As housing prices continue to be high, securing a significant down payment can be challenging. Many home buyers are turning to high-ratio mortgages. A high ratio mortgage is a mortgage loan higher than 80% of the lending value of the property. This High Ratio Mortgage calculator helps to determine the amount of mortgage insurance you will pay on a high ratio mortgage.

Your insurance premiums will depend on the percentage of the down payment.

More money is borrowed in an insured mortgage because of a smaller down payment, so more interest is paid. As a result, a high ratio mortgage costs more. Your insurance premiums will depend on the percentage of the down payment. The High Ratio Mortgage Calculator considers the purchase price of a home, the down payment amount and the amortization period to offer the monthly payment amount you can expect.

Discover related calculators including:

• Mortgage Calculator
• Mortgage Affordability Calculator

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