Insured Savings Analysis

1. Eligibility & Property Info

Purchase Price ($)

* For newly built homes, enter the total contract price including GST (before any rebate offset).

Mandatory Eligibility (Must meet all)

Will you occupy the property? (Owner-occupied) Is your credit score at least 600?

30-Year Amortization Eligibility (Requires at least one)

Are you a First-Time Home Buyer (FTHB)? Is it a newly built home (Brand New)?

2. Loan Setup & Premium Calculation

Intended Down Payment ($)

Minimum Down Payment: $0 (0%)

Amortization Period

Estimated Default Insurance Premium $0 LTV: 0% | Rate: 0.0%

* Disclaimer: The premium rates above apply to standard residential properties (1-2 units) with traditional down payments. Rates may be higher for non-traditional borrowed down payments or 3-4 unit properties.

3. Savings & Break-even Analysis

🌱 Eco Plus 25% Premium Refund

I will apply for the 25% refund with an energy-efficient newly built home.

* Only available if the home has the qualifying energy-efficiency rating. The full premium is added to your mortgage, and the 25% is refunded to you in cash after funding through a separate application.

Cash Refund Received Later: $0

🔗 Check CMHC Eco Plus Guidelines ↗

Rate Spread (Insured vs Conventional, same loan amount)

Current Insured Rate (%)

Conventional Rate - Insured Rate (%)

* Insured mortgages have lower lender risk, typically offering rates 0.2%~0.5% lower than Conventional (Uninsured) mortgages (which require 20%+ down payment).

* How it compares: the same loan amount is borrowed at the Insured rate (plus premium) and at the Conventional rate, to see whether the interest saved by the lower rate exceeds the premium. In practice, bank Conventional mortgages need at least 20% down.

Net Premium Paid

(Gross Premium - Eco Plus Refund Received Later)

Total Interest Saved over Amortization

+$0

(Interest difference vs Conventional, same loan amount)

Break-even Point

Awaiting analysis results.

Detailed Monthly Amortization Comparison

The Break-even month will be highlighted in green.

Month	Insured Mortgage				Conventional Mortgage (same loan amount)
Month	Payment	Principal	Interest	Balance	Payment	Principal	Interest	Balance

Rules and figures last checked against official sources (CRA, CMHC, BC government) on 2026-10-25. Results are estimates for reference only; actual approval terms vary by lender.