Down Payment and CMHC Calculator

Calculate your required down payment and CMHC mortgage insurance premium. Learn about minimum down payment requirements and insurance costs for Canadian mortgages.

How It Works

In Canada, you need at least 5% down payment for homes under $500,000. For homes over $500,000, you need 5% on the first $500,000 and 10% on the remainder. If your down payment is less than 20%, you'll need mortgage insurance.

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