Free Tool
Mortgage payment & insurance premium calculator
Enter a purchase price to see your minimum down payment, estimated monthly payment, and — if your down payment is under 20% — your default insurance premium, calculated the same way CMHC, Sagen, and Canada Guaranty calculate it.
This tool gives an estimate for illustration only — not a rate quote, pre-approval, or commitment. Your actual payment depends on the rate and terms a lender offers you.
Your numbers
Estimated results
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Minimum down payment required—
Base mortgage (price − down payment)—
Default insurance premium—
Total mortgage (incl. premium)—
Estimated monthly payment—
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CMHC mortgage loan insurance premium table
Sagen and Canada Guaranty premiums are virtually identical. If your amortization is more than 25 years (up to the 30-year maximum), an additional 0.20% surcharge applies on top of the rate below.
| Loan-to-value (LTV) | Premium on total loan |
|---|---|
| Up to and including 65% | 0.60% |
| 65.01% to 75% | 1.70% |
| 75.01% to 80% | 2.40% |
| 80.01% to 85% | 2.80% |
| 85.01% to 90% | 3.10% |
| 90.01% to 95% | 4.00% |
| 90.01% to 95%, non-traditional down payment | 4.50% |