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CMHC Tools

CMHC Premium Calculator

Model CMHC insurance premiums on the July 14, 2025 LTV-tiered grid — including amortization surcharges that now apply to MLI Select, plus tier-based discounts at 50, 70, and 100 points. Upload a term sheet if you have one.

After you size the loan

How to use this premium calculator

Premium is a function of loan, LTV, amortization, program, Select tier, transaction type, and a few surcharges. Size proceeds first, then price the insurance.

1

Size the loan

Use the MLI max-loan calculator (upload a rent roll if you have one) so LTV and points are real.

2

Pick program and tier

Standard has no discount. Select discounts 10 / 20 / 30% at 50 / 70 / 100 points after surcharges.

3

Add surcharges

Amortization beyond 25 years, non-residential share, second mortgage, and EGI-not-met (purchase/refi only).

CMHC Premium Calculator

July 14, 2025 LTV-tiered grid with amortization surcharges and MLI Select tier discounts.

Second mortgage
Adds +0.50% flat
EGI not met at first advance
Purchase/refinance only. Adds +0.25%. Not applicable to construction.

≤85% → purchase/refi base 5.35%

LTV bandPurchase / refiConstruction
≤65%2.60%3.25%
≤70%2.85%3.75%
≤75%3.35%4.25%
≤80%4.35%5.00%
≤85%5.35%6.00%
≤90%5.90%6.75%
>90%6.15%7.00%
Effective premium
4.62%
= $462,000 on $10,000,000

Subtotal 6.60% × (1 − 30% MLI Select discount)

Premium stack
Base (≤85%)5.35%
Amortization (50 yrs)+1.25%
Non-residential (0%)—
Second mortgage—
EGI not met—
Subtotal6.60%
MLI Select discount (100 pts)− 30%
Effective premium4.62%
Premium $$462,000

4.8/5 (116 Google reviews). Walk through this premium estimate with a specialist.

Book a CMHC call — premium ~$462,000

4.8/5 (116 Google reviews)

Per July 14, 2025, amortization surcharges now apply to MLI Select. A 100-point project at 95% LTV / 50-year amort pays roughly 4.6% vs. the old flat ~2.55%. Estimates only — confirm with CMHC and your lender.

Related CMHC tools

CMHC MLI Max Loan Calculator

Size maximum proceeds, points tier, and amortization from NOI or rent rolls.

MLI Select Points Calculator

Score affordability, energy, and accessibility before you apply.

CMHC Policy Updates

Timeline of premium changes, Advice 268, ACLP updates, and program shifts.

July 14, 2025

What changed in the premium grid

CMHC replaced flat MLI Select pricing with an LTV-tiered base shared with MLI Standard. Select still earns a tier discount — but it is a discount off the new stack, not a return to the old ~2.55% world.

Base + surcharges first

CMHC adds the LTV-band base and every surcharge, then applies the Select discount to that subtotal.

Amortization: +0.25% per 5 years above 25 (a 50-year amort adds +1.25%). This now applies to Select.

Non-residential: +1.00% times the non-residential share of the loan (10% GFA ≈ +0.10%).

Construction premiums sit roughly 0.65% above purchase/refinance at the same LTV band.

Then the Select discount

10% at 50 points, 20% at 70, 30% at 100+. No discount on Standard.

A 100-point, 85% LTV, 50-year file often lands near the mid-4% effective range — far above the old flat regime.

EGI-not-met-at-first-advance (+0.25%) is purchase/refinance only.

This page is an estimate. The lender’s CMHC invoice is the binding number.

Inputs that move the number

Loan, LTV, amort, and points

If any one of those four is wrong, the premium is wrong. Upload a term sheet when you have one instead of guessing LTV.

LTV band

The July 2025 base rate steps up as leverage rises. Construction uses a higher column than purchase/refi.

Loan / value (or cost)

Amortization surcharge

+0.25% per 5 years above 25, including Select.

((amort − 25) / 5) × 0.25%

Select discount

Applied after the surcharge stack.

10% / 20% / 30% at 50 / 70 / 100 pts

Non-residential

Pro-rata +1.00% surcharge on the commercial share.

+1.00% × non-res %

How to read a result

Treat the output as an insurance cost to layer onto the max-loan model — not as a payment quote. Capitalizing the premium raises the funded loan and can bump you into the next LTV band if you are tight to a cap.

Size first MLI max-loan calculator (NOI, points, program)
Price second This page (loan, LTV, amort, tier, surcharges)
Binding number Lender / CMHC invoice after underwriting

Do not use 4.5% as a default rate on an assumption file. Assumptions are sized at the in-place note rate on the max-loan model; this page only prices insurance.

Related CMHC tools

CMHC MLI max loan

Size proceeds and points

MLI Select points

Score affordability, energy, access

MLI vs conventional

Payment and cash-flow compare

CMHC policy updates

Premium changes and Advice notes

MLI application process

How a file actually moves

Book a strategy call

Structure Select vs Standard

La confiance des investisseurs

Ce que disent nos clients

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FAQ

CMHC premium FAQs

How the July 2025 premium grid works and how to use this calculator with your deal model.

Premium basics

CMHC replaced flat MLI Select pricing with an LTV-tiered grid shared with MLI Standard. Amortization surcharges (+0.25% per 5 years beyond 25) now apply to MLI Select for the first time. MLI Select tier discounts of 10%, 20%, and 30% still apply at the 50-, 70-, and 100-point levels — but on top of the new base grid, not instead of it.
CMHC sums the base premium and all surcharges first, then applies the MLI Select tier discount (10%, 20%, or 30%) to that subtotal. A 100-point deal at 85% LTV with 50-year amortization typically lands near 4.6% effective premium — far above the old flat ~2.55% regime.
Yes. CMHC applies a +1.00% surcharge proportionally to the non-residential share of the loan. Ten percent non-residential GFA adds +0.10% to the premium stack.
Construction premiums run roughly 0.65% higher than purchase/refinance at the same LTV band. The +0.25% EGI-not-met-at-first-advance surcharge applies to purchase/refinance only — it is not applicable to construction financing.

Using this calculator

Use MLI Select if you're scoring affordability, energy, or accessibility points. Use MLI Standard for stabilized acquisitions with no points pathway. Both programs now share the same LTV-tiered base grid as of July 2025.
Run the CMHC MLI max loan calculator first to size proceeds and points tier, then plug the loan amount, LTV, amortization, and tier into this premium calculator for the insurance cost.
Yes. Upload a commitment, term sheet, or MLI sizing PDF. The AI extracts loan amount, LTV, amortization, program, points tier, and non-residential share when those fields are in the file.
On most MLI Select files the premium can be capitalized (added to the loan) subject to the program’s max LTV/LTC. Confirm with the lender — this calculator reports the premium dollars and percent, not the funding path.
The July 2025 grid is LTV- and amortization-driven, not term-driven. Term still changes Standard min DCR (1.30 under 10 years, 1.20 at 10 years) when you size the loan — that happens on the max-loan calculator, not here.

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Nous utilisons des analyses respectueuses de la vie privée (pas de suivi publicitaire). Les réglages des calculateurs sont enregistrés sur votre appareil. Consultez notre Politique de confidentialité .