Find out what you can comfortably afford to buy.
Calculate now
• Low rate options • Personal Service • Expert Advice
30-Year Fixed-Rate Learn More »
Your monthly payment, interest rate, and total interest paid are in the average range compared to other types of mortgages. Best if you want stable payments and plan to stay in your home for many years.
Prequalify now »
15-Year Fixed-Rate Learn More »
With higher monthly payments, you pay less interest in the long run and build equity quicker. A good choice if you want to own your home soon and can afford the higher payments.
Prequalify now »
5/1 Adjustable Rate Mortgage (ARM) Learn More »
Get a fixed rate for 5 years, after which the rate (and your monthly payment) may change annually. ARMs can be a good financing choice under certain circumstances, such as rising income expectations and short-term home ownership.
Prequalify now »
Privacy & Security
Bank of America, N.A., Member FDIC
© 2009 Bank of America Corporation. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice.
The following additional disclosures apply:
The Annual Percentage Rate (APR) is calculated on $200,000 for conforming and $500,000 for non-conforming loan amounts, applicable loan origination fee, discount points with no prepaid interest collected, and 0.70% finance changes with no mortgage insurance. APRs for individual loans may differ.
These rates are not guaranteed until lock-in.
Rates and terms are subject to change without notice. Interest rates assume credit history in good standing.
All loan applications subject to credit and property approval. Flood and/or property hazard insurance may be required. Additional fees and closing costs may apply.
Maximum loan limits and minimum equity/down payment requirements apply.
Other restrictions may apply.
Additional rates and programs are available.
Scheduled payments do not include any items other than principal and interest. Not all mortgage types include both principal and interest in every payment.
Assumes no other loans or liens.
Assumes lock period based on current market conditions.
Assumes taxes and insurance will be escrowed.
Assumes applicant is a United States citizen.
Fees are based on default county for each state. Fees are subject to change based on property county.
Representative example for loan terms:
A loan of $200,000 with a 7.500% APR would have the following payments with the following terms:
15-year mortgage would have 180 monthly payments of $1,854 each.
20-year mortgage would have 240 monthly payments of $1,611 each.
30-year mortgage would have 360 monthly payments of $1,398 each.
Amounts may be rounded up. Additional fees and closing costs apply. If the down payment is less than 20%, mortgage insurance may be needed, which could increase the monthly payment and APR.