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What will my CMHC, Genworth or Canada Guaranty fees be?

High-ratio mortgages: estimating insurer fees 

If your down payment is less than 20%, your mortgage is considered high-ratio and must be insured against payment default by the Canada Mortgage and Housing Corporation (CMHC), Genworth Financial Canada or Canada Guaranty.

The insurer will charge a fee for this insurance. The amount of the fee will depend on the amount you are borrowing and the percentage of your down payment. Typical fees range from 0.5% to 2.9% of the principal amount of your mortgage. This amount can be paid up front or added to the principal portion of your mortgage. A Mortgage Specialist can help you determine the exact amount

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