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Home Loans and Rates

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Our home loans — and low home loan rates — are designed to meet your specific home financing needs

Today's low mortgage ratesToday's low mortgage rates

Rates based on a $200,000 loan in ZIP code 92821

$60,000 - $2.5 million

5% or more of purchase price

30-year fixed layer

Rate 3.875%

APR 4.267%

Points 0.488

Monthly Payment $940

15-year fixed layer

Rate 3.000%

APR 3.369%

Points 0.873

Monthly Payment $1,381

5/1 ARM layer variable

Rate 3.625%

APR 3.181%

Points 0.338

Monthly Payment $830

Mortgage rates valid as of date/time and assume borrower has excellent credit (including a credit score of 740 or higher). Estimated monthly payments shown include principal and interest only.ARM interest rates and payments are subject to increase after the initial fixed-rate period (5 years for a 5/1 ARM, 7 years for a 7/1 ARM and 10 years for a 10/1 ARM). Select the About ARM rates link for important information, including estimated payments and rate adjustments.

Rates based on a $200,000 loan in ZIP code 92821

$60,000 - $2.5 million

5% or more of purchase price

 

30-year fixed layer

15-year fixed layer

5/1 ARM layer variable

30 Year Fixed 3.875%

15 Year Fixed 3.000%

5/1 ARM Variable 3.625%

30 Year Fixed 4.267%

15 Year Fixed 3.369%

5/1 ARM Variable 3.181%

30 Year Fixed 0.488

15 Year Fixed 0.873

5/1 ARM Variable 0.338

30 Year Fixed $940

15 Year Fixed $1,381

5/1 ARM Variable $830

Mortgage rates valid as of date/time and assume borrower has excellent credit (including a credit score of 740 or higher). Estimated monthly payments shown include principal and interest only.ARM interest rates and payments are subject to increase after the initial fixed-rate period (5 years for a 5/1 ARM, 7 years for a 7/1 ARM and 10 years for a 10/1 ARM). Select the About ARM rates link for important information, including estimated payments and rate adjustments.

Rate

The rate of interest on a loan, expressed as a percentage.

Annual percentage yield (APR)

The annual cost of a loan to a borrower. Like an interest rate, an APR is expressed as a percentage. Unlike an interest rate, however, it includes other charges or fees (such as mortgage insurance, most closing costs, points and loan origination fees) to reflect the total cost of the loan.

Points

An amount paid to the lender, typically at closing, in order to lower the interest rate. Also known as mortgage points or discount points. One point equals one percent of the loan amount (for example, 2 points on a $100,000 mortgage would equal $2,000).

Monthly Payment (estimated)

The estimated monthly payment includes principal, interest and any required mortgage insurance (for borrowers with less than a 20% down payment). The payment displayed does not include amounts for hazard insurance or property taxes which will result in a higher actual monthly payment. If you have an adjustable-rate loan, your monthly payment may change annually (after the initial period) based on any increase or decrease in the London Interbank Offered Rate (LIBOR) index.

Fixed-rate mortgage

A home loan with an interest rate that remains the same for the entire term of the loan.

Adjustable-rate mortgage (ARM)

Also called a variable-rate mortgage, an adjustable-rate mortgage has an interest rate that may change periodically during the life of the loan in accordance with changes in an index such as the U.S. Prime Rate or the London Interbank Offered Rate (LIBOR). Bank of America ARMs use LIBOR as the basis for ARM interest rate adjustments.

Your monthly payment may fluctuate as the result of any interest rate changes, and a lender may charge a lower interest rate for an initial portion of the loan term. Most ARMs have a rate cap that limits the amount of interest rate change allowed during both the adjustment period (the time between interest rate recalculations) and the life of the loan.

Our calculator is unable to display your results

To recalculate and see results try lowering your purchase price, increasing your down payment or entering a different ZIP code. (Note: We offer a wide range of loan options beyond the scope of this calculator, which is designed to provide results for the most popular loan types.)

