BMO Harris Mortgage Rates and Calculators


BMO Harris Online Banking » BMO Harris Mortgage Rates and Calculators

BMO Harris mortgage calculators allow users to determine various mortgage loan payment information such as amortization details, how much savings they might accrue from altering the terms of their mortgage, how much money refinancing will save them, what size of a mortgage they can afford, etc. For an overview of all the mortgage loans offered by BMO Harris, click here.

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Rates

Individuals interested in applying for a mortgage with BMO Harris can use the mortgage rates tool to receive an accurate estimate of all the fees (including rates) of the loans they are eligible for. Simply enter the required information into the blank entry fields, and then click the ‘Get Quotes’ button to receive the rate estimates. For answers to questions regarding BMO Harris’s mortgage offers, individuals can contact a lending support representative at 1(888)-482-3781, Monday through Friday from 8:00 AM to 6:00 PM (CST), or visit a mortgage lending center.

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Calculators

Note: To the right of each of calculator overview is a screenshot of that calculator, click the screenshot or one of the links to be taken to that calculator.

How to Calculate

This calculator determines how much the monthly payments will be on a mortgage. Enter these inputs into their associated fields within the calculator:

  • Loan amount
  • Appraised value
  • Term length in years
  • Interest rate
  • Annual property tax
  • Annual property insurance

Click on the ‘Calculate’ button, or the ‘Results’ tab to view the results of the calculation.

The ‘ARM Payments’ calculator determines how much the payments will be for an Adjustable Rate Mortgage. Enter the following details into the calculator:

  • Loan amount
  • Appraised value
  • Term length in years
  • Annual property insurance

  • Annual property tax
  • State/federal tax rate
  • Number of months prior to initial adjustment
  • Initial interest rate
  • Number of months between rate adjustments
  • Maximum rate adjustment
  • Minimum rate
  • Maximum rate
  • Margin percentage
  • Index rate percentage
  • Months between adjustments
  • Index rate change per adjustment

Once the above details have been entered into the appropriate fields, click the ‘Calculate’ button to view the results.

Calculates how advantageous extra payments will be on existing mortgage. Enter the following inputs:

  • Loan amount
  • Appraised value term length in years
  • Annual property tax

  • Annual property insurance
  • Interest rate
  • Extra monthly payment amount
  • Months remaining until start of extra payments

Either click the ‘Results’ tab or the ‘Calculate’ button to load the results page.

Determines how large of a mortgage an individual might be able to qualify for, based on these variables:

  • Down payment amount
  • Total monthly payment
  • Term length in years
  • Interest rate
  • Loan to value ratio
  • Annual property tax
  • Annual property insurance

Once the above variables have been entered into the calculator, click the ‘Calculate’ button.

This calculator provides the user with the amount needed to put down on a new home. Enter these inputs:

  • Down payment
  • Interest rate
  • Origination charge
  • Charge for Specific Interest Rate
  • Other settlement services
  • Savings rate
  • State+federal tax rate
  • Purchase price
  • Annual property tax
  • Annual property insurance
  • Years before sell/pay off loan

When the above inputs have been entered, click on the ‘Calculate’ button to view the results.

Determines how much money can be saved (annually) on taxes, as well as the rate adjusted by tax savings. The following inputs are required for an accurate estimate:

  • Term length in years

  • Interest rate
  • Origination charge
  • Specific Interest Rate Charge (%)
  • Other settlement services
  • State/federal tax rate
  • Appraised value
  • Annual property tax
  • Annual property insurance

Click the ‘Calculate’ button once the above inputs are entered.

Compares the associated costs of purchasing a property versus renting one. Enter the following details into the calculator:

  • Monthly rent
  • Monthly renter’s insurance
  • Annual rent increase/decrease percentage
  • Purchase price
  • Appreciation/depreciation rate
  • Savings rate
  • State and federal tax rate

  • Years before selling/paying off loan
  • Loan amount
  • Term length in years
  • Interest rate
  • Origination charge
  • Specific Interest Rate charge
  • Other settlement services
  • Annual property tax
  • Annual maintenance costs
  • Annual property insurance
  • Selling costs (% of sale price)

Either press the ‘Results’ tab or the ‘Calculate’ button to load the results page.

Determines closing costs details by using the following inputs:

  • Purchase price
  • Amount of loan
  • Term length in years
  • Interest rate

  • Origination charge
  • Specific Interest Rate charge
  • Appraisal value
  • Credit report
  • Flood certification
  • Tax service
  • Title/lender’s title insurance services
  • Owner’s title insurance
  • Government recording charge(s)
  • Transfer tax fees
  • Survey
  • Pest inspection
  • Annual property tax
  • Annual property insurance

Click the ‘Calculate’ button or the ‘Results’ tab to view the results of the calculation.

Determines how an individual can lower their mortgage insurance costs. Enter the following details into the calculator for an accurate estimate:

  • Term length in years
  • Interest rate
  • Appraised value
  • Annual property tax
  • Annual property insurance

Users can click on the ‘Results’ tab or the ‘Calculate’ button to view their results.

Compares the costs of two loans, and determines which is the better option. The following inputs are required for an accurate estimate:

  • Term length in years
  • Interest rate
  • Origination charge
  • Specific Interest Rate charge
  • Other settlements
  • Months before initial adjustment
  • Months between adjustments
  • Maximum rate adjustment

  • Minimum rate
  • Maximum rate
  • Margin
  • Index rate
  • Index rate change per adjustment
  • Months between index adjustments
  • Amount of loan
  • Purchase price
  • State/federal tax rate
  • Annual property tax
  • Annual property insurance
  • Years before selling/paying off loan
  • Savings rate

Once the above inputs have been entered, click the ‘Calculate’ button.

Calculates how much savings one might be able to attain from refinancing their mortgage. Enter the following:

  • Original loan amount
  • Original term length in years

  • Years already paid off
  • Balloon year (if none enter zero)
  • Interest rate
  • New loan term length in years
  • Balloon year
  • Origination charge
  • Specific Interest Rate charge
  • Other settlement services
  • Interest rate
  • Appraised value
  • Annual property tax
  • Annual property insurance
  • Savings rate
  • State/federal tax rate
  • Years before selling

Click on the ‘Calculate’ button to view the results.

This calculator will determine the various costs of refinancing a mortgage, by using the following inputs:

  • Purchase price

  • Amount of loan
  • Term length in years
  • Interest rate
  • Origination charge
  • Specific Interest Rate charge
  • Other settlement services
  • (Required services selected by the lender)
  • Annual property tax
  • Annual property insurance

Once the above inputs have been entered into the appropriate fields, click on the ‘Calculate’ button.

 

 

 

 

 

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