Mortgage calculators
Down payment & CMHC calculator
Find the minimum down payment you need, whether CMHC insurance applies, and exactly what it costs.
Down payment & CMHC calculator
See the minimum down payment you need, whether CMHC insurance applies, and exactly what it costs, for a Canadian home purchase.
$100,000$3,000,000
First-time buyer or new build
CMHC insurance premium
$16,740
Minimum down payment$35,000
Your down payment10.0%
Premium rate3.10%
QC tax on the premium (paid in cash at closing)$1,507
Total mortgage (with premium)$556,740
The premium is added to your mortgage, not paid in cash. The 9% Quebec tax on it is paid in cash at closing.
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