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    HomeAnswersHow much is CMHC mortgage insurance?
    Mortgages

    How much is CMHC mortgage insurance?

    Quick answer

    How much is CMHC mortgage insurance?

    CMHC premiums range from 2.80% to 4.00% of the mortgage amount, depending on your down payment. It's required when you put down less than 20% and is usually added to the mortgage.
    • 5%–9.99% down: 4.00%
    • 10%–14.99% down: 3.10%
    • 15%–19.99% down: 2.80%
    • 20%+ down: no insurance required

    In Ontario, Quebec and Saskatchewan, provincial sales tax on the premium must be paid in cash at closing. A 30-year amortization for eligible buyers adds a small surcharge.

    Related Questions

    How much is CMHC mortgage insurance?

    CMHC premiums range from 2.80% to 4.00% of the mortgage amount, depending on your down payment. It's required when you put down less than 20% and is usually added to the mortgage.

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