This page shows what a $175,000 income buys and the CMHC premium on a minimum-down purchase.
Most you can spend on a home
Down payment
CMHC insurance premium
Mortgage (with premium)
Qualifying (stress test) rate
Actual monthly payment
What a $175,000 income buys
| Down payment | Most you can spend | Down payment needed | Actual monthly payment |
|---|---|---|---|
| Minimum | $786,000 | $53,600 | $4,011 |
| 10% | $817,000 | $81,700 | $3,992 |
| 20% | $904,000 | $180,800 | $3,943 |
The assumptions and rules behind these figures are on the affordability calculator page.
The premium at this price
At the top minimum-down price of $786,000, the premium is about $29,296, added to the mortgage. With 20% down there is none, and the price rises to $904,000.