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Author Question: Peter and Mary make a $25 000 down payment on a $400 000 home. What will be the CMHC insurance ... (Read 107 times)

karen

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Peter and Mary make a $25 000 down payment on a $400 000 home.

What will be the CMHC insurance premium? CMHC charges the following rates on the loan to value ratio: Up to and including 80 percent, 1.00 percent; up to 85 percent, 1.75 percent; up to 90 percent, 2.00 percent; up to 95 percent 2.75 percent.

Illustrate the calculation on the loan insurance premium that Peter and Mary have to pay?


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Marked as best answer by karen on Nov 11, 2019

yasmina

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karen

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Reply 2 on: Nov 11, 2019
Gracias!


ryansturges

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Reply 3 on: Yesterday
:D TYSM

 

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