Canada Mortgage and Housing Corporation (CMHC) Premium Calculator
When buying a home and paying a downpayment less than 20% of the value of the home, you may be subject to a CMHC premium on your mortgage. This calculator gives a rough estimate on the amount of premium that you could expect to pay. There is also PST charged on the CMHC premium and it is shown below.
Please simply enter the purchase price and the amount of down payment you intend to put in.
This is a very rough estimate only and there is no guarantee of accuracy. To obtain a more accurate quote, please contact me at any time.