Make the insurance premium visible before it sneaks into the mortgage.
High-ratio buyers often see the monthly payment first and only later realize how much of the balance is actually the default-insurance premium. This page isolates that piece.
Built around CMHC-style loan-to-value premium tiers.
Ontario premium tax is shown when Ontario is selected.
Useful when comparing 10%, 15%, and 20% down scenarios.
Inputs
Insurance estimate inputs
This isolates the default-insurance portion so buyers can see what the premium is doing before they look at the full monthly payment.
Results
Default-insurance estimate
Premiums follow the standard CMHC-style loan-to-value tiers used across insured purchases.
Premium
$21,762
Added to the mortgage
Premium rate
3.10%
Based on loan-to-value
Premium tax
$1,741
Ontario premium tax included
Total insured mortgage
$723,762
Base loan plus premium
- Minimum down payment
- $53,000
- Base mortgage
- $702,000
- Max insured amortization
- 25 years
- Insurance eligible
- Yes
Share
Share this result
Copy the short result summary or the direct page link.
Next move
Put the premium back into the full payment
The premium matters most when you roll it into a real monthly payment scenario.
Next step
Send this result to your team inbox
Optional. Save this scenario and send it to the central inbox for follow-up.
Assumptions
How this version behaves
The inputs are flexible, but the rules are intentionally explicit so the outputs stay interpretable.
This release focuses on the standard owner-occupied premium tiers.
Premium-tax handling is explicitly Ontario-first in v1.
The calculator estimates the premium and tax, then rolls the premium into the mortgage total.
Related
Keep the workflow moving
These companion calculators answer the next question buyers usually ask.
Mortgage math
Mortgage Payment
Estimate mortgage payments, insurance, and monthly carrying costs using Canadian mortgage math.
Budget guardrails
Affordability
See how much home you can support using GDS, TDS, down payment, and the stress test.
Closing costs
Ontario Land Transfer Tax
Calculate Ontario land transfer tax and first-time-buyer rebate before you close.
FAQ
What buyers usually ask next
This content is there to make each calculator page useful as a landing page, not just a widget shell.