When is CMHC insurance required in Canada?
Generally when your down payment is below 20% on an insurable purchase price within CMHC limits.
Behavioral lens: Framing
CMHC Insurance Calculator
Estimate CMHC mortgage insurance premium by down payment percentage. Plus a behavioral lens on framing so the math matches your mindset.
Educational estimates only. Not personalized advice. Data targets 2026 Canadian rules.
Purchase inputs
$
$
CMHC insurance
Down payment7.3%
Premium rate4.0%
Insurance premium$20,400
Total mortgage (with premium)$530,400
Premium as % of home3.7%
Behavioral lens: Framing
Framing CMHC as paperwork, not price
Insurance premium gets buried in the mortgage balance so it feels invisible. Reframing it as a percent of home price makes the true cost of a small down payment tangible before you offer.
Frame the full cost before you offer
PsyFi stacks CMHC, land transfer, and closing costs into one honest home budget.
Plan your home purchaseFAQ
Is this PsyFi calculator free?
Yes. Every PsyFi free tool runs in your browser with no signup. We built them to pair accurate Canadian math with behavioral science, not to gate basic estimates behind an account.
Does PsyFi store what I type?
No. Inputs stay on your device. Nothing you enter is sent to PsyFi servers.
Is this personalized financial advice?
No. These are educational estimates using published Canadian rules for 2026. They are not tax, legal, mortgage, or immigration advice. Confirm current rates and your situation with qualified professionals before acting.
Estimates for education only. Not financial, tax, mortgage, immigration, or legal advice. Canadian rules and rates change. Verify current figures with qualified professionals before making decisions. PsyFi tools add behavioral context; they do not replace personalized planning.