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Calculator

CMHC insurance
calculator.
Know the cost.

If your down payment is less than 20%, you're required to purchase CMHC mortgage default insurance. This calculator shows you exactly how much it will cost and how it affects your total mortgage.

CMHC insurance protects the lender — not you — but it enables you to buy a home with as little as 5% down.

CMHC Insurance Calculator

Enter your purchase price and down payment to calculate your insurance premium.

Purchase price $600,000
Down payment $60,000 (10%)
Down payment %
10.00%
Of purchase price
Insurance rate
3.10%
Applied to insured mortgage
CMHC premium
$16,740
Added to your mortgage
Total mortgage
$556,740
Including CMHC premium

CMHC premium is added to your mortgage and amortized over your mortgage term. Provincial sales tax (PST) on the premium must be paid upfront at closing — Alberta has no PST on CMHC premiums.

Premium rate table

CMHC rates by down payment.

Down paymentPremium rate
5% – 9.99%4.00% of mortgage
10% – 14.99%3.10% of mortgage
15% – 19.99%2.80% of mortgage
20%+No insurance required
Alberta advantage: Alberta has no provincial sales tax, so you don't pay PST on your CMHC premium at closing — unlike buyers in Ontario or BC who pay 8–9% PST on top of the premium upfront.

CMHC insurance is required for all purchases with less than 20% down where the purchase price is under $1.5M. The premium is added to your mortgage — you don't pay it upfront.

Questions about your down payment options?

Shanna can connect you with a trusted mortgage broker who will walk through your specific situation and help you decide on the right down payment strategy.

Talk to Shanna Back to buyer guide
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Sotheby's International Realty Canada

Your multilingual Calgary REALTOR® — serving buyers and sellers across SW and NW Calgary with Sotheby's global platform and personal, trilingual service.

Phone (587) 585-8333
Email shanna.lin@sothebysrealty.ca
Office 5111 Elbow Dr SW
Calgary, AB T2V 1H2
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Sotheby's International Realty Canada

This website is not the official website of Sotheby's International Realty, Inc. Sotheby's International Realty, Inc. does not make any representation or warranty regarding any information, including without limitation its accuracy or completeness, contained on this website. Shanna Lin is a licensed REALTOR® with Sotheby's International Realty Canada. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA.