from bank of america find competitive home loan rates and get the knowledge you need to help you make informed decisions . home loan home loans home loan rates home loan interest rates home loan rate current home loan rates current home loan interest rates today s home loan rates bank of america sign in sign in en espa ol search term show menu of related links bank of america home locations contact us help en espa ol top home loans links home loans mortgage refinance home equity other home loans links today s mortgage rates today s refinance rates today s home equity rates closing costs calculator mortgage calculator mortgage refinance calculator home equity calculator home value estimator learn about mortgages learn about home refinancing learn about home equity learn about mortgages learn about home refinancing learn about home equity manage your loan home loans and rates what are your home loan goals i want to ... buy a homelower my monthly mortgage paymentpay off my mortgage sooneruse my home s equity for a major expenseconsolidate debt let us help find the home loan that s right for you failure get a call back from one of our mortgage specialists your contact information required your first name input your first name your last name input your last name your phone number input your phone number your zip code your email address by submitting this form you authorize bank of america to contact you at the telephone number or email provided here even if you ve previously registered on a do not call registry or requested that we not send you marketing information by email . you agree we may use an auto dialer to reach you . you understand that you are not required to consent to receiving autodialed calls texts as a condition of purchasing any bank of america products or services . any cellular mobile telephone number you provide may incur charges from your mobile service provider . submit cancel mortgages refinancing home equity please wait a moment while we retrieve our low rates our home loans and low home loan rates are designed to meet your specific home financing needs prequalify now learn more or prequalify now learn more about mortgages or talk to a mortgage specialist at 866.466.0979 or schedule an appointment today s low mortgage rates today s low mortgage rates rates based on a 200 000 loan in zip code 92821 purchase price purchase price 60 000 2.5 million down payment down payment 5 % or more of purchase price zip code input zip code update rates cancel rate layer apr layer points layer monthly payment layer 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 about arm rates 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 . 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 . loan assumptions and disclosures rates based on a 200 000 loan in zip code 92821 purchase price purchase price 60 000 2.5 million down payment down payment 5 % or more of purchase price zip code input zip code update rates cancel 30 year fixed layer 15 year fixed layer 5 1 arm layer variable rate layer 30 year fixed 3.875 % 15 year fixed 3.000 % 5 1 arm variable 3.625 % apr layer 30 year fixed 4.267 % 15 year fixed 3.369 % 5 1 arm variable 3.181 % points layer 30 year fixed 0.488 15 year fixed 0.873 5 1 arm variable 0.338 monthly payment layer 30 year fixed 940 15 year fixed 1 381 5 1 arm variable 830 about arm rates 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 . 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 . loan assumptions and disclosures 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 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 mortgage specialists are ready to help you with your financing needs 866.466.0979 get a call back layer schedule an appointment 866.466.0979 get a call back layer schedule an appointment important rate and payment information chart data is for illustrative purposes only and is subject to change without notice . advertised apr is based on a set of loan assumptions that include a borrower with excellent credit 740 credit score or higher ; your actual apr may differ depending on your credit history and loan characteristics . accuracy is not guaranteed and products may not be available for your situation . payments shown here are calculated on the basis of principal and interest only and do not include taxes and home insurance which will result in higher monthly payments . borrowers making a down payment of less than 20 % may require mortgage insurance which could increase the monthly payment and apr. 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 . refinance your mortgage with our low refinance rates and potentially lower your monthly mortgage payment prequalify now learn more or prequalify now learn more about refinance or talk to a mortgage specialist at 866.466.0979 or schedule an appointment today s low refinance rates today s low refinance rates rates based on a loanamount loan in zip code zipcode change zip code layer change your zip code please tell us where you bank so we can give you accurate rate and fee information for your location . zip code input zip code go rate layer apr layer points layer monthly payment layer 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 about arm rates 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 . 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 . loan assumptions and disclosures 30 year fixed layer 15 year fixed layer 5 1 arm layer variable rate layer 30 year fixed 3.875 % 15 year fixed 3.000 % 5 1 arm variable 3.625 % apr layer 30 year fixed 4.267 % 15 year fixed 3.369 % 5 1 arm variable 3.181 % points layer 30 year fixed 0.488 15 year fixed 0.873 5 1 arm variable 0.338 monthly payment layer 30 year fixed 940 15 year fixed 1 381 5 1 arm variable 830 about arm rates 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 . 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 . loan assumptions and disclosures 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