CMHC Insurance Calculator

CMHC insurance:
the math that
changes everything.

Every down payment percentage has a cost. Know exactly what you're paying — and how to minimize it.

Get A Free Mortgage Quote →

CMHC Premium Tiers · $750K Home

3-Tier Stair Bracket

$28.5K

4.0%

$20.9K

3.1%

$17.9K

2.8%

5% down$37.5K down

10% down$75K down

15% down$112.5K down

20%+ down$150K+ down

Save with 10% down

Save $7,575 in CMHC

vs. 5% down on $750K home

Your CMHC
premium.

Home Price

$750K

$200K$1.6M

CMHC not available above $1.5M

Down Payment

10%= $75,000

5%35%

Minimum for a $750K home: 7%

First-time buyer

CMHC Tier

5–9.99%

Tier 1 · 4.0%

10–14.99%

Tier 2 · 3.1%

15–19.99%

Tier 3 · 2.8%

20%+

CMHC Free

CMHC Premium

$20,925

3.1% of loan

+ $1,674 Ontario PST (8%) — paid in cash at closing, not financed

Insured Mortgage

$695,925

loan + CMHC rolled in

Monthly Payment

$3,714

4.14% · 25yr amortization

CMHC premium rates as of 2024, at a 4.14% mortgage rate with semi-annual compounding. The premium is financed into the mortgage; the 8% Ontario PST on it is not — it is paid in cash at closing. The tiered minimum down payment is enforced. For illustration only — not financial advice.