What is the current CMHC insurance premium?
Quick Answer
Short answer: Between 2.80% and 4.00% of the loan, tiered by down-payment size.
Detailed Explanation
CMHC, Sagen, and Canada Guaranty all charge an upfront premium that can be rolled into your mortgage. The less you put down, the higher the percentage.
As of spring 2025 the structure is:
- 5–9.99% down → 4.00%
- 10–14.99% down → 3.10%
- 15–19.99% down → 2.80%
On a $400,000 loan with 5% down the premium adds $16,000, increasing your monthly payment by about $85 at 4.5% interest.
Disclaimer: This page is for general information only and does not constitute legal, financial, or real estate advice. Always verify details with a licensed Alberta REALTOR®, mortgage professional, or lawyer before making decisions. Buy in Edmonton assumes no liability for actions taken based on this content.
Tim Grover, RE/MAX Excellence • 780-288-5144 • 5607 199 Street NW, Edmonton, AB
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