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February 9th, 2017, 08:36 AM
Super Moderator
 
Join Date: Mar 2012
Re: Bank Of America Jumbo Mortgage Rates

Bank Of America Jumbo Loan is considered jumbo if the amount of the mortgage exceeds loan-servicing limits set by Fannie Mae and Freddie Mac — currently $424,100 for a single-family home in all states

Jumbo mortgages are available for primary residences, second or vacation homes and investment properties, and are also available in a variety of terms, including fixed-rate and adjustable-rate loans.

A jumbo loan will typically have a higher interest rate

Jumbo Mortgage Loans Rates

Rates based on a $725,000 loan in ZIP code 94601

30-year fixed layer

Rate 4.000%
APR 4.136%
Points 0.986
Monthly Payment $3,461

15-year fixed layer

Rate 3.750%
APR 3.938%
Points 0.639
Monthly Payment $5,272

5/1 ARM layer variable

Rate 3.000%
APR 3.771%
Points 0.933
Monthly Payment $3,057

Mortgage rates valid as of 30 Jan 2017 07:57 pm India Standard Time and assume borrower has excellent credit (including a credit score of 740 or higher).

Estimated monthly payments shown include principal and interest only.

ARM interest rates and payments are subject to increase after the initial fixed-rate period (5 years for a 5/1 ARM, 7 years for a 7/1 ARM and 10 years for a 10/1 ARM).

Customer service: 00 1 315-724-4022


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