, 2017
Last updated on: May 30, 2017
Filed under: homes for sale real estate
The 5 priciest homes in one of the country’s hottest markets by Justin da Rosa, 29 May 2017 ...

B.O.C. Interest Rate announcement.

Originally posted on: May 24, 2017
Last updated on: May 24, 2017
Filed under: bank of canada interest rates
Bank of Canada makes interest rate announcement by The Canadian Press. 24 May 2017 ...

Why Homebuyers should work with an Agent

Originally posted on: May 18, 2017
Last updated on: May 18, 2017
Filed under: home buyers working with an agent
5 REASONS MOST HOMEBUYERS CHOOSE TO WORK WITH AN AGENT In most cases, your home is your most valuable asset, and it makes sense to ...


Durham Bungalows
Brokerage
Independently owned and operated.

420 Green Street #105
Whitby, ON L1N 8R1


Phone: 1-905-995-0460
Powered by Lone Wolf Real Estate Technologies (CMS6)