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To receive your loan estimate, please call one of our lending specialists at 866.466.0979 during our normal operating hours (Mon-Fri 8 a.m. - 10 p.m. ET, Sat 8 a.m. - 6:30 p.m. ET). The loan estimate will tell you what we expect to offer you if you decide to move forward, but does not represent a loan approval.
You can also use our Closing Cost Calculator to estimate your total closing expenses for purchasing a home.
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Resources and tools
Mortgage calculator
Closing costs calculator
Affordability Calculator
Find a home
Information for first-time homebuyers
Today's competitive
mortgage rates† scroll to rates disclosure
Rates based on a $200,000 loan inZIPcode95464
Mortgage Rates Table
Ratepopup
APRpopup
Pointspopup
Monthly paymentpopup
30-year fixedpopup
Rate X.XXX%
APR X.XXX%
Points X.XXX
Monthly Payment $XXXX
15-year fixedpopup
Rate X.XXX%
APR X.XXX%
Points X.XXX
Monthly Payment $XXXX
5y/6m ARMpopup variable
Rate X.XXX%
APR X.XXX%
Points X.XXX
Monthly Payment $XXXX
About ARM rates
Rates based on a $200,000 loan inZIPcode95464
Mortgage Rates Table
30-year fixedpopup
15-year fixedpopup
5y/6m ARMpopup variable
Ratepopup
30 Year Fixed X.XXX%
15 Year Fixed X.XXX%
5y/6m ARM Variable X.XXX%
APRpopup
30 Year Fixed X.XXX%
15 Year Fixed X.XXX%
5y/6m ARM Variable X.XXX%
Pointspopup
30 Year Fixed X.XXX
15 Year Fixed X.XXX
5y/6m ARM Variable X.XXX
Monthly paymentpopup
30 Year Fixed $XXXX
15 Year Fixed $XXXX
5y/6m ARM Variable $XXXX
About ARM rates
Rate
The rate of interest on a loan, expressed as a percentage.
Annual Percentage Rate (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 once every six months (after the initial period) based on any increase or decrease in the Secured Overnight Financing Rate (SOFR) index, published daily by the New York Fed. Note: Bank of America is not affiliated with the New York Fed. The New York Fed does not sanction, endorse, or recommend any products or services offered by Bank of America.
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. Treasury-Index (T-Bill) or the Secured Overnight Financing Rate (SOFR) published daily by the New York Fed. Bank of America ARMs generally use SOFR as the basis for ARM interest rate adjustments. Note: Bank of America is not affiliated with the New York Fed. The New York Fed does not sanction, endorse, or recommend any products or services offered by Bank of America.
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.
We need additional information
In order to provide you with the best possible rate estimate, we need some additional information. Please contact us in order to discuss the specifics of your mortgage needs with one of our home loan specialists.
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 scenarios. If you have flexible options, try lowering your purchase price, changing your down payment amount or entering a different ZIP code.
866.466.0979
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The Preferred Rewards program is our way of rewarding you for what you already do.
Preferred Rewards members may qualify for an origination fee or interest rate reduction based on your eligible tier at the time of application. Depending on your tier, you may be required to enroll in PayPlan from an eligible Bank of America deposit account prior to the loan closing date in order to receive the full program benefit adatext .
Learn more about Preferred Rewards
Fixed-rate mortgages
Set interest rate for the life of the loan
Your monthly payments of principal and interest remain the same for the life of the loan
Learn more about fixed-rate mortgages
Adjustable-rate mortgages (ARMs)
Interest rate may change periodically during the loan term
Your monthly payment may increase or decrease based on interest rate changes
Learn more about adjustable-rate mortgages
Jumbo Loans
For borrowers needing higher loan amounts
Available as fixed-rate or adjustable-rate loans
Learn more about jumbo loans
Affordable Loan Solution® mortgage
Down payment as low as 3% adatext
Income limits apply
Learn more about Affordable Loan Solution® mortgage
FHA & VA loans
Government loans from the Federal Housing Administration adatext and the U.S. Department of Veterans Affairs adatext
Low down payment options with flexible credit and income guidelines
Learn more about FHA and VA loans
Doctor Loans
Specifically designed for licensed and practicing doctors and dentists, medical residents and fellow and other eligible medical professionals
Flexible options. Student loan debt may be excluded from the total debt calculation adatext
Learn more about Doctor Loans
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I already prequalified for a home loan with Bank of America - what now?
View your prequalification letterpopup, or contact your lending officer about taking the next steps towards home financing
Homebuying options from Bank of America
Designed to meet your family’s needs
Designed to meet your family’s needs
Designed to meet your family’s needs
First-time homebuyers
First-time homebuyers
We’re here to help you through the process with tools and resources.
We’re here to help you
through the process with tools and resources.
We’re here to help you through the process with tools and resources.
Our Homeownership Commitment
Our Homeownership Commitment
We offer affordable housing assistance programs that help make homeownership a reality.
We offer affordable housing assistance programs that help make homeownership a reality.
We offer affordable housing assistance programs that help make homeownership a reality.
How to find help
How to find help
Visit our Down Payment Center to find programs in your state for modest-income and first-time homebuyers
Visit our Down Payment Center to find programs in your state for modest-income and first-time homebuyers
Visit our Down Payment Center to find programs in your state for modest-income and first-time homebuyers
Affordable Loan Solution® Mortgage
Affordable Loan Solution® Mortgage
Programs include mortgage loan options with lower down payments.
Programs include mortgage loan options with lower down payments.
Programs include mortgage loan options with lower down payments.
Top home mortgage FAQs
- How does my credit rating affect my home loan interest rate?
- Do I need to get a home appraisal in order to get a home loan?
- How long does the whole loan process take?
- See all home mortgage FAQs>
Mortgage basics
Get information on buying your first home – and what to expect from the process.
Home‑buying tipsGet information on buying your first home – and what to expect from the process.
Home‑buying tipsWith so many different mortgages available, choosing one may seem overwhelming.
Understanding your mortgage optionsWith so many different mortgages available, choosing one may seem overwhelming.
Understanding your mortgage options- Learn more about mortgages>
- Learn more about mortgages>
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