CMHC Insurance Calculator

The calculator below will give you an idea of how much CMHC insurance might cost on your mortgage. Put in an asking price and a down payment amount and it will estimate your mortgage insurance premium.  Mortgage default insurance, also referred to as CMHC insurance, is mandatory in Canada for down payments of less than 20% of the purchase price. Mortgage default insurance protects lenders in the event a borrower stops making payments and defaults on their mortgage loan. CMHC insurance premiums are paid for in full by the borrower at the start of their mortgage.

Ratehub.ca logo

Leave a Reply

Contact Us

Gagner & Associates Excel Realty Services, Inc. Brokerage
149 St. Clair Street
Chatham, Ontario N7L 3J4

Tel: 519.436.6161
E: homes@excelrealty.ca

Looking to Buy, Sell or Lease in Chatham-Kent?

Let our Professional Real Estate Team help you today.

Call 519.436.6161 E-mail Us
Back to Top