# Desjardins Mortgage Calculator

Haven't found a property to purchase yet?
?
Enter the amount that you are planning on paying for the property
Property Value
STEP 1
Enter property purchase price
Option #1
Option #2
Option #3
Option #4
?
Enter the amount that you will pay upfront
toward the property to obtain a mortgage
Down Payment
?
CMHC mortgage insurance is required on all
mortgages with down payment less than 20%
Mortgage Insurance
+
\$19,000
\$13,950
\$11,900
\$0.00
?
Total mortgage amount is calculated by subtracting
the down payment from the property price and adding
CMHC mortgage insurance (if applicable)
Mortgage Required
=
\$494,000
\$463,950
\$436,900
\$400,000
?
Amortization period is length of time that it would take
the mortgage holder to pay off the mortgage in full
Amortization Period
?
Please select the province where you are planning
on taking out the mortgage, as mortgage rates can
vary in different provinces
Province
Ontario
STEP 2
Select province to get current
mortgage rates
?
Mortgage type specifies whether the interest
rate is variable or fixed
Mortgage Type
Fixed Rates
1 Year
3.69%
2 Year
3.89%
3 Year
4.34%
4 Year
4.89%
5 Year
3.14%
7 Year
5.80%
10 Year
6.60%
Variable Rates
5 Year
3.95%
?
Please select how often you would like
to make your mortgage payments.
Payment Frequency
?
Mortgage payment is the amount that you will be
required to pay based on your mortgage terms
Mortgage Payment

## About Desjardins Mortgages

Home buyers that are trying to execute a little self-educating about new mortgages may have come across references to a mortgage calculator, but what exactly is it, and how does it work to the advantage of the home buyer? A Desjardins mortgage calculator can be found on Desjardins or any banking website and some alternative websites; it is free to use and can be used repeatedly. The Desjardins mortgage calculator requires the home buyer to enter accurate information into the fields provided, and it will sum up how much your mortgage loan payable will amount to each month (based on the information you provide at the time of use). This part of the mortgage calculator fields will need home purchasing information. The purchase price information (the price) is the amount of the down payment, the term & type of the mortgage (an open or fixed rate mortgage, as examples), the anticipated interest rate, the amortization in years, the payment frequency (weekly, accelerated weekly, every 2 weeks, accelerated bi-weekly, or once a month), the annual prepayment, and any additional amount that you would make on top of your regular payments. The next step is easy; you just click 'calculate', and you will quickly be able to determine the monthly payment amount.