CMHC Insurance Calculator
Calculate your mortgage default insurance premium (CMHC / Sagen / Canada Guaranty).
AED
%
Min 5% for insured. 20%+ = no insurance required
CMHC Premium
AED 22,320
3.1% of mortgage
Total Mortgage
AED 742,320
Base + CMHC added to loan
Ontario PST (8%)
AED 1,786
Paid upfront (not added to loan)
Total CMHC Cost
AED 24,106
Premium + provincial tax
Premium Rate Table
| Down Payment | Rate | Premium |
|---|---|---|
| 5% – 9.99% | 4.00% | AED 28,800 |
| 10% – 14.99% | 3.10% | AED 22,320 |
| 15% – 19.99% | 2.80% | AED 20,160 |
| 20%+ | 0% | AED 0 |
As of Dec 15, 2024: insured mortgages allowed up to $1.5M purchase price. First-time buyers + new builds eligible for 30-year amortization.
Calculations are estimates only and do not constitute financial advice. Actual rates, fees, and eligibility may vary by lender. Always consult a licensed mortgage professional.