CMHC to Increase Mortgage Insurance Premiums

 

95% Loan-to-Value
Loan Amount $150,000 $250,000 $350,000 $450,000
Current Premium $4,725 $7,875 $11,025 $14,175
New Premium $5,400 $9,000 $12,600 $16,200
Additional Premium $675 $1,125 $1,575 $2,025
Increase to Monthly $3.12 $5.20 $7.29 $9.36

Based on a 5 year term @ 2.79% and a 25 year amortization
* Premiums in Manitoba, Ontario and Quebec are subject to provincial sales tax — the sales tax cannot be added to the loan amount.

 

http://www.cmhc.ca/en/corp/nero/nere/2015/2015-04-02-1605.cfm

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