Premium Calculator · July 14, 2025 grid
Compute your CMHC insurance premium.
The July 14, 2025 overhaul replaced MLI Select's flat pricing with LTV-tiered rates — and amortization surcharges (+0.25% per 5 yrs beyond 25) now apply to MLI Select for the first time. This calculator applies the current grid, stacks all surcharges, and subtracts the tier-based MLI Select discount.
Second mortgage
Adds +0.50% flat.
EGI NOT met at first advance
Construction only. Adds +0.25% if effective gross income target not achieved at first advance.
≤85% → purchase/refi base 5.35%
| LTV band | Purchase / refi | Construction |
|---|---|---|
| ≤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% |
Effective premium
4.62%
= $462,000 on $10,000,000
Subtotal 6.60% × (1 − 30% MLI Select discount)
Premium stack
Base (≤85% · purchase/refi)5.35%
Amortization surcharge (50 yrs)+1.25%
Non-residential (0%)—
Second mortgage—
EGI not met (construction 1st advance)—
Subtotal6.60%
MLI Select discount (tier 100)− 30%
Effective premium4.62%
Premium $$462,000
Important: Per July 14, 2025, amortization surcharges now apply to MLI Select. A 100-point project at 95% LTV / 50-yr amort now pays approximately 4.62% vs. the old flat 2.55%.