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Refinance Rates

Prequalification takes about 5 minutes
Prequalification takes about 5 minutes

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Today's low refinance ratesToday's low refinance rates

View current refinance rates for fixed-rate and adjustable-rate mortgages, and get a custom rate

Rates based on a ${{{loanAmount}}} loan in ZIP code {{{zipCode}}} | Change ZIP code layer

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30-year fixed layer

Rate 3.875%

APR 4.267%

Points 0.488

Monthly Payment $940

20-year fixed layer

Rate 3.000%

APR 3.369%

Points 0.873

Monthly Payment $1,381

15-year fixed layer

Rate 3.625%

APR 3.181%

Points 0.338

Monthly Payment $1,318

10/1 ARM layer

Rate 3.625%

APR 3.181%

Points 0.338

Monthly Payment $1,318

Rate 3.625%

APR 3.181%

Points 0.338

Monthly Payment $1,318

Rate 3.625%

APR 3.181%

Points 0.338

Monthly Payment $830

Refinance 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. 5/1 ARM interest rate and payment subject to increase after 5 years. Select the About ARM rates link for important information, including estimated payments and rate adjustments.

30-year fixed layer

Rate 3.875%

APR 4.267%

Points 0.488

Monthly Payment $940

20-year fixed layer

Rate 3.000%

APR 3.369%

Points 0.873

Monthly Payment $1,381

15-year fixed layer

Rate 3.625%

APR 3.181%

Points 0.338

Monthly Payment $1,318

10/1 ARM layer

Rate 3.625%

APR 3.181%

Points 0.338

Monthly Payment $1,318

Rate 3.625%

APR 3.181%

Points 0.338

Monthly Payment $1,318

Rate 3.625%

APR 3.181%

Points 0.338

Monthly Payment $830

Refinance 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. 5/1 ARM interest rate and payment subject to increase after 5 years. 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 (or home equity loan) 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 mortgage specialists are ready to help you with your financing needs:

Get more with Bank of America home loans

  • A no-cost, no-obligation prequalification request that takes about 5 minutes
  • Experienced mortgage specialists to help you every step of the way
  • Easily manage the entire process online through Home Loan Navigator

Thinking about cash out?

Before deciding to take extra cash out when refinancing, understand how much equity you have in your home.

Estimate your home's value

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Sat. 8 a.m.-6:30 p.m. ET

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