Mortgage Affordability Calculator

This Calculator will help you to determine the CMHC premium for various levels of home downpayment. Please note that you don't have to pay a premium if you put at least 20% of the purchase price as a downpayment. The premium for anything less than 20% down increases as the amount of downpayment decreases. The premium amount is added to your mortgage and is amortized over the term of the mortgage

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Current Rate: 5%