Mortgage & financing

Mortgage Insurance Cost Calculator

Estimate an upfront or recurring mortgage-insurance premium. Replace every default with figures that apply to your property and location.

What this calculator estimates

Estimate an upfront or recurring mortgage-insurance premium. It combines the inputs below to produce Estimated insurance cost. Every assumption remains editable so the estimate can reflect the property, financing and location being evaluated.

Worked example

Using the displayed sample assumptions, the calculator produces $26,500. This is an illustration, not a market quote. Change one input at a time to understand what drives the result.

Inputs and assumptions

• Base loan amount — sample input: 500000 currency units
• Upfront premium rate — optional — sample input: 2.8 %
• Annual recurring premium rate — optional — sample input: 0.5 %
• Recurring premium years — sample input: 5 years

How to interpret the result

Compare the payment with your total housing budget, not income alone. Compare a conservative case with an expected case and keep a record of the assumptions used.

Common mistake to avoid

Avoid assuming the lowest advertised rate applies to every borrower. Local definitions, taxes, lending practices and measurement requirements can materially change the result.

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Reviewed 2026-09-08.