3852 Finch Ave E #209, Scarborough, ON M1T 3T9, Canada
Brokerage #13763
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Brokerage #13763
Compare MLI Select vs MLI Standard. Estimate max insurable loan, premium, DCR, and monthly payment for multifamily financing.
Program Limits
Select LTV
95%
≥50 pts
Standard LTV
85%
Base program
Select DCR
1.10×
Minimum
Amortization
50 yrs
100+ pts
Select active underwriting framework
MLI Select Points
Asset and valuation assumptions
NOI and stress assumptions
Rate and amortization assumptions
Maximum Insured Loan
$2,975,000
85.0% LTV · Premium $133,875 (4.50%)
LTV ConstrainedDown Payment
$525,000
equity required
Total Loan
$3,108,875
incl. premium
Monthly P&I
$15,904
40 years
Annual NOI
$271,320
net operating income
Debt Coverage Ratio
Calculated DCR
1.42×
Required minimum
1.10×
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Ontario multifamily specialists, FSRA #13763
Get My OptionsProgram comparison under current assumptions
| Metric | MLI Select | MLI Standard |
|---|---|---|
| Max LTV | 95.0% | 85.0% |
| Max Loan | $3,325,000 | $2,975,000 |
| Down Payment | $175,000 | $525,000 |
| Premium Rate | 5.25% | 4.50% |
| Monthly Payment | $16,986 | $15,904 |
| Min DCR | 1.10× | 1.20× |
Straight answers on how the max insurable loan is calculated and what drives the difference between MLI Select and Standard.
Have a question we didn't answer?
Our licensed broker team is happy to help.
The calculator runs two tests, loan-to-value and debt coverage, and uses the lower result as your estimated maximum insured loan. Your lender can set tighter limits than CMHC.
NOI is net operating income: your rental income after vacancy, minus operating expenses. It drives the debt coverage test, and so the maximum loan.
CMHC sets minimums by property type, number of units, loan purpose and term. Standard rental generally runs from 1.10 to 1.30. Other shelter models such as student, seniors and supportive housing are higher. Your lender may ask for more.
No. It is an estimate to help you plan. CMHC and the lender decide what your project qualifies for.
Yes. We compare lenders for your project, explain the options in plain English, and are licensed and regulated by FSRA (Brokerage #13763), required to disclose fully and act in your interest.
Still have questions?
Get straight answers from a licensed Ontario broker.
Estimates only · Program terms may change · FSRA Brokerage #13763 ·lendsimpl.ca
This calculator compares two CMHC mortgage-insurance frameworks for multifamily buildings, MLI Select and MLI Standard, so you can see how much each could support for the same property.
A maximum insurable loan is usually held down by two tests: the loan-to-value cap (how much of the property's value can be borrowed) and the debt coverage ratio (how comfortably the property's net operating income covers the payment). The lower of the two sets the ceiling.
In this tool MLI Select allows up to 95% loan-to-value from 50 points, with a minimum debt coverage ratio of 1.10 and amortization of up to 50 years at 100 or more points. MLI Standard allows up to 85% loan-to-value. Use the MLI Select Points tool to estimate your score first.
CMHC charges an insurance premium for the coverage, and the tool shows its effect on the loan and the monthly payment. Rates, premiums and program rules change, so treat the output as a planning estimate.
lendsimpl is an FSRA-licensed brokerage, #13763. This page is general information, not a commitment to lend or insure; confirm current CMHC program terms before relying on a figure.