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GE/CMHC Premiums

Posted on October 13, 2013

General Electric and Canada Mortgage and Housing Corporation Premiums

These are calculated as a percentage of the mortgage amount and depend on the amount of down payment. The lower the down payment, the higher the fees. These fees are usually added to the loan amount.

Down Payment Premium
20%-24.99% 1.00%
15%-19.99% 1.75%
10%-14.99% 2.00%
Borrowed Down Payment 2.90%