Canadian Mortgage Insurance Premiums

The Insurance Premium is paid once, at the time of closing, and may be added onto the mortgage or paid separately.  The premium rate varies from 0.50% to 2.75% of the mortgage amount depending on the size of your down payment.  To calculate the premium, multiply the mortgage amount by the premium rate.

Premium Rates:

Loan to Value Ratio	Premium on Total Loan
Up to 65.00%	0.50%
65.01 - 75.00%	0.65%
75.01 - 80.00%	1.00%
80.01 - 85.00%	1.75%
85.01 - 90.00%	2.00%
90.01 - 95.00%	2.75%
95.01 - 97.00%	2.90%

Amortization Options:

• Maximum 35 years
• Insurance for all of our extended amortization products will include a 0.20% premium surcharge for every 5 years of amortization beyond the traditional 25-year mortgage amortization period