Our experienced lending specialists are ready to help you with your financing needs:

Refinance your mortgage with our low refinance rates — and potentially lower your monthly mortgage payment

Today's low refinance ratesToday's low refinance rates

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30-year fixed layer

Rate 3.875%

APR 4.267%

Points 0.488

Monthly Payment $940

15-year fixed layer

Rate 3.000%

APR 3.369%

Points 0.873

Monthly Payment $1,381

5/1 ARM layer variable

Rate 3.625%

APR 3.181%

Points 0.338

Monthly Payment $830

Refinance rates valid as of and assume borrower has excellent credit (including a credit score of 740 or higher). Estimated monthly payments shown include principal and interest only. ARM interest rates and payments are subject to increase after the initial fixed-rate period (5 years for a 5/1 ARM, 7 years for a 7/1 ARM and 10 years for a 10/1 ARM). Select the About ARM rates link for important information, including estimated payments and rate adjustments.

 

30-year fixed layer

15-year fixed layer

5/1 ARM layer variable

30 Year Fixed 3.875%

15 Year Fixed 3.000%

5/1 ARM Variable 3.625%

30 Year Fixed 4.267%

15 Year Fixed 3.369%

5/1 ARM Variable 3.181%

30 Year Fixed 0.488

15 Year Fixed 0.873

5/1 ARM Variable 0.338

30 Year Fixed $940

15 Year Fixed $1,381

5/1 ARM Variable $830

Refinance rates valid as of and assume borrower has excellent credit (including a credit score of 740 or higher). Estimated monthly payments shown include principal and interest only. ARM interest rates and payments are subject to increase after the initial fixed-rate period (5 years for a 5/1 ARM, 7 years for a 7/1 ARM and 10 years for a 10/1 ARM). Select the About ARM rates link for important information, including estimated payments and rate adjustments.

Rate

The rate of interest on a loan, expressed as a percentage.

Annual percentage yield (APR)

The annual cost of a loan to a borrower. Like an interest rate, an APR is expressed as a percentage. Unlike an interest rate, however, it includes other charges or fees (such as mortgage insurance, most closing costs, points and loan origination fees) to reflect the total cost of the loan.

Points

An amount paid to the lender, typically at closing, in order to lower the interest rate. Also known as mortgage points or discount points. One point equals one percent of the loan amount (for example, 2 points on a $100,000 mortgage would equal $2,000).

Monthly Payment (estimated)

The estimated monthly payment includes principal, interest and any required mortgage insurance (for borrowers with less than a 20% down payment). The payment displayed does not include amounts for hazard insurance or property taxes which will result in a higher actual monthly payment. If you have an adjustable-rate loan, your monthly payment may change annually (after the initial period) based on any increase or decrease in the London Interbank Offered Rate (LIBOR) index.

Fixed-rate mortgage

A home loan with an interest rate that remains the same for the entire term of the loan.

Adjustable-rate mortgage (ARM)

Also called a variable-rate mortgage, an adjustable-rate mortgage has an interest rate that may change periodically during the life of the loan in accordance with changes in an index such as the U.S. Prime Rate or the London Interbank Offered Rate (LIBOR). Bank of America ARMs use LIBOR as the basis for ARM interest rate adjustments.

Your monthly payment may fluctuate as the result of any interest rate changes, and a lender may charge a lower interest rate for an initial portion of the loan term. Most ARMs have a rate cap that limits the amount of interest rate change allowed during both the adjustment period (the time between interest rate recalculations) and the life of the loan.

Our calculator is unable to display your results

To recalculate and see results try lowering your purchase price, increasing your down payment or entering a different ZIP code. (Note: We offer a wide range of loan options beyond the scope of this calculator, which is designed to provide results for the most popular loan types.)

Our experienced lending specialists are ready to help you with your financing needs:

Leverage the equity in your home and consolidate debt or pay for major expenses with a home equity line of credit

Today's low home equity rates

Go and get state information

You could enjoy a low variable introductory rate on a home equity line of credit

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We're unable to display rates at this time. We apologize for any inconvenience. Our experienced lending specialists are ready to help you with your financing needs:

Your home equity line of credit made easy

Start online

Submit your secure application online — there’s no fee and no obligation, and it only takes about 15 minutes. Start your application now.

Work with a specialist

Our experienced specialists will help you every step of the way – and if you decide that predictable monthly payments for a fixed term is best for you, they’ll help you with a Fixed-Rate Loan Option.

Complete the process

Save time and securely upload documents online. If approved, you can enjoy the convenience of closing at a financial center of your choice. After that, you can easily access your new home equity line of credit as
you need it.

The home loans process just got easier

Bank of America’s Home Loan Navigator™ lets you view the current status and details of your application online, easily sign and securely submit loan documents and more. Your lending specialist will also be there to help you every step of the way. (Not currently available on certain loan types.)

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866.466.0979

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