How Much Does CMHC Mortgage Loan Insurance Cost?
To obtain CMHC Mortgage Loan Insurance, lenders pay an insurance premium. Typically, your lender will pass these costs on to you. Your lender will give you the exact price when you apply for a mortgage.
The CMHC Mortgage Loan Insurance premium is calculated as a percentage of the loan and is based on the size of your down payment. The higher the percentage of the total house price/value that you borrow, the higher percentage you will pay in insurance premiums.
Remember: without mortgage insurance you may avoid the insurance premium but you’ll typically pay much higher interest rates and additional administrative fees. At the end of the day, for the vast majority of borrowers, the cost of CMHC Mortgage Loan Insurance is more than fully offset by the savings achieved.
| Table of CMHC Mortgage Loan Insurance Premiums |
| Loan Size
(% of Lending Value) | Single Advance Premium
(% of Loan) |
| Up to and including 65% | 0.50% |
| Up to and including 75% | 0.65% |
| Up to and including 80% | 1.00% |
| Up to and including 85% | 1.75% |
| Up to and including 90% | 2.00% |
| Up to and including 95%
Traditional Down
Payment Flex Down | 2.75%
2.90% |
Note: See your lender for premium surcharges and other terms and conditions that apply. |
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