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Mortgage Rates Today - Refinance Calculator

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Rates based on a $200,000 loan in ZIP code 95464

Estimate your home value

Balance left on your mortgage

Mortgage Rates Table

30-year fixed popup

Rate X.XXX%

APR X.XXX%

Points X.XXX

Monthly Payment $XXXX

20-year fixed popup

Rate X.XXX%

APR X.XXX%

Points X.XXX

Monthly Payment $XXXX

15-year fixed popup

Rate X.XXX%

APR X.XXX%

Points X.XXX

Monthly Payment $XXXX

10y/6m ARM popup variable

Rate X.XXX%

APR X.XXX%

Points X.XXX

Monthly Payment $XXXX

7y/6m ARM popup variable

Rate X.XXX%

APR X.XXX%

Points X.XXX

Monthly Payment $XXXX

5y/6m ARM popup variable

Rate X.XXX%

APR X.XXX%

Points X.XXX

Monthly Payment $XXXX

Refinance rates valid as of date/time and assume borrower has excellent credit (including a credit score of 740 or higher). Estimated monthly payments shown include principal, interest and (if applicable) any required mortgage insurance. ARM interest rates and payments are subject to increase after the initial fixed-rate period (5 years for a 5y/6m ARM, 7 years for a 7y/6m ARM and 10 years for a 10y/6m ARM; the 6m shows that the interest rate is subject to adjustment once every six months thereafter). Select the About ARM rates link for important information, including estimated payments and rate adjustments.

Rates based on a $200,000 loan in ZIP code 95464

Estimate your home value

Balance left on your mortgage

Mortgage Rates Table

30-year fixed popup

Rate X.XXX%

APR X.XXX%

Points X.XXX

Monthly Payment $XXXX

20-year fixed popup

Rate X.XXX%

APR X.XXX%

Points X.XXX

Monthly Payment $XXXX

15-year fixed popup

Rate X.XXX%

APR X.XXX%

Points X.XXX

Monthly Payment $XXXX

10y/6m ARM popup variable

Rate X.XXX%

APR X.XXX%

Points X.XXX

Monthly Payment $XXXX

7y/6m ARM popup variable

Rate X.XXX%

APR X.XXX%

Points X.XXX

Monthly Payment $XXXX

5y/6m ARM popup variable

Rate X.XXX%

APR X.XXX%

Points X.XXX

Monthly Payment $XXXX

Refinance rates valid as of date/time and assume borrower has excellent credit (including a credit score of 740 or higher). Estimated monthly payments shown include principal, interest and (if applicable) any required mortgage insurance. ARM interest rates and payments are subject to increase after the initial fixed-rate period (5 years for a 5y/6m ARM, 7 years for a 7y/6m ARM and 10 years for a 10y/6m ARM; the 6m shows that the interest rate is subject to adjustment once every six months thereafter). Select the About ARM rates link for important information, including estimated payments and rate adjustments.

Rate

The rate of interest on a loan, expressed as a percentage.

Annual percentage yield (APR)

The annual cost of a loan to a borrower. Like an interest rate, an APR is expressed as a percentage. Unlike an interest rate, however, it includes other charges or fees (such as mortgage insurance, most closing costs, points and loan origination fees) to reflect the total cost of the loan.

Points

An amount paid to the lender, typically at closing, in order to lower the interest rate. Also known as mortgage points or discount points. One point equals one percent of the loan amount (for example, 2 points on a $100,000 mortgage would equal $2,000).

Monthly Payment (estimated)

The estimated monthly payment includes principal, interest and any required mortgage insurance (for borrowers with less than a 20% down payment). The payment displayed does not include amounts for hazard insurance or property taxes which will result in a higher actual monthly payment. If you have an adjustable-rate loan, your monthly payment may change once every six months (after the initial period) based on any increase or decrease in the Secured Overnight Financing Rate (SOFR) index, published daily by the New York Fed. Note: Bank of America is not affiliated with the New York Fed. The New York Fed does not sanction, endorse, or recommend any products or services offered by Bank of America.

Fixed-rate mortgage

A home loan with an interest rate that remains the same for the entire term of the loan.

Adjustable-rate mortgage (ARM)

Also called a variable-rate mortgage, an adjustable-rate mortgage has an interest rate that may change periodically during the life of the loan in accordance with changes in an index such as the U.S. Treasury-Index (T-Bill) or the Secured Overnight Financing Rate (SOFR) published daily by the New York Fed. Bank of America ARMs generally use SOFR as the basis for ARM interest rate adjustments. Note: Bank of America is not affiliated with the New York Fed. The New York Fed does not sanction, endorse, or recommend any products or services offered by Bank of America.


Your monthly payment may fluctuate as the result of any interest rate changes, and a lender may charge a lower interest rate for an initial portion of the loan term. Most ARMs have a rate cap that limits the amount of interest rate change allowed during both the adjustment period (the time between interest rate recalculations) and the life of the loan.

This estimate requires some additional assistance

The details of this estimate requires some additional assistance from one of our loan specialists. Please contact us in order to discuss the specifics of your loan.

We offer a wide range of loan options beyond the scope of this calculator, which is designed to provide results for the most popular loan scenarios.

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