Mortgage calculators
Whether you’re figuring out your payments, shopping for a new home, or deciding if refinancing is the right move, our suite of mortgage calculators has you covered.
Our most popular calculators
Calculate your mortgage payments with ease using our most popular calculators.
Adjustable Rate Mortgage Payments
Get a quick estimate of what your initial payments could be with an adjustable rate mortgage.
Fixed Rate Mortgage Payments
Calculate how much you’d spend each month on your home with a fixed rate mortgage.
Other mortgage calculators
Mortgage Points Comparison
Evaluate the impact of buying mortgage points and how it affects your overall costs.
Extra Mortgage Payments
Find out how much you can save by making extra payments on your mortgage.
Mortgage Interest Payments
Find out your total monthly mortgage payments during the interest-only period.
Mortgage Down Payment
Compare down payment options based on the expected years in your home.
Rent or Own
Calculate your savings to determine whether renting or owning is right for you.
Mortgage Refinancing Savings
Calculate your long-term savings and monthly payments when you refinance your home.
Mortgage Refinancing Cost
Estimate your refinancing costs to make informed decisions about your mortgage.
Mortgage Comparison
Compare mortgage loans and find out which option will save you more money.
Closing Cost
Get an estimate on your closing costs to better prepare for the final steps of your home purchase.
Fixed vs Adjustable Mortgage
Find out whether a fixed or adjustable mortgage is better for you.
Mortgage Insurance Cost
Estimate your mortgage insurance costs based on the details of your home purchase.
15 or 30 Year Term Loan Comparison
Find out whether a 15 or 30 year mortgage term is more suitable for you.
Interest-Only vs Traditional Loan
Compare interest-only and traditional loans and find out which option will save you more money.
Ready to get started?
Apply for a mortgage in 5 minutes and be on your way to securing the financing you need.
Resources and contact us
Speak to a Mortgage Specialist
Looking to get pre-qualified or learn more about mortgages options? We’re here to help.
Explore mortgage options
We offer a variety of mortgage options tailored to fit your lifestyle.
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Get expert insight from our team.
Helpful articles, tips and advice
Explore expert insights and practical tips to navigate your mortgage journey
How do interest-only mortgages work?
Interest-only mortgages can offer lower payments initially, but they could cost more in the long run. Learn more about whether it’s right for you.
Fixed vs adjustable rate mortgages: Which is right for you?
What’s the difference between a fixed and adjustable rate5 mortgage? And which is better for you? We’ve got those answers and more.
What does refinancing mean?
Refinancing your mortgage means renegotiating your existing mortgage loan agreement. Learn how this could help you reach your goals.
Frequently asked questions
Getting pre-qualified may help you get a sense of how much you need to afford a home.1 Learn how you can get pre-qualified right now by getting in touch with a Mortgage Specialist.
Mortgage rates are influenced by interest rates, which can fluctuate depending on the economy. This is determined by the United States Federal Reserve. To learn more about our mortgage options and rates, please visit our mortgage types at a glance page.
Your monthly mortgage payment typically has four parts: loan principal, loan interest, taxes and insurance. Your lender simplifies the process by including these costs into one payment.
The mortgage principal is the amount you borrowed from the lender to buy your house. Your monthly mortgage payment pays off the principal and interest, and you have the option to make extra payments to pay off your principal sooner.
This will depend on everyone’s situation, but generally the mortgage approval process can take from 18 to 40 days. Being as prepared as you can be, whether it’s doing your homework or having the necessary paperwork ready, can help speed up the process.
Mortgage amortization refers to the total amount of time it will take to pay your mortgage in full. The mortgage terms typically ranges from 15-30 years, with the most common being 25 years.
footnote 1 details Calculator is provided by Leadfusion Inc., which is not affiliated with BMO. The calculator provides estimates. We do not guarantee their accuracy or applicability to your circumstances. Results depend on many factors, including the assumptions you provide. Leadfusion may have different privacy and security standards than BMO. Visit its website at www.leadfusion.com to review its privacy policy.
Footnote 5 details Your initial interest rate is fixed for a short period of time, and then converts to a variable rate that adjusts during the life of your loan. The amount of your payments will change when the interest rate changes. Historical performance of Adjustable Rate Mortgage (ARM) indexes does not predict future performance and is only one factor to consider when choosing a mortgage loan. Certain restrictions and fees may apply.