Down payment and CMHC insurance
If your down payment is less than 20% of the purchase price, you need mortgage default insurance (CMHC/Genworth). The premium depends on the down payment percentage and is subject to QST. This calculator estimates the 2026 premium.
You will see the other value (in % or $) in the results.
If under 20%, a loan insurance premium from the Canada Mortgage and Housing Corporation (CMHC) applies.
Results
Down payment ($)$40,000.00
Down payment (%)10.00%Percentage of purchase price that the down payment represents.
Visualisation
Details
CMHC premium$11,160.00Loan insurance premium from the Canada Mortgage and Housing Corporation (CMHC) — required when down payment is under 20%.
QST on premium$1,113.21Quebec sales tax (QST) applied on the CMHC premium (Quebec only).
Down payment = purchase price × percentage entered. If down payment is under 20%, the CMHC premium is from the 2026 schedule (rate by loan-to-value ratio) applied to the loan amount; QST (9.975%) is calculated on that premium.