Calculator For Bank Of America Home Equity Loan Interest Rates

Calculator For Bank Of America Home Equity Loan Interest Rates

A smart choice for those who want a one-time payout with predictable fixed payments.

Low rates 7.09 %APR
One-time payout Get your money up front
Stability Fixed rate for the life of your loan
Predictability Monthly payments that never change

Note: A home equity loan is not available as a first mortgage or lien. You must already have and retain at least 1 existing mortgage or lien on your property to apply for a home equity loan.

They have financing needs in one go, or if you want to have fixed predictable payments? A home equity loan can help improve the home or consolidate higher interest debt1 pay for education or other necessary expenses.

A Home Equity Loan from Bank of America can give you:

Fixed interest rate only
Fixed monthly payments with automatic deduction available
No application fees or closing costs on loans of $500,000 or less1
25 year maximum term1
Possible tax deductions1
Funds paid to you in a single check or an electronic transfer to your account
Note: A home equity loan is not available as a first mortgage or lien. You must already have and retain at least 1 existing mortgage or lien on your property to apply for a home equity loan.

Discounts

0.25% – if you maintain a qualified Bank of America relationship account
0.25% – for maintaining automatic payment from a Bank of America checking or savings account

Bank Of America Home Equity Loan Calculator

Want to know how much your payment will be? Use this calculator to estimate your monthly payment and rates for both a home equity loan and line of credit. For more personalized, detailed payment information call us at 1.800.782.9022.

Please follow this link: https://www9.bankofamerica.com/home-loans/home-equity/home-equity-calculator.go

The calculator will display Results for a Home Equity Loan only for requests between $10,000 and $24,999 and no Results for a Home Equity Line of Creditplease refer to Minimum & maximum amounts.

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