CMHC Insurance Calculator
CMHC Insurance Calculator
With 10% down on a $900,000 home, the CMHC premium is 3.10% of the mortgage: $25,110, plus PST in BC.
$900,000
$100,000$2,000,000
10% · $90,000
5% · $65,00025% · $225,000
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CMHC Insurance
Premium rate 3.10%
- Mortgage before insurance
- $810,000
- CMHC premium (added to mortgage)
- $25,110
- BC PST on premium (paid at closing)
- $1,758
Total insured mortgage
$835,110
Assumptions & sources
- · Premiums: 4.00% (5 to 9.99% down), 3.10% (10 to 14.99%), 2.80% (15 to 19.99%).
- · Minimum down: 5% of first $500,000, 10% up to $1,500,000.
- · Insured mortgages are available on homes up to $1,500,000 since December 15, 2024.
How it works
Mortgage insurance is required when you put down less than 20%. The premium is a percentage of the mortgage and is added to the loan. In BC, 7% PST on the premium is paid in cash at closing.
Since December 15, 2024, insured mortgages are available on homes up to $1,500,000.
Common questions
How much is CMHC insurance?
+
4.00% with 5 to 9.99% down, 3.10% with 10 to 14.99%, and 2.80% with 15 to 19.99%.
Can I avoid CMHC insurance?
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Yes, with 20% or more down.
Is PST charged on CMHC in BC?
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Yes, 7%, payable at closing.
Sources: CMHC: Mortgage loan insurance
Written and reviewed by Mani Garcha, REALTOR® with Royal LePage Wolstencroft Realty. Last reviewed November 2026. Guidance only, not legal or tax advice.