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Is a lower rate worth the annual fee?

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View Glossary Term: 'Introductory interest rate' in a new browser window.Introductory interest rate
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View Glossary Term: 'Introductory term (months)' in a new browser window.Introductory term (months)
Regular interest rate
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Introductory annual fee
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Regular annual fee
$$

Amount you owe
$
View Glossary Term: 'Future monthly charges' in a new browser window.Future monthly charges
$
View Glossary Term: 'Future monthly payments' in a new browser window.Future monthly payments
$
Learn more about this calculator ››

Learn more about this calculator.

Important note about this calculator

The results provided by this calculator are intended for comparative purposes only and accuracy is not guaranteed. Many lenders, including Bank of America, use lower loan-to-value (LTV) ratios based on property type, such as investment properties and manufactured housing. In addition, in certain circumstances higher loan amounts in excess of $500,000 may exceed the maximum for total allowable. This calculator does not ensure the availability of or your eligibility for any specific product offered by Bank of America, its affiliates or any other financial institution. If you have questions, contact us to determine your eligibility for a specific home equity loan or line of credit.

This calculator is not intended to offer any tax, legal or financial advice. Please consult with qualified professionals to discuss your situation.