You want to buy a house for $500,000. You plan to make a down payment of only 5% of the home value, and amortize the loan over the maximum allowable thirty-five years. You negotiated a five-year fixed-mortgage rate of 5%; compounded semi-annually and paid monthly. Due to the (high) 95% loan-to-value ratio, you must pay an additional CMHCpremiumof 3%of the value of the loan. This is added to the loan amount.What is your monthly mortgage payment?