Down Payment Calculator
Canadian minimums and a CMHC default insurance estimate when down payment is under 20%.
CAD
CAD
Rules of thumb:
5% on the first $500k, 10% on $500k–$1.5M, 20% on amounts above $1.5M. Default insurance is required under 20% down and is only available on homes under $1.5M.
MINIMUM REQUIRED DOWN PAYMENT
$45,000
Your down payment$70,000 (10.0%)
Mortgage amount$630,000
CMHC premium$19,530
Total mortgage (incl. premium)$649,530