CMHC Mortgage Default Insurance Calculator

Calculate the CMHC mortgage insurance premium required for your Canadian home purchase with less than 20% down.

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CMHC mortgage default insurance is required for home purchases with less than 20% down on properties up to $1,500,000. The premium is typically added to your mortgage and amortized. Provincial sales tax (PST) applies to the premium in Ontario, Manitoba, Quebec, and Saskatchewan (not added to the mortgage). As of 2024, CMHC no longer insures properties above $1.5M. Consult your lender for the exact premium applicable to your situation.