Bank of America Auto Loan Rates and Calculators


Bank of America Online Banking » Bank of America Auto Loan Rates and Calculators
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The Bank of America auto calculators allow an applicant to figure their rate for a loan. The variables needed to calculate any type of figure are the loan amount, interest rate, and the term.

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Rates

The rates can be found on This Page and show the most updates interest rates for new or used cars and to refinance.

Calculators

bank-of-america-auto-loan-calculators

The following calculators can be used to determine the amount of payment every month during the loan, how much the individual may afford for a vehicle, and whether it make financial sense to refinance with bank of America.

What Will My Monthly Payment Be?

The following must be entered to get the monthly amount;

  • Total Loan Amount
  • Interest Rate (%)
  • Loan Term (in Months)

How Much Can I Afford?

Enter the following to see how much you can pay for a vehicle;

  • Monthly Payment
  • Interest Rate (%)
  • Loan Term (in Months)

Refinance

bank-of-america-refinance-calculatorIf an individual has an automobile and would like to obtain a new loan they may use the following calculator to see if a new loan makes monetary sense.

The following should be entered to compare the new loan type to the old;

  • Current Loan
    • Loan Balance
    • Monthly Payment
  • New Loan
    • Refinance Amount
    • Term (in Months)
    • Interest Rate (%)

After clicking on the ‘Compare These Loans’ button it will show a snapshot of how much the new loan may save or add to the current monthly amount under the old loan.

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