Effective February 15, 2016, the minimum down payment for new mortgages
  on homes priced above $500,000 increased to 10% on the portion of the
  price above $500,0000. The minimum down payment stays at 5% for homes
  priced below $500,000 and at 20% on homes selling for more than $1 million.
  Move the slider to calculate your own minimum down payment:  
  Purchase price
 
     
     
  Minimum down payment in $'s    
  Minimum down payment in %    
  Mortgage Insurance      
  Mortgage amount (purchase price less down payment)  
  Mortgage insurance    
  Total mortgage including insurance  
  Help        
  Mortgage insurance is required on all mortgages with down payments of less
  than 20%. Insurance is calculated using CHMC rates. You can enter a purchase price
  between $100,000 and $1 million in increments of $10,000 using the slider.
Disclaimer
This calculator is for educational purposes only. You should not rely on the results
as an indication of your financial needs and we recommend that you seek out your
own legal, accounting, tax or professional advice. 
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