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BMO Bank Of Montreal

8.15% 3 Year Variable Open

Type: Bank
Serviced provinces: All Provinces
A Canadian-based North American bank, established in 1817, BMO® Financial Group is highly diversified. We work with millions of personal, commercial, corporate and institutional customers through our operating groups: Personal and Commercial Banking Canada, Personal and Commercial Banking U.S., Private Client Group and BMO Capital Markets. Our employees are dedicated to making BMO the bank that defines great customer experience. Our approach is relationship-driven. In every business, our focus is on customers – and on always improving our overall performance. We are proud of what we do and where we work. And we believe in giving back. This is who we are.
Mortgage Features
Minimum mortgage amount: $50,000
Rate guarantee period: 180 days
Max Amortization: 35 years
Allowable lump sum repayment: Up to 20%
Maximum payment increase: Up to 20%
Payment Holidays: Up to 4 months
High Ratio:
Payment Details
Monthly payment*: $711.35
Principal repayment over term*: $1,761.03
Interest paid over term*: $23,847.51
* Based on $100,000 mortgage and 35 years amortization.
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