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CMHC Insurance Premium

Payable by the Purchaser on Existing & New Homes

Loan to House Value Ratio

(up to & including)

Premium

single advance

65%

0.50%

75%

0.75%

80%

1.25%

85%

2.00%

90%

2.50%

95%

3.75%

 

Example 1:

House Value: $ 200,000

Loan: $ 190,000

Loan to Value Ratio: 95%

Or CMHC Premium 3.75% of $190,000= $7125

Example 2:

House Value: $ 200,000

Loan: $ 150,000

Loan to Value Ratio: 75%

Or CMHC Premium 0.75% of $150,000= $1125