Mortgage Default Insurance Calculator

Canada — Premium on Total Loan & Portability Top-Up

Calculation Mode

Purchase Price / Property Value ($)

Down Payment ($)

20%

% Down: —

Increase to Loan Amount ($) (Portability Mode)

Portability Premium Credit Inputs

Original Closing Date

Original Premium Paid ($)

Blended amortization applies
(+0.60% surcharge on increase)

Non-traditional down payment
(>90% LTV)

Amortization Period

Province or Territory

Provincial sales tax (QC/ON/SK) is not financeable and must be paid at closing.

LTV

Premium Rate

Base Mortgage

Premium Amount

Gross Premium (before credit)

Premium Credit Applied

Provincial Sales Tax

Total Premium Cost

Total Mortgage (premium financed)

The mortgage insurance premium can be added to the mortgage, but provincial sales tax (QC/ON/SK) must be paid as a closing cost and cannot be financed. In portability mode, the Premium Amount shown is the net figure after any applicable credit.