What it is calculated on
The premium is estimated from the price, your down payment, and the amortization you entered.
Where it lands in your loan
The premium is added to the loan: it raises your balance and your payment for the whole amortization. In Quebec, the tax on the premium is paid in cash at closing.
What still needs confirming
The actual premium rate depends on the program, the insurer, and the file. This figure confirms neither your eligibility nor the insurer’s acceptance.
Next step
Send me the price, the down payment, and the amortization: I’ll confirm the likely premium and what it adds to the payment.