Rate
Five Year5.00%
Variable Mortgage Rate
Key Details
Rate Hold | 130 Days (May 03) | |
Payment | $1866 (Customize) | |
Prepayments | 20% / 20% |
Mortgage Info
Rate Hold | 130 Days (May 03) |
Lump Prepayments | 20% |
Payment Increase | 20% |
Double-up Payments | No |
Permitted Loan-to-Value | Up to 95% |
Pre-approvals | Yes |
Provider Type | Bank |
Provinces Served | National |
More Details
Minimum Mortgage | Inquire |
Max Property Value | Inquire |
Open | No |
Max Amortization | 25 Years |
On Ratespy Since | May 29, 2018 |
Rate History
Last Updated | Jul 14, 2023 |
Previous Update | -- |
Prior Rate | 6.00% |
Latest Rate Change | -1.00% |
Rate ID # | 349 |
Payment Information
Mortgage Amount | |
Amortization (years) | |
Monthly Payments | |
All BMO Bank of Montreal mortgage rates |
Rate History
How It Compares
- The lowest 5-year variable rate as of December 24, 2024
Provider Notes
Check this provider's website for complete details.
Rate Notes
This is the bank's official special offer rate. Lower discretionary rates may be available to well-qualified borrowers.
The 5-year variable special rate (closed) term is equal to our Prime Rate ? 0.20%. The Annual Percentage Rate (APR) is based on a $350,000 mortgage, 25-year amortization and an appraisal fee of $300, which may be required to complete your lending application. Mortgage funds must be advanced within 130 days from the date of application. Appraisal fees are subject to change. An increase in the appraisal fee may result in an increase to the APR. This offer may be changed, withdrawn or extended at any time without notice. The interest rate for a variable rate mortgage is calculated monthly, not in advance. Applications are subject to meeting BMO's usual credit criteria. Some conditions may apply. This offer is not available for renewals of existing BMO mortgages.
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