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CMHC MLI Select Calculator and Underwriting Tool

Score CMHC MLI Select points, size financing, stress-test DSCR, compare market data, and project cash flow and equity.

Evaluate a Canadian multifamily property under CMHC's MLI Select framework. Enter the purchase price, rental income, expenses and program commitments to estimate the points tier, loan amount, cash required, cap rate, DSCR and annual cash flow before discussing the deal with an approved lender or mortgage broker.

Methodology reviewed: August 27, 2026Review owner: CapSharkMethodology and sourcesOfficial CMHC MLI Select guidance
Core deal scan free · No signup required

Property & Deal Inputs

Figures for a 5+ unit rental property under CMHC's MLI Select framework.

User-entered. Included in the purchased lender package; not added to public share links.

Points Commitments

Select the pathway level you intend to commit to in each category.

35 pts
70 pts
CMHC awards an additional 30 points for a 20+ year affordability commitment.
0 pts

Advanced Forecast Controls

Supported markets use CapShark's city-informed defaults automatically. Verified Pro members can override the forward assumptions.

CapShark Verdict

Strong MLI Select Candidate

105 points · Top Tier · 95% LTV · 50-year amortization
105 pts50 entry · 70 mid · 100+ top
Annual cash flow$19,704
DSCR1.19×clears 1.10×
Cap rate5.72%
Cash required$154,000
Primary risk: Interest-rate sensitivity
Loan Amount$2,198,262
Cash Required$154,000
Annual Cash Flow$19,704
DSCR1.19×
Core underwriting

Deal Health

Secondary ratios are quieter by design.

Income

NOI$125,856
Cap rate5.72%

Debt

DSCR1.19×
Debt yield5.73%

Cash

Annual cash flow$19,704
Cash-on-cash12.80%
More metrics
Debt constant4.83%
Break-even ratio85.63%
Interest rate4.25%
Premium rate5.18%
Annual debt service$106,152
Purchase costs$44,000
CMHC application fee$0
Your financing

MLI Select Advantage

top tier105 pointsTier context: 50 / 70 / 100+
LTV95%
Amortization50 yrs
Premium discount30%
Estimated equity required$110,000
Plain-English read

CapShark Analysis

Base projection

Outlook

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MetricTodayYear 5Year 10
NOI——Full report
Cash Flow——Full report
DSCR——Full report
Equity——Full report

CMHC context

Local Market Intelligence

Rent assumption vs CMHC—
Vacancy vs market—
2028 rent outlook—
Market support opinionFull report
Benchmarks are free. The property-specific market underwriting opinion is included in the lender package.
What breaks the deal?

Stress Test

ScenarioDSCRCash FlowStatus
Base1.19×$19,704Pass

Primary Risk: Interest rates

Program Readiness
Unit eligibility—
Residential mix—
Debt coverage1.19× clears 1.10×
Points qualification105 pts · top tier
RecourseLimited
Replacement reserveDiscretionary

MLI Select generally requires at least 5 units. Non-residential space must not exceed 30% of gross floor area or total lending value. Standard rental housing uses a minimum 1.10 DCR. Borrower experience, net worth, liquidity and guarantees remain lender/transaction-specific and should be confirmed with an approved lender.

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MLI Select vs. Conventional Financing
MetricYour MLI Select TierConventional (75% LTV / 25-yr)
Full Deal Report
Paid underwriting package

Know what the deal supports before approaching a lender.

A property-specific PDF that turns the calculator inputs into a structured financing request, risk review and diligence checklist.

Included free

✓ Points, tier and terms✓ NOI, cap rate and DSCR✓ Cash flow and cash required✓ Base screening verdict

Get notified when CMHC changes MLI Select rules. Occasional program updates, no spam.

Get Matched With a Lender
Optional introduction

Discuss this deal with an MLI Select lender or broker.

With your express consent, CapShark sends the current deal snapshot with your contact details so the conversation can start with the numbers already organized.

1You request an introduction.
2CapShark sends this deal snapshot to a partner.
3The partner independently reviews eligibility and follows up.

No approval or response is guaranteed. CapShark is not a lender or CMHC.

How MLI Select tiers work

Points come from three categories — Energy Efficiency, Affordability, and Accessibility — and combine with your DSCR, LTV, and amortization to determine your tier and premium discount. 100+ points is Top Tier, with the largest premium discount; lower point totals still qualify but at a smaller discount. See how each category earns points →

Frequently Asked Questions

Is this MLI Select calculator free to use?
Yes. There's no signup, no paywall, and no limit on how many deals you can run. DSCR, cap rate, cash flow, LTV, amortization, and the points/tier estimate are all free.
Does this calculator replace a CMHC-approved lender's underwriting?
No. Point values, tier thresholds, and financing terms reflect publicly published MLI Select program guidance and are simplified for planning purposes. CMHC's actual scoring involves detailed documentation reviewed by an approved lender — confirm exact figures with a CMHC-approved lender or mortgage broker before relying on this for a live deal.
What cities does this calculator support?
Vancouver, Calgary, Edmonton, Toronto, Ottawa, Montréal, and Halifax include CMHC rental-market benchmarks and 2026–2028 forecast context. Any other market can be entered manually using the custom location option.
Can I save and share my MLI Select deal analysis?
Yes. Deals can be saved locally in your browser for later, shared as a link that restores the exact numbers when opened, or shared as a downloadable deal card image for text, email, or social apps.
What information do I need to use this calculator?
Unit count, purchase price, annual rent, vacancy rate, operating expense ratio, and your lender's quoted interest rate and premium. The points commitments section (energy, affordability, accessibility) is optional but affects your tier and premium discount.