BMO mortgage rates
BMO's lowest 5-year fixed rate on its own website was 4.99% (insured) when we read it on Nov 13, 2026. Its posted 5-year rate was 6.09%, 1.10 points higher. Its lowest variable was 4.35%. The lowest comparable rate we collected anywhere was 4.34% at ATB Financial.
What are BMO's mortgage rates by term?
| Term | Lowest special / advertised | Posted | Gap | Payment at special | Payment at posted |
|---|---|---|---|---|---|
| 6-month | — | 5.49% | — | — | $3,049.05 |
| 1-year | — | 5.49% | — | — | $3,049.05 |
| 2-year | — | 4.94% | — | — | $2,890.97 |
| 3-year | 4.94% | 6.05% | 1.11 pts | $2,890.97 | $3,213.91 |
| 4-year | — | 5.99% | — | — | $3,196.06 |
| 5-year | 4.99% insured | 6.09% | 1.10 pts | $2,905.18 | $3,225.83 |
| 6-year | — | 6.29% | — | — | $3,285.72 |
| 7-year | — | 6.40% | — | — | $3,318.87 |
| 10-year | — | 6.80% | — | — | $3,440.56 |
What does BMO's 5-year rate cost on $500,000?
| BMO special | 4.99%read Nov 13, 2026 |
|---|---|
| BMO posted | 6.09% |
| Mortgage | $500,000, 25 years, 5-year term |
| Monthly payment, lower → higher rate | $2,905.18 → $3,225.83 |
| Interest difference over 5 years | $26,523 |
Open this example in the calculator →Computed Nov 13, 2026.
Which BMO rates did we collect, and from which page?
| Term | Type | Insured | Kind | Rate | Fine print (the lender's words) | Source |
|---|---|---|---|---|---|---|
| 6-month | Fixed | Not split | posted | 5.49% APR 5.67% | — | page |
| 1-year | Fixed | Not split | posted | 5.49% APR 5.58% | All posted rates | page |
| 2-year | Fixed | Not split | posted | 4.94% APR 4.98% | All posted rates | page |
| 3-year | Fixed | Not split | special | 4.94% APR 4.97% | — | page |
| 3-year | Fixed | Not split | posted | 6.05% APR 6.08% | All posted rates | page |
| 4-year | Fixed | Not split | posted | 5.99% APR 6.01% | All posted rates | page |
| 5-year | Variable | Not split | special | 4.35% APR 4.37% | — | page |
| 5-year | Variable | Not split | posted | 4.70% APR 4.72% | — | page |
| 5-year | Fixed | Insured | special | 4.99% APR 5.01% | — | page |
| 5-year | Fixed | Not split | special | 5.14% APR 5.16% | — | page |
| 5-year | Fixed | Not split | posted | 6.09% APR 6.11% | All posted rates | page |
| 6-year | Fixed | Not split | posted | 6.29% APR 6.31% | All posted rates | page |
| 7-year | Fixed | Not split | posted | 6.40% APR 6.41% | All posted rates | page |
| 10-year | Fixed | Not split | posted | 6.80% APR 6.81% | All posted rates | 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 13, 2026; check the lender's page before relying on any rate.
How does BMO charge to break a mortgage early?
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 13, 2026).
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 13, 2026, BMO's own website showed 4.99% (insured) for a 5-year fixed and a posted 5-year fixed rate of 6.09%. 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%.