Calculator CMHC Insurance
Compare 19% down (insured, lower rate) vs 20% down (uninsured) to see which strategy saves you more over 5 years. Uses Canadian semi-annual compounding.
CMHC Insurance Calculator
Compare 19% down (insured, lower rate) vs 20% down (uninsured) to see which strategy saves you more over 5 years. Uses Canadian semi-annual compounding.
Insured Down Payment (19%)
$133,000
Uninsured Down Payment (20%)
$140,000
CMHC Premium Rate
2.8%
CMHC Premium Amount
$15,876
Total Insured Mortgage
$582,876
Total Uninsured Mortgage
$560,000
Insured Monthly Payment
$3,158
Uninsured Monthly Payment
$3,143
Monthly Savings (Insured)
-$15
5-Year Interest (Insured)
$116,575
5-Year Interest (Uninsured)
$121,383
Rates shown are illustrative. CMHC premiums based on current official tiers. Your actual rates will vary by lender, credit score, and market conditions. All calculations use Canadian semi-annual compounding per the Bank Act.
All calculations use Canadian semi-annual compounding per the Bank Act. These results are estimates for educational purposes only and do not constitute financial advice. Speak with a licensed mortgage broker for advice specific to your situation.
API Access for Developers & AI Agents
This calculator is available as a free JSON API. AI agents, chatbots, and developers can send mortgage data and get instant results.
POST /api/calculate/cmhc-insurance
{
"homePrice": 700000
}
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Open →Rates shown are illustrative. CMHC premiums based on current official tiers. Your actual rates will vary by lender, credit score, and market conditions. All calculations use Canadian semi-annual compounding per the Bank Act.