BMO mortgage rates
BMO's lowest 5-year fixed rate on its own website was 4.99% (insured) when we read it on Nov 2, 2026. Its lowest variable was 4.35%. The lowest comparable rate we collected anywhere was 4.34% at ATB Financial. BMO's prime rate is 4.70%.
| Term | Lowest special / advertised | Posted | Gap | Payment at special | Payment at posted |
|---|---|---|---|---|---|
| 3-year | 4.94% | — | — | $2,890.97 | — |
| 5-year | 4.99% insured | — | — | $2,905.18 | — |
| BMO 5-yr | 4.99%read Nov 2, 2026 |
|---|---|
| Lowest collected (ATB Financial) | 4.34% |
| Mortgage | $500,000, 25 years, 5-year term |
| Monthly payment, lower → higher rate | $2,723.07 → $2,905.18 |
| Interest difference over 5 years | $15,584 |
Open this example in the calculator →Computed Nov 2, 2026.
All BMO rates we collected
| Term | Type | Insured | Kind | Rate | Fine print | Source |
|---|---|---|---|---|---|---|
| 3-year | Fixed | Not split | special | 4.94% APR 4.97% | Amortization under 25 years. | page |
| 5-year | Variable | Not split | special | 4.35% APR 4.37% | Amortization under 25 years. | page |
| 5-year | Fixed | Insured | special | 4.99% APR 5.01% | 5 year Smart Fixed, default insured. | page |
| 5-year | Fixed | Not split | special | 5.14% APR 5.16% | 5 year Smart Fixed, amortization under 25 years. | page |
Highlighted rows are the lowest special or advertised rate for that term and type among the rows shown. * = the lender's own prime rate plus its stated spread. Collected Nov 2, 2026; check the lender's page before relying on any rate.
Prepayment and penalties
We didn't find BMO's penalty method on the pages we read. It's in your mortgage contract's information box.
Check a BMO posted-rate IRD · full penalty calculator on BankMortgages.ca
About this lender
Bank lending across Canada. Prime rate 4.70% as stated on its site (as of Nov 2, 2026).
BMO's special rates were readable; its posted-rate tables didn't load when we read the page, so no BMO posted rates are recorded.
MortgageRateToday.ca isn't affiliated with BMO and isn't paid by any lender.
Frequently asked questions
What is BMO's 5-year fixed mortgage rate?
On Nov 2, 2026, BMO's own website showed 4.99% (insured) for a 5-year fixed. Rates change often; check the lender's page.
What is BMO's variable mortgage rate?
The lowest closed variable rate on its page was 4.35% for a 5-year term, with BMO's prime at 4.70%.