CMHC MLI Select Calculator - Alberta Mortgage Solutions

CMHC MLI Select — Alberta Calculator

Estimate points, flexibilities, premiums & max loan for 5+ unit properties.

Total Points

Max amortization by points: 25 yrs

Deal

Region Purpose Property Type Units (min 5)

Purchase Price ($) Down Payment ($)

As-Is/As-Stabilized Value ($)

Non-Res GFA (%)

Non-Res Lending Value (%)

Premium Version

Income & Expenses

Avg Monthly Rent / Unit ($) MRI City Preset

Median Renter Income (annual, $)

30% of MRI → affordability rent cap auto-calculated

% Units ≤ Affordability Cap

Landlord pays unit utilities

Vacancy %

Default 5%

Mgmt %

Default varies by city

Repairs & Maintenance %

# of Advances (est.)

EGI met at first advance (existing only)

Financing & Points

Rate (%)

Stressed at max(5.25%, rate + 2%)

Target Amortization (yrs)

Energy Level

New: +20/+35/+50 pts @ 20/25/40% above code. Existing: +20/+35/+50 @ 15/25/40% improvement.

100% units visitable (CSA B651:23)

Accessibility Level

Affordability Term (years)

+30 pts if affordability commitment ≥ 20 years

Results

Max Eligible Loan

Min( LTV/LTC cap $0, DSCR $0 )

Estimated Premium

Rate 0%; Disc 0%

Application Fees (est.)

Points: CHECK LTV/LTC & Non-Res Caps: CHECK DCR: CHECK

Cash Flow Snapshot

NOI (annual): $0

Debt Service (annual): $0

Monthly Cash Flow: $0

Ratios

Overall LTV: 0%

Stressed Rate: 0%

Stressed DCR @ max loan: 0.00

Premium Breakdown

Base Rate: 0%

Ext. Amort add: 0%

EGI not met add: 0%

Non-Res add: 0%

MLI Select Discount: 0%

Disclaimer: Estimates only. CMHC/lender decisions prevail. Policies subject to change. Alberta Mortgage Solution operates under Dominion Lending Centres Lender Direct brokerage.

AMS MLI Select Calculator — FAQ

What does this calculator do?

It estimates CMHC MLI Select eligibility and loan sizing for multi-unit projects. You’ll see projected points (Affordability, Energy, Accessibility), max amortization, DSCR-constrained loan, LTV/LTC cap, estimated insurance premium, application fees, and a quick cash-flow view

Who is this for?

Developers, investors, and brokers evaluating new construction, completion take-out, purchases, or refinance of multi-unit rental, SRO/supportive, retirement, and mixed (with limited non-residential) projects.

I have a unique deal—can you tune the assumptions?

Absolutely. We can customize defaults (vacancy, opex, MRI, stress rate), add property-type presets, and tailor the printout to your lender’s template.

Is this financial advice?

No. It’s an educational estimator. Always confirm numbers with your lender and CMHC before making decisions.

Does it support mixed-use?

Yes—within typical MLI Select limits. Enter your non-residential share; the tool caps non-residential lending and accounts for the corresponding premium/fee effects.

Is this an official CMHC tool?

No. It’s an independent estimator built by AMS to mirror common MLI Select guidelines. Final terms always depend on lender underwriting and CMHC approval.

How accurate are the results?

Good for feasibility and scenario planning—not a commitment. Inputs (rents, expenses, vacancy, rate, costs) drive outcomes. Small input changes can move DSCR/LTV and premiums materially.

What about application fees?

We estimate CMHC application fees by units and number of advances, plus a small non-residential loan fee where applicable.

What stress rate and DCR are used?

A conservative stress rate (rate + buffer or a floor) and CMHC-style DCR floors by property type (e.g., Standard Rental vs. Supportive/Retirement). This helps approximate lender/CMHC sizing under stress.

How are points calculated?

Affordability: % of units committed under an income-based rent cap for a set term (more units + longer term → more points).
Energy: modeled by selected improvement level.
Accessibility: points require “visitability” plus Level 1/2 features.
Hit 50/70/100 points to unlock longer amortizations and potential premium discounts.