Desjardins mortgage calculator
Estimate the payment on a Desjardins mortgage at the rate on your quote, then check Desjardins's own published rules for prepaying, porting and breaking the mortgage. Independent tool — not affiliated with Desjardins.
Your scenario
Result
The starting rate of 4.84% is illustrative, not a Desjardins rate — enter the rate on your own quote. Mortgage360 is an independent platform, NOT affiliated with Desjardins.
Rules checked: September 2026. Sources: Desjardins: pay off your mortgage · Desjardins: glossary (IRD) · Desjardins: about us
About Desjardins
Desjardins Group describes itself as the largest cooperative financial group in Canada. Its mortgages are offered through its caisses.
Desjardins prepayment privileges
On a closed Desjardins mortgage you can prepay up to 15% of the original amount each year — unused room does not carry forward — and raise your payments up to double the original payment. Model what a lump sum does to your amortization in the prepayment savings calculator.
Porting a Desjardins mortgage
Desjardins's own pages we reviewed do not set out its porting rules; ask your caisse.
How Desjardins calculates the penalty to break
Desjardins calculates an interest rate differential against the posted rate for the term closest to your remaining term — the rate the Fédération recommends to caisses — reduced by the same discount you received on your own rate. Estimate the difference between the two methods in the mortgage penalty calculator.
What that means for you
The IRD is based on posted rates less your discount, the same approach most big banks use, so a fixed-term break can be costly. The 15% allowance does not roll over, so use it each year if you plan to prepay.
How this calculator works
Canadian fixed-rate mortgages state their rate compounded semi-annually, not in advance — the convention that follows from section 6 of the federal Interest Act. The calculator converts the rate you enter into the equivalent rate for your payment frequency, so monthly, bi-weekly and weekly results stay consistent. Accelerated bi-weekly pays half the monthly amount every two weeks, which adds the equivalent of one extra monthly payment a year.
Sources
Checked September 2026. Lenders change their terms; your commitment letter is what binds you.
Compare with other lenders
Prepayment and penalty rules differ more between lenders than rates do. Compare the published terms of other Canadian lenders:
- TD Canada Trust mortgage calculator
- RBC Royal Bank mortgage calculator
- Scotiabank mortgage calculator
- BMO Bank of Montreal mortgage calculator
- CIBC mortgage calculator
- National Bank of Canada mortgage calculator
- First National Financial mortgage calculator
- MCAP mortgage calculator
- Merix Financial mortgage calculator
- Manulife Bank mortgage calculator
Renewing or refinancing with Desjardins?
A renewal offer is usually negotiable, and since November 2024 a straight switch to another lender at renewal no longer requires passing the stress test again. Put the offer against a competing quote in the renewal comparison calculator.
Mortgage agent or broker? Calculators like this one embed on the website you already have, and Mortgage360 campaign landing pages capture the enquiries they start straight into your CRM.