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Is a new home in your future? Let us help you get there with the right mortgage.

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:

Preferred Rewards customers may qualify for a reduction of $200-$600 in the mortgage origination fee (based on your eligible balances at the time of application).

Learn more about Preferred Rewards

Your home loan made easy

Start online

Prequalify for your dream home, or submit your application through the Bank of America Digital Mortgage Experience™. We help make the process easy and simple.

Visit our Real Estate Center to search for homes and find home values.

Work with a specialist

Our experienced lending specialists — rated 4.9 stars out of 5 on Zillow as of 4/2/18 by thousands of customers like you — will help you every step of the way.

Prepare for closing

Securely upload and e-sign documents using the Home Loan Navigator®.

Keep up to date on the status of your application and view any action items throughout the process.

Home buying just got easier

Bank of America’s Digital Mortgage Experience™ puts you in control. Apply for a new mortgage or refinance your current home with customized terms that meet your needs. See for yourself.

Applying for a mortgage

doesn’t have to be stressful.

Hey honey. Want that house we better get moving.

Okay Dad, I’m already on it.

Bank of America’s Digital Mortgage makes it

simple and easy to apply for your mortgage online

and on your time.

You’re going to need these. We have a lot

of stuff to print out.

Reduce paperwork and save time every step of the

way. You can review loan options and select

features that matter to you, ranging from lower

closing costs to lower monthly payments.

I can’t find my car keys. Have you seen them?

I’ll be right there.

At any point, you can save your application for later.

♫ ♫ ♫

Found them!

Oh great. Let me grab my coat, we’ll run to the bank

and see what they have to offer.

No need to Dad, we’re good.

Honey the rates are low right now we should try to

lock it in if we can.

We can do it right now.

♫ ♫ ♫

What?

Pick up where you left off even on a different device

and lock your rate to avoid the risk of rising rates,

or leave it open and lock later.

♫ ♫ ♫

Alright but what if you have questions?

I can talk to a lending specialist if I want.

♫ ♫ ♫

Oh, I see.

♫ ♫ ♫

You’re in control every step of the way.

We’re all set.

Well, that’s it.

That's it.

Wow, your first house. That really is something.

I couldn’t have done it without you Dad.

When life gets complicated, Bank of America helps

keep it simple. Apply for your Mortgage online today.

♫ ♫ ♫

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