Reviewed by: David Chen, CFA
David Chen is a Certified Financial Analyst with over 10 years of experience in Canadian credit-union mortgage products and caisse populaire lending guidelines.
David Chen is a Certified Financial Analyst with over 10 years of experience in Canadian credit-union mortgage products and caisse populaire lending guidelines.
Use this free mortgage calculator caisse populaire to estimate your monthly payment, total interest and CMHC/CMHC-equivalent insurance premium for Quebec credit-union loans.
Mortgage Calculator Caisse Populaire
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Caisse Populaire Mortgage Formula
Monthly P&I: M = (P + PMI) × [ r(1+r)^n ] / [ (1+r)^n – 1 ]
CMHC Premium: % based on LTV (up to 4.00%)
Formula Sources: CMHC | Desjardins
Variables
- Purchase Price: Contract price of the Quebec property.
- Down Payment: Minimum 5% for caisse populaire; determines CMHC tier.
- Amortization: 25 years max for insured mortgages; 30 for 20% down.
- Rate: Posted or discounted credit-union rate.