Separate the premium from the down payment.
See the modelled loan insurance and eligibility boundaries for your purchase assumptions.
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How much down payment do I need, and what will mortgage insurance cost?
A useful detail
This model keeps the selected rates constant. Default values are fictional assumptions, not offers or live rates. Read every warning and confirm location, timing, contract terms and any eligibility conditions against the official sources below. No lender decision or recommendation is made.
Keep the method beside the result.
Worksheet: CMHC insurance and minimum down payment calculator. Rule set recorded 2024-12-15. Interest, fees, eligibility constraints and local rules vary. These references explain the model’s boundaries; they do not establish that an input matches your situation.
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