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CMHC premium calculator

Price the CMHC multi unit insurance premium on your own numbers, from the schedule in force on July 14, 2025, with the MLI Select discount and the amortization surcharge applied the way CMHC applies them.

The short answer

The premium is a rate set by your loan to value band, raised by 0.25 percent for every five years of amortization beyond 25 and by any surcharges that apply, then cut by 10, 20 or 30 percent at 50, 70 and 100 MLI Select points, and the result is charged on the loan amount and normally added to the loan.

Your file

Loan to value 85.00 percent

Surcharges that apply

Net premium rate

4.27%
Band: Up to 85 percent
Loan to value
85.00%
Base premium rate
5.35%
Extended amortization, 3 five year periods beyond 25 years
0.75%
Subtotal
6.10%
MLI Select discount
30%
Net premium rate
4.27%
Premium
$435,540
Loan with premium added
$10,635,540

The premium is normally added to the loan. Provincial sales tax on the premium cannot be added to the insured loan and is paid at closing, so ask your accountant how it applies to you.

Schedule effective July 14, 2025, checked against CMHC's Multi Unit Fees and Premiums document on September 18, 2026. CMHC's quote on your file governs.

Sizing the debt instead? Run the commercial mortgage calculator. Scoring the project? Use the MLI Select points estimator.

The standard rental schedule

Loan to valueConstruction financingAll other loan purposes
Up to 65 percent3.25%2.60%
Up to 70 percent3.75%2.85%
Up to 75 percent4.25%3.35%
Up to 80 percent5.00%4.35%
Up to 85 percent6.00%5.35%
Up to 90 percent (MLI Select only)6.75%5.90%
Greater than 90 percent (MLI Select only)7.00%6.15%

Source: CMHC Multi Unit Fees and Premiums, document 66798 20250513 002A, effective July 14, 2025. Checked September 18, 2026. The full schedule, including other housing types and the surcharges, sits on our CMHC premium page.

FAQ

Premium calculator questions.

No. CMHC's leverage limits apply to the loan before the premium is added. The premium is then capitalised on top, so the mortgage you register is larger than the loan the leverage test was run on.

Because the schedule works in bands rather than a smooth curve. Crossing from one band into the next moves the whole loan to the higher rate, so a small increase in the loan can cost more premium than the extra proceeds are worth. It is worth testing both sides of a band before you settle the loan amount.

Before the discount, yes. The surcharge is 0.25 percent for every five year period beyond 25 years, and 50 years is five of those periods. On an MLI Select file the points discount applies to that surcharge as well, so a 100 point project pays less of it.

Yes, and some borrowers should. A conventional loan carries no insurance premium, but you give up the higher leverage and the longer amortization that the insured path buys, which usually means a smaller loan and a larger equity cheque. Run both through the commercial mortgage calculator before you decide.
Keep reading

Related reading

CMHC premium rates explainedThe full schedule, the discount, the surcharges and a worked example.MLI Select points estimatorEstimate points and tier across affordability, energy and accessibility.Commercial mortgage calculatorSize the loan on coverage before you add the premium.MLI Select financingThe program, the tiers and what it takes to qualify a BC project.

Have us price it inside your loan.

Send the building and the plan. We will size the file, apply the premium in the loan and show you the mortgage you would actually carry.

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