Whether you're buying a home, refinancing your current home, or thinking about using your home's equity, our experienced mortgage specialists are committed to working with you to find the home loan that’s right for your needs.
When you choose Bank of America, you can count on:
- Tailored guidance. Your local mortgage specialist will review your unique situation, help you decide how much you can comfortably afford for a home, and guide you from application to closing.
- Online tools and resources. Our online Home Loan Guide offers calculators, articles and other resources that can help clarify the home buying process from beginning to end.
- Clear communication. Whether you talk with a specialist or go online, with a Bank of America mortgage we'll keep you informed so you’ll know where you stand every step of the way.
- Whatever your home financing plans may be, we look forward to helping you. Take a look at your options, then contact your mortgage specialist to learn more.
Today's California mortgage rates
Conforming |
APR layer
Annual percentage rate (APR)
The annual cost of a loan to a borrower. Like an interest rate, the APR is expressed as a percentage of the loan amount. Unlike an interest rate, however, it includes other charges or fees to reflect the total cost of the loan. The Federal Truth in Lending Act requires that every consumer loan agreement disclose the APR. Since all lenders must follow the same rules to ensure the accuracy of the APR, borrowers can use the APR as a good basis for comparing certain costs of loans. End of layer. |
Points layer
Discount points
Typically, it's an amount usually paid at closing to the lender in conjunction with a mortgage loan in order to lower or "buy down" the interest rate. One discount point equals one percentage point of the loan amount. For example, two points on a $100,000 mortgage would cost $2,000. Negative points reflect the amount that will be credited to you and reduce the amount of closing costs you will pay. Also called mortgage points or points. End of layer. |
Monthly paymentFootnote *Conforming and Jumbo monthly payment includes principal and interest only. Any other fees such as tax and insurance are not included and will result in a higher actual monthly payment. | |
---|---|---|---|---|
30-year fixed layer
Fixed-rate mortgage
A home loan with a predetermined fixed interest rate for the entire term of the loan. End of layer. |
X.XXX% | X.XXX% | X.XXX | $X.XXX |
15-year fixed layer
Fixed-rate mortgage
A home loan with a predetermined fixed interest rate for the entire term of the loan. End of layer. |
X.XXX% | X.XXX% | X.XXX | $X.XXX |
7/1 ARM layer (variable)
Adjustable-rate mortgage (ARM)
A mortgage or home equity loan in which your interest rate and monthly payments may change periodically during the life of the loan, based on the fluctuation of an index. Lenders may charge a lower interest rate for the initial period of the loan. Most ARMs have a rate cap that limits the amount the interest rate can change, both in an adjustment period, and over the life of the loan. Also called a variable-rate mortgage. End of layer. |
X.XXX% | X.XXX% | X.XXX | $X.XXXFootnote †5/1 Adjustable Rate Mortgage (ARM) interest rate and payment subject to increase after 5 years. 7/1 Adjustable Rate Mortgage (ARM) interest rate and payment subject to increase after 7 years. Select the Adjustable Rate Mortgage (ARM) monthly payment for important information, including estimated payments and rate adjustments. (initial) |
5/1 ARM layer (variable)
Adjustable-rate mortgage (ARM)
A mortgage or home equity loan in which your interest rate and monthly payments may change periodically during the life of the loan, based on the fluctuation of an index. Lenders may charge a lower interest rate for the initial period of the loan. Most ARMs have a rate cap that limits the amount the interest rate can change, both in an adjustment period, and over the life of the loan. Also called a variable-rate mortgage. End of layer. |
X.XXX% | X.XXX% | X.XXX | $X.XXXFootnote †5/1 Adjustable Rate Mortgage (ARM) interest rate and payment subject to increase after 5 years. 7/1 Adjustable Rate Mortgage (ARM) interest rate and payment subject to increase after 7 years. Select the Adjustable Rate Mortgage (ARM) monthly payment for important information, including estimated payments and rate adjustments. (initial) |
Jumbo |
APR layer
Annual percentage rate (APR)
The annual cost of a loan to a borrower. Like an interest rate, the APR is expressed as a percentage of the loan amount. Unlike an interest rate, however, it includes other charges or fees to reflect the total cost of the loan. The Federal Truth in Lending Act requires that every consumer loan agreement disclose the APR. Since all lenders must follow the same rules to ensure the accuracy of the APR, borrowers can use the APR as a good basis for comparing certain costs of loans. End of layer. |
Points layer
Discount points
Typically, it's an amount usually paid at closing to the lender in conjunction with a mortgage loan in order to lower or "buy down" the interest rate. One discount point equals one percentage point of the loan amount. For example, two points on a $100,000 mortgage would cost $2,000. Negative points reflect the amount that will be credited to you and reduce the amount of closing costs you will pay. Also called mortgage points or points. End of layer. |
