Bank of America Home Personal

I am thinking to apply for Home Loans at Bank of America. So can you give information about interest rates for Home Loan? Is the Bank of America provides Personal Loan, tell me also?

[shikha]

As you are looking for interest rates for Home Loan of Bank of America, so here are following details:

Rates based on a $200,000 loan in ZIP code 94601

Rate layer APR layer Points
30-year fixed layer Rate 3.625% APR 3.758% Monthly payment
0.209
15-year fixed layer Rate 2.875% APR 3.216% $912

0.939 Monthly Payment $1,369 5/1 ARM layer variable Rate 2.500%

3.580% Points 0.953


Property type/use: Single family residence or owner occupied

Loan to value (LTV) layer: 80.0% (or as user selected)

Down payment: 20% (or as user selected)

Rate lock period layer: Purchase: 45 days. Refinance: 60 days

Loan amount: $200,000 (or as user selected)

Discount point(s): As displayed

Lien layer position: First lien

Property location: California is the default (until a user enters a specific ZIP code)

Property type/use: Single family residence/owner occupied

Loan term: As displayed (or as user selected)

Loan details for 10/1 adjustable-rate mortgage (ARM)

Number of payments Estimated interest rate layer Estimated monthly payments
120 3% $843.21
239 3.875% $911.34
1 3.875% $912.98

Adjustable rate details
Current index rate layer 1.564% (variable)
Margin layer 2.25% (variable)
Rate adjustment frequency layer 12 months
First adjusted interest rate cap layer 5%
Subsequent adjusted interest rate cap layer 2%
Lifetime rate cap layer 5%