Enter your purchase price and downpayment amount to determine how much your CMHC insurance premiums will be.
The minimum required down payment depends on the purchase price of the home. For a purchase price of $500,000 or less, the minimum down payment is 5%. When the purchase price exceeds $500,000, the minimum down payment is equal to 5% of the first $500,000 and 10% of the balance. Mortgage loan insurance is only available for properties with a price that is less than $1,000,000.
Require at minimum 5% of the purchase price.
No CMHC premium.
Require at minimum 20% of the purchase price, no CMHC premium.
Your down payment must be greater or equal to 5% of the first 500K and 10% of the balance of the purchase price.
Avoid surprises, plan ahead! Whether you're purchasing, renewing, or refinancing - our calculators make mortgage budgeting quick and easy.
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