As a Bank of America Lending Specialist, I want to make sure that we find the right home loan for you. If you prefer that we do not use this information, you may opt out of online behavioral advertising. As a Bank of America Lending Specialist, I want to make sure that we find the right home loan for you. Banking, credit card, automobile loans, mortgage and home equity products are provided by Bank of America, N.A. A good refinance calculator (like the SmartAsset one above, lucky you!) ET, Mon.- Fri. 9 a.m. – midnight ETSat. An amount paid to the lender, typically at closing, in order to lower the interest rate. © 2020 Bank of America Corporation. Credit and collateral are subject to approval. BofA is definitely the United States’ second greatest bank by online resources. Refinance rates valid as of 15 Jan 2021 10:20 am EST and assume borrower has excellent credit (including a credit score of 740 or higher). *Results are based on the refinance of a home in ZIP code , with a current value of , and a new loan amount of .Mortgage rates valid as of and assume borrower has excellent credit.Loan assumptions and disclosures. 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. The mortgage refinance calculator helps sort through the confusion and determine if refinancing your mortgage is a sound financial decision. Bank Of America Used Car Loan Rates . Bank of America offers low down payment loans and programs to help with down payment and closing costs, including our 3% down, no mortgage insurance Affordable Loan Solution® mortgage and America’s Home Grant®, which provides eligible borrowers up to $7,500 for nonrecurring closing costs. Bank of America, N.A. How long does the whole loan process take? Relationship-based ads and online behavioral advertising help us do that. Results shown are for . Use Bank of America's mortgage affordability calculator to help determine how much house you can comfortably afford. If you opt out, though, you may still receive generic advertising. Home … Please tell us where you bank so we can give you accurate rate and fee information for your location. Bank of America and its affiliates are not tax or legal advisers. Please consult with qualified professionals to discuss your situation. Equal Housing Lender new window. Cost for the use of a loan, usually expressed as a percentage of the loan, paid over a specific period of time. All rights reserved. These calculators will give you a basic idea of how key values are determined throughout the mortgage process. 60-second decision (for most applicants)with a 30-day rate lock, Manage all your BofA accounts in one place, Mon.- Fri. 8 a.m. – midnight ETSat. Use this refinance calculator to calculate estimated monthly mortgage payments and rate options. When refinancing my mortgage, can I get extra money at closing so I can pay off other debt? Assume you take a $100000 Bank of America loan for 360 months (30 years) with the interest rate of 15% and the additional principal of $150. Member FDIC. Get started with the Bank of America Digital Mortgage Experience™ Also known as property tax. The total amount of principal and interest you pay each month on your auto loan. A contract that provides compensation for specific losses in exchange for a periodic payment. To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review Bank of America Online Privacy Notice and our Online Privacy FAQs. Unlike an interest rate, however, it includes other charges or fees (such as mortgage insurance, most closing costs, discounts points and loan origination fees) to reflect the total cost of the loan. Be sure to look at all aspects of your monthly payment, including Principal & Interest, Property Taxes, and Homeowners Insurance, as your actual monthly payments may be different from the estimates presented in this example.