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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

Premium

Multiple advances

65%

0.50%

1.00%

75%

0.75%

1.25%

80%

1.25%

1.75%

85%

2.00%

2.50%

90%

2.50%

3.00%

95%

2.50%

3.00%

 

Example 1:

House Value: $ 200,000

Loan: $ 190,000

Loan to Value Ratio: 95%

CMHC Premium 2.5% of $190,000= $4750 (for single advance)

Or CMHC Premium 3.0% of $190,000= $5700 (for multiple advances)

Example 2:

House Value: $ 200,000

Loan: $ 150,000

Loan to Value Ratio: 75%

CMHC Premium 0.75% of $150,000= $1125 (for single advance)

Or CMHC Premium 1.25% of $150,000= $1875 (for multiple advances)