Bank of Montreal 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
AlbertaBritish ColumbiaNew BrunswickNewfoundland and LabradorNova ScotiaOntarioPrince Edward IslandSaskatchewan
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
3.59%
2 Year
3.29%
3 Year
2.96%
4 Year
3.14%
5 Year
3.19%
6 Year
3.84%
7 Year
3.89%
10 Year
4.48%
Variable Rates
5 Year
3.30%
Fixed Rates
1 Year
3.59%
2 Year
3.29%
3 Year
2.96%
4 Year
3.14%
5 Year
3.19%
6 Year
3.84%
7 Year
3.89%
10 Year
4.48%
Variable Rates
5 Year
3.30%
Fixed Rates
1 Year
3.59%
2 Year
3.29%
3 Year
2.96%
4 Year
3.14%
5 Year
3.19%
6 Year
3.84%
7 Year
3.89%
10 Year
4.48%
Variable Rates
5 Year
3.30%
Fixed Rates
1 Year
3.59%
2 Year
3.29%
3 Year
2.96%
4 Year
3.14%
5 Year
3.19%
6 Year
3.84%
7 Year
3.89%
10 Year
4.48%
Variable Rates
5 Year
3.30%
Fixed Rates
1 Year
3.59%
2 Year
3.29%
3 Year
2.96%
4 Year
3.14%
5 Year
3.19%
6 Year
3.84%
7 Year
3.89%
10 Year
4.48%
Variable Rates
5 Year
3.30%
Fixed Rates
1 Year
3.59%
2 Year
3.29%
3 Year
2.96%
4 Year
3.14%
5 Year
3.19%
6 Year
3.84%
7 Year
3.89%
10 Year
4.48%
Variable Rates
5 Year
3.30%
Fixed Rates
1 Year
3.59%
2 Year
3.29%
3 Year
2.96%
4 Year
3.14%
5 Year
3.19%
6 Year
3.84%
7 Year
3.89%
10 Year
4.48%
Variable Rates
5 Year
3.30%
Fixed Rates
1 Year
3.59%
2 Year
3.29%
3 Year
2.96%
4 Year
3.14%
5 Year
3.19%
6 Year
3.84%
7 Year
3.89%
10 Year
4.48%
Variable Rates
5 Year
3.30%
?
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 Bank of Montreal Mortgages

The Bank of Montreal (sometimes called the BMO Financial Group) is a multinational investment banking institution and a financial services company, which translates into countless services & products for both the private & commercial sectors. Are you curious about a new mortgage? Or are you 'shopping around' for home equity loans, mortgage refinancing, a second mortgage, or a mortgage renewal? If you are interested in any of these, then you have redirected your focus on the right financial institution...the Bank of Montreal. There are big benefits to perusing the website, as it offers home buyers simplistic access to the Bank of Montreal mortgage calculator, as well as other mortgage-related calculators and in-depth mortgage information about the mortgage products available. Do you know what your borrowing power is? You can find out with our affordability calculator. Do you want to compare different mortgage types & loan amount scenarios? You can work this out with our comparison calculator. Competitive mortgage interest rates and comfortable mortgage products that 'fit like a glove' makes the Bank of Montreal a 'go to' lender for many home buyers. Doors open and opportunities unfold for home buyers that wish to enter the mortgage market with confidence when working directly with one of the mortgage professionals available to you at the Bank of Montreal.
The Bank of Montreal mortgage calculator is a great tool to use, especially for people that have never indulged in a mortgage before. Besides using the tools and learning about different mortgage products via the website, home buyers should know some of the points of interest to any lender when it comes time to apply for a mortgage loan. All lenders across the board appreciate it when a borrower lowers the risk level of the amount being borrowed, in other words, the more prepared you are financially with income, savings, good credit rating, little to no debt, and a saved down payment, the more risk the home buyer assumes. When a home buyer is not presenting a prepared position financially, this heightens the risk to the lender, in other words, the home buyer needs to borrow MORE money to cover the purchase price of the home, closing costs, and so on. A lender can offer more mortgage products to home buyers that are prepared to take on such a sizeable loan, such as a conventional mortgage (this is offered to borrowers that have at least a 20% down payment saved, not borrowed, to place up against the loan based on the value of the home).

Contact Us

First Name
Last Name
Email
Phone
Message (Optional)
OR CALL
1.877.896.6727