Monthly paymentFootnote *Conforming and Jumbo monthly payment includes principal and interest only. Any other fees such as tax and insurance are not included and will result in a higher actual monthly payment. | |
---|---|---|---|---|
30-year fixed layer
Fixed-rate mortgage
A home loan with a predetermined fixed interest rate for the entire term of the loan. End of layer. |
X.XXX% | X.XXX% | X.XXX | $X.XXX |
15-year fixed layer
Fixed-rate mortgage
A home loan with a predetermined fixed interest rate for the entire term of the loan. End of layer. |
X.XXX% | X.XXX% | X.XXX | $X.XXX |
FHA |
APR layer
Annual percentage rate (APR)
The annual cost of a loan to a borrower. Like an interest rate, the APR is expressed as a percentage of the loan amount. Unlike an interest rate, however, it includes other charges or fees to reflect the total cost of the loan. The Federal Truth in Lending Act requires that every consumer loan agreement disclose the APR. Since all lenders must follow the same rules to ensure the accuracy of the APR, borrowers can use the APR as a good basis for comparing certain costs of loans. End of layer. |
Points layer
Discount points
Typically, it's an amount usually paid at closing to the lender in conjunction with a mortgage loan in order to lower or "buy down" the interest rate. One discount point equals one percentage point of the loan amount. For example, two points on a $100,000 mortgage would cost $2,000. Negative points reflect the amount that will be credited to you and reduce the amount of closing costs you will pay. Also called mortgage points or points. End of layer. |
Monthly paymentFootnote *Conforming and Jumbo monthly payment includes principal and interest only (FHA monthly payment includes principal, interest, and mortgage insurance). Any other fees such as tax and insurance are not included and will result in a higher actual monthly payment. | |
---|---|---|---|---|
30-year fixed layer
Fixed-rate mortgage
A home loan with a predetermined fixed interest rate for the entire term of the loan. End of layer. |
X.XXX% | X.XXX% | X.XXX | $X.XXX |
All products, rates, APRs, and credit assumptions valid on XX/XX/XXXX and are subject to change without notice. Chart data is for illustrative purposes only. Conforming and Jumbo data assumes a borrower with excellent credit and FHA data assumes a borrower with good credit. Accuracy is not guaranteed and products may not be available for your situation.
Loan assumptions and disclosures.
* Conforming and Jumbo monthly payment includes principal and interest only (FHA monthly payment includes principal, interest, and mortgage insurance). Any other fees such as tax and insurance are not included and will result in a higher actual monthly payment.
^{†} 5/1 Adjustable Rate Mortgage (ARM) interest rate and payment subject to increase after 5 years. 7/1 Adjustable Rate Mortgage (ARM) interest rate and payment subject to increase after 7 years. Select the Adjustable Rate Mortgage (ARM) monthly payment for important information, including estimated payments and rate adjustments.
Conforming |
APR layer
Annual percentage rate (APR)
The annual cost of a loan to a borrower. Like an interest rate, the APR is expressed as a percentage of the loan amount. Unlike an interest rate, however, it includes other charges or fees to reflect the total cost of the loan. The Federal Truth in Lending Act requires that every consumer loan agreement disclose the APR. Since all lenders must follow the same rules to ensure the accuracy of the APR, borrowers can use the APR as a good basis for comparing certain costs of loans. End of layer. |
Points layer
Discount points
Typically, it's an amount usually paid at closing to the lender in conjunction with a mortgage loan in order to lower or "buy down" the interest rate. One discount point equals one percentage point of the loan amount. For example, two points on a $100,000 mortgage would cost $2,000. Negative points reflect the amount that will be credited to you and reduce the amount of closing costs you will pay. Also called mortgage points or points. End of layer. |
Monthly paymentFootnote *Conforming and Jumbo monthly payment includes principal and interest only. Any other fees such as tax and insurance are not included and will result in a higher actual monthly payment. | |
---|---|---|---|---|
30-year fixed layer
Fixed-rate mortgage
A home loan with a predetermined fixed interest rate for the entire term of the loan. End of layer. |
X.XXX% | X.XXX% | X.XXX | $X.XXX |
15-year fixed layer
Fixed-rate mortgage
A home loan with a predetermined fixed interest rate for the entire term of the loan. End of layer. |
X.XXX% | X.XXX% | X.XXX | $X.XXX |
7/1 ARM layer (variable)
Adjustable-rate mortgage (ARM)
A mortgage or home equity loan in which your interest rate and monthly payments may change periodically during the life of the loan, based on the fluctuation of an index. Lenders may charge a lower interest rate for the initial period of the loan. Most ARMs have a rate cap that limits the amount the interest rate can change, both in an adjustment period, and over the life of the loan. Also called a variable-rate mortgage. End of layer. |
