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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

Get a custom rate

$ 

$60,000 - $2.5 million

$ 

5% or more of purchase price

30-year fixed layer

Rate X.XXX%

APR X.XXX%

Points X.XXX

Monthly Payment $XXXX

15-year fixed layer

Rate X.XXX%

APR X.XXX%

Points X.XXX

Monthly Payment $XXXX

5/1 ARM layer variable

Rate X.XXX%

APR X.XXX%

Points X.XXX

Monthly Payment $XXXX

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, interest and (if applicable) any required mortgage insurance. 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

Get a custom rate

$ 

$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 X.XXX%

15 Year Fixed X.XXX%

5/1 ARM Variable X.XXX%

30 Year Fixed X.XXX%

15 Year Fixed X.XXX%

5/1 ARM Variable X.XXX%

30 Year Fixed X.XXX

15 Year Fixed X.XXX

5/1 ARM Variable X.XXX

30 Year Fixed $XXXX

15 Year Fixed $XXXX

5/1 ARM Variable $XXXX

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, interest and (if applicable) any required mortgage insurance. 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

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

Get a custom rate

$ 

Estimate your home value

$ 

Balance left on your mortgage

30-year fixed layer

Rate X.XXX%

APR X.XXX%

Points X.XXX

Monthly Payment $XXXX

15-year fixed layer

Rate X.XXX%

APR X.XXX%

Points X.XXX

Monthly Payment $XXXX

5/1 ARM layer variable

Rate X.XXX%

APR X.XXX%

Points X.XXX

Monthly Payment $XXXX

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, interest and (if applicable) any required mortgage insurance. 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

Get a custom rate

$ 

Estimate your home value

$ 

Balance left on your mortgage

 

30-year fixed layer

15-year fixed layer

5/1 ARM layer variable

30 Year Fixed X.XXX%

15 Year Fixed X.XXX%

5/1 ARM Variable X.XXX%

30 Year Fixed X.XXX%

15 Year Fixed X.XXX%

5/1 ARM Variable X.XXX%

30 Year Fixed X.XXX

15 Year Fixed X.XXX

5/1 ARM Variable X.XXX

30 Year Fixed $XXXX

15 Year Fixed $XXXX

5/1 ARM Variable $XXXX

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, interest and (if applicable) any required mortgage insurance. 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

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:

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 Footnote

Go and get state information

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

Limited-time offer

Our low variable intro rate on a home equity line of credit ends March 31, 2018.

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Special Introductory variable APRVariable APR for 12 months

After the first 12 months:

As a Bank of America customer, you may qualify for multiple interest rate discounts.

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Variable APRVariable APR after the introductory period

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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 centerfinancial center of your choice. After that, you can easily access your new home equity line of credit as
you need it.

Talk to
Talk to your lending specialist
your lending specialist:
from your lending specialist:

Home buying just got easier

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