Bank of America Mortgage Rates and Calculators

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Bank of America mortgage rates allow an individual to see how much they may pay for a home by calculating the purchase price, downpayment, and interest rate in order to see their monthly amount.

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Mortgage Menu

Find a Mortgage Rate

Step 1 – Go to This Webpage

Step 2 – Type in whether you are purchasing a home or refinancing. Enter the Zip Code, Purchase Price, and Down Payment. Click the “Get Rates” button and you will be redirected to show;

  • Most Popular Rates
  • Fixed Rates
  • Adjustable Rates
  • FHA & VA

In Addition to:

  • APR
  • Points
  • Closing Costs
  • and the Monthly Payment (Principal + Interest)
Sample Mortgage Rates

Sample Mortgage Rates

Mortgage Rate Estimator

If you are seeking an estimate of a mortgage rate and not necessarily an exact percentage then go to This Webpage and enter the following;

  • Zip Code
  • Purchase Price
  • Down Payment

Mortgage Calculators

This is to calculate the amount of payment every month. In order to find the number the following must be entered;

  • Purchase Price
  • Down Payment
  • Property Zip Code

After entering a screen will appear showing the amount of payment for a 30-year, 20-year, and 15-year fixed mortgage. There will be a breakdown below of the Interest Rate, APR, Points, and Closing Costs.

The closing costs are not an exact number like figuring interest rates or a monthly payment but is to give an understanding of what the expenses will be. To figure the applicant shall enter the following;

  •  Property Zip Code
  • Purchase Price
  • Down Payment
  • Type of Term – 30 Year – 20 Year – 15 Year

After clicking the ‘Calculate’ button the number will appear.

Get Pre-Qualified

If an individual would like to apply for a home loan they can under the following;

Step 1 – An applicant may get pre-qualified through one of the following options;

Step 2 – If the online route option is chosen the applicant should click on the ‘Start Online’ button on the top right corner of the page and begin the process.

Step 3 – Enter personal name and address information including;

Name and Address

Name and Address

  • Name (First, Middle, Last)
  • Street Address
  • Phone Numbers (Daytime and Evening)
  • Email Address

All information that is entered must be correct and is encouraged to be double-checked by the applicant.

Step 4 – Enter Identity and Co-Applicant Information

Identity and Co-Applicant

Identity and Co-Applicant

  • Date of Birth
  • Residency Status
  • Co-Applicant Pre-Qualification

All the information of the co-applicant must be confirmed and be entered out of their own free will.

Step 5 – Loan Request Information

Loan Request Information

Loan Request Information

  •  Purpose of the Loan
  • Purchase Timeframe
  • Sales Price of Property
  • Borrowing Amount
  • Zip Code of Property
  • Plan for Use of Property
  • Type of Property

After the application is complete you may be re-directed to another page to verify employment, income, and other personal details. A representative will usually call you to inform your status of your loan.

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