Mortgage Calculator

Calculate your mortgage payments and determine the interest cost over the life of your mortgage with our easy-to-use mortgage payment calculator. Plus, find out how changing your mortgage payment frequency and making additional payments can help you pay down your mortgage faster.

Payment Amount

Amortization Period

Amortization Period

Years

Payment Amount

Mortgage Amount

Mortgage Term

• 6 month Fixed (convertible)
• 6 month Fixed (open)
• 1 year Fixed (closed)
• 1 year Fixed (open)
• 2 year Fixed (closed)
• 3 year Fixed (closed)
• 4 year Fixed (closed)
• 5 year Fixed (closed)
• 5 year Low Rate Fixed (closed)
• 5 year BMO Eco Smart Mortgage™ Fixed (closed)
• 6 year Fixed (closed)
• 7 year Fixed (closed)
• 10 year Fixed (closed)
• 10 year Low Rate Fixed (closed)
• 18 year Fixed (open)
• 3 year Variable (open)
• 5 year Variable (closed)

Interest Rate

%

Payment Frequency

Monthly Semi-Monthly Bi-Weekly Weekly Accelerated Bi-Weekly Accelerated Weekly

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Monthly payment

Amortization Period

Interest Cost for the Term

Balance at the end of term

Interest Cost at Amortization

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In these calculations we assume the following: (1) the interest rate is the same for the entire amortization period, (2) interest is compounded half-yearly for fixed interest rates and monthly for variable interest rates; and (3) the payment schedule you selected is maintained with no additional payments or skipped payments, unless selected by you. This table reflects the information you enter.

These calculations are approximate and for information purposes only. Actual payment amounts may differ and will be determined at the time of your application. Please do not rely solely on this information or result when making financial decisions; please visit your branch or speak to a mortgage specialist.