Mortgage Insurance (CMHC) is a one-time Insurance Premium added to your Mortgage Principal depending on the Bank used to advance your Mortgage loan and depending on the down payment paid before the Mortgage loan is advanced to you, the Buyer. For your convenience, you will find a useful Mortgage Insurance (CMHC) calculator below that will generate the Mortgage Insurance required based on various down payment scenarios.
Please note: This calculator should result accurate figures, however, please consult with your lending Bank to determine the actual amount of Mortgage Insurance Premium that will be added to your Mortgage.