X.XXX% | X.XXX% | X.XXX | $X.XXXFootnote †5/1 Adjustable Rate Mortgage (ARM) interest rate and payment subject to increase after 5 years. 7/1 Adjustable Rate Mortgage (ARM) interest rate and payment subject to increase after 7 years. Select the Adjustable Rate Mortgage (ARM) monthly payment for important information, including estimated payments and rate adjustments. (initial) |
5/1 ARM layer (variable)
Adjustable-rate mortgage (ARM)
A mortgage or home equity loan in which your interest rate and monthly payments may change periodically during the life of the loan, based on the fluctuation of an index. Lenders may charge a lower interest rate for the initial period of the loan. Most ARMs have a rate cap that limits the amount the interest rate can change, both in an adjustment period, and over the life of the loan. Also called a variable-rate mortgage. End of layer. |
X.XXX% | X.XXX% | X.XXX | $X.XXXFootnote †5/1 Adjustable Rate Mortgage (ARM) interest rate and payment subject to increase after 5 years. 7/1 Adjustable Rate Mortgage (ARM) interest rate and payment subject to increase after 7 years. Select the Adjustable Rate Mortgage (ARM) monthly payment for important information, including estimated payments and rate adjustments. (initial) |
Jumbo |
APR layer
Annual percentage rate (APR)
The annual cost of a loan to a borrower. Like an interest rate, the APR is expressed as a percentage of the loan amount. Unlike an interest rate, however, it includes other charges or fees to reflect the total cost of the loan. The Federal Truth in Lending Act requires that every consumer loan agreement disclose the APR. Since all lenders must follow the same rules to ensure the accuracy of the APR, borrowers can use the APR as a good basis for comparing certain costs of loans. End of layer. |
Points layer
Discount points
Typically, it's an amount usually paid at closing to the lender in conjunction with a mortgage loan in order to lower or "buy down" the interest rate. One discount point equals one percentage point of the loan amount. For example, two points on a $100,000 mortgage would cost $2,000. Negative points reflect the amount that will be credited to you and reduce the amount of closing costs you will pay. Also called mortgage points or points. End of layer. |
Monthly paymentFootnote * | |
---|---|---|---|---|
30-year fixed layer
Fixed-rate mortgage
A home loan with a predetermined fixed interest rate for the entire term of the loan. End of layer. |
X.XXX% | X.XXX% | X.XXX | $X.XXX |
15-year fixed layer
Fixed-rate mortgage
A home loan with a predetermined fixed interest rate for the entire term of the loan. End of layer. |
X.XXX% | X.XXX% | X.XXX | $X.XXX |
FHA |
APR layer
Annual percentage rate (APR)
The annual cost of a loan to a borrower. Like an interest rate, the APR is expressed as a percentage of the loan amount. Unlike an interest rate, however, it includes other charges or fees to reflect the total cost of the loan. The Federal Truth in Lending Act requires that every consumer loan agreement disclose the APR. Since all lenders must follow the same rules to ensure the accuracy of the APR, borrowers can use the APR as a good basis for comparing certain costs of loans. End of layer. |
Points layer
Discount points
Typically, it's an amount usually paid at closing to the lender in conjunction with a mortgage loan in order to lower or "buy down" the interest rate. One discount point equals one percentage point of the loan amount. For example, two points on a $100,000 mortgage would cost $2,000. Negative points reflect the amount that will be credited to you and reduce the amount of closing costs you will pay. Also called mortgage points or points. End of layer. |
Monthly paymentFootnote * | |
---|---|---|---|---|
30-year fixed layer
Fixed-rate mortgage
A home loan with a predetermined fixed interest rate for the entire term of the loan. End of layer. |
X.XXX% | X.XXX% | X.XXX | $X.XXX |
All products, rates, APRs, and credit assumptions valid on XX/XX/XXXX and are subject to change without notice. Chart data is for illustrative purposes only. Conforming and Jumbo data assumes a borrower with excellent credit and FHA data assumes a borrower with good credit. Accuracy is not guaranteed and products may not be available for your situation.
Loan assumptions and disclosures.
* Conforming and Jumbo monthly payment includes principal and interest only (FHA monthly payment includes principal, interest, and mortgage insurance). Any other fees such as tax and insurance are not included and will result in a higher actual monthly payment.
^{†} 5/1 Adjustable Rate Mortgage (ARM) interest rate and payment subject to increase after 5 years. 7/1 Adjustable Rate Mortgage (ARM) interest rate and payment subject to increase after 7 years. Select the Adjustable Rate Mortgage (ARM) monthly payment for important information, including estimated payments and rate adjustments.
Calculators
Estimate your monthly payment based on loan amount and interest rate.
Estimate your closing costs based on area and purchase price.
See if your monthly mortgage payments could be lower if you refinance.
Use this calculator to get an idea of your rate and monthly payment for a home equity line of credit.
A powerful interactive tool, to create your personalized affordability snapshot
Use this tool to find out how much your home may be worth.