Mortgage Insurance Premiums Set to Increase

Effective March 17, 2017, high ratio insurance premiums will be increasing. This comes right on the heels of the changes the federal government set out in October. Below is a chart of the new premiums:

Loan-to-Value Ratio Standard Premium (Current) Standard Premium (Effective March 17, 2017)
Up to and including 65% 0.60% 0.60%
Up to and including 75% 0.75% 1.70%
Up to and including 80% 1.25% 2.40%
Up to and including 85% 1.80% 2.80%
Up to and including 90% 2.40% 3.10%
Up to and including 95% 3.60% 4.00%
90.01% to 95% Non-Traditional Down Payment 3.85% 4.50%