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Affordability Calculator



Find out how much you can afford

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You can look for homes priced around:
 
 
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You can look for homes priced around:
 
 
Monthly payment
 
Mortgage amount
 
Default insurance
We’ll hold a rate of | 1 APR on a a 5-Year Closed BMO Smart Fixed Mortgage for you when you complete the pre-approval or approval process with a BMO Mortgage Specialist within 7 days of receiving this confirmation.
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Hold your special mortgage rate with our BMO Affordability Calculator
Try the BMO Mortgage Affordability Calculator!1
  • See how much home you may be able to afford
  • It only takes a couple minutes and won’t affect your credit score
  • Connect with your local BMO Mortgage Specialist
  • We’ll hold our special | 2 rate for you on a 5-Year Closed BMO Smart Fixed Mortgage when you get pre-approved with a BMO Mortgage Specialist within 7 days of receiving confirmation from our Affordability Calculator.
1 The results are calculated and generated based on the accuracy and completeness of the data and information you have entered and are only an estimate. The results are intended for illustrative and general information purposes only, and do not constitute, nor should they be relied upon as, financial or other advice. The results cannot be interpreted as a mortgage pre-qualification, approval or pre-approval. A separate application for a mortgage pre-approval or approval will be required to obtain a mortgage with BMO. The mortgage affordability is intended for single owner occupied residential mortgages only. Individuals who are self-employed or who are interested in a mortgage for a rental property should speak to a BMO Mortgage Specialist.

2 Pre-approval or approval must be completed within seven (7) days of receiving confirmation from our Affordability Calculator in order to be eligible for the special rate of | APR (the “Special Rate”). The Special Rate is available only on the 5-Year Closed BMO Smart Fixed Mortgage. 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. Applications are subject to meeting BMO's usual credit criteria. Some conditions may apply. This offer is not available for refinance or renewals of existing BMO mortgages. Other restrictions may apply.