These calculations are approximate and for information purposes only. Actual payment amounts may differ and will be determined at the time of your application. Please do not rely solely on this information or result when making financial decisions; please visit your BMO branch or speak to a BMO mortgage specialist.
Amortization can only be entered in full years (not months or partial years).
When you enter information in the calculator, it is important to consider the following elements.
Down payment
Minimum down payment of 5% on the portion of the purchase price less than or equal to $500,000
Minimum down payment of 10% on the portion of the purchase price greater than $500,000
Minimum down payment of 20% on purchase price greater than $1,000,000
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Description of the property For rent
Rental offer must be completed by the future tenant and must submit to an up-to-date credit check, a letter of employment, reference of previous owner, the result must be to the complete satisfaction of the owner. No pets or smokers.suitable for senior or retired only
