MORTGAGE DEFAULT INSURANCE PREMIUMS
CMHC - CANADA GUARANTY - GENWORTH
Please note these numbers are for information purposes and are not to be relied upon. It is assumed that these numbers are correct, contact me to confirm the actual numbers. Calculator tool is based on standard mortgage insurance premiums and are subject to change.
Are you buying a house? Want to know how much your mortgage default insurance premium will cost you? Use my calctulator below to calculate a standard mortgage insurance premium. Mortgage default insurance is required on purchases where less than 20% is put down. Contact me for any additional information. Please note where purchase price is above $500,000 the down payment required is 10% over and above everything over $500,000. So if it is $600,000, then it becomes 5% of the first $500,000, which is $25,000 + 10% of the additional $100,000 which is $10,000, making the total down payment $35,000.