Canadian CMHC Insurance Premium Calculator
In Canada, mortgage default insurance (commonly called CMHC insurance) is required if your down payment is less than 20%. The premium is added to your mortgage balance, but the provincial sales tax on the premium must be paid in cash on closing day.
Your CMHC Estimate
Base Mortgage Amount:
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CMHC Premium Rate:
CMHC Premium Amount:
Total Mortgage Size:
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(Base + Premium)
Provincial Tax on Premium (Cash at Closing):
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