* The APR for the 3-year variable rate (open) term is equal to our Prime Rate + 1.00%. The APR for the 5-year variable rate (closed) term is equal to our Prime Rate plus 0.10%. Each APR is for a mortgage of $100,000 with monthly payments and a 25-year amortization. APR assumes no fee(s) apply. If we require you to obtain an appraisal, the appraisal fee would increase your APR. The interest rate for a fixed rate mortgage is calculated half-yearly not in advance. The interest rate for a variable rate mortgage is calculated monthly not in advance. Offers may be changed, withdrawn or extended at any time without notice. Applications are subject to meeting Bank of Montreal's usual credit criteria.