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Bank Of America Mortgage Rate (30 Dec 2017)

Rate APR Points Monthly payment

30-year fixed 4.000% 4.205% 0.854 $955

20-year fixed layer 3.750% 4.007% 0.649 $1,186

15-year fixed layer 3.500% 3.841% 0.734 $1,430

10/1 ARM layer variable 3.625% 4.099% 0.706 $912

7/1 ARM layer variable 3.375% 4.112% 0.974 $884

5/1 ARM layer variable 3.375% 4.215% 0.845 $884

Mortgage rates valid as of 29 Dec 2017 07:58 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).

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