Mortgage insurance guide
CMHC insurance premiums are often financed into the mortgage, but Ontario PST on the premium is a cash closing cost. That distinction matters for cash-to-close planning.
Short answer
For insured Ontario mortgages, the CMHC premium may be added to the mortgage, but Ontario PST on that premium is normally a cash closing cost. Buyers who only look at mortgage payment estimates can miss this closing-day cash requirement.
Estimate CMHC mortgage insurance premium and Ontario PST cash due at closing for insured Ontario mortgages.
Search intent: Buyer wants to estimate CMHC mortgage insurance and the Ontario PST cash item at closing.
The premium affects the mortgage balance when it is financed. The PST affects cash to close because it is not typically financed into the mortgage in Ontario.
Purchase price, down payment, insured eligibility, and loan-to-value tier drive the premium estimate. The calculator keeps the premium and the Ontario PST line visible separately.
| Purchase price | $900,000 |
|---|---|
| Down payment | $90,000 |
| Estimated premium | $25,110 |
| Ontario PST cash item | $2,009 |
Sources reviewed
The insurance premium is commonly added to the mortgage, but Ontario PST on that premium is usually due in cash at closing.
No. It depends on purchase price, down payment, and whether the mortgage is insured.
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