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About jumbo loans
A loan is considered jumbo if the amount of the mortgage exceeds loan-servicing limits set by Fannie Mae and Freddie Mac — currently $766,550 for a single-family home in all states (except Hawaii and Alaska and a few federally designated high-cost markets, where the limit is $1,149,825). adatext
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, stricter underwriting rules and require a larger down payment than a standard mortgage.
Today's competitive rates† for jumbo mortgage loans
Rates based on a $1,160,000 loaninZIPcode95464
Mortgage Rates Table
Ratepopup
APRpopup
Pointspopup
Monthly paymentpopup
30-year fixedpopup
Rate X.XXX%
APR X.XXX%
Points X.XXX
Monthly Payment $XXXX
15-year fixedpopup
Rate X.XXX%
APR X.XXX%
Points X.XXX
Monthly Payment $XXXX
5y/6m ARMpopup variable
Rate X.XXX%
APR X.XXX%
Points X.XXX
Monthly Payment $XXXX
About ARM rates
Rates based on a $1,160,000 loaninZIPcode95464
Mortgage Rates Table
30-year fixedpopup
15-year fixedpopup
5y/6m ARMpopup variable
Ratepopup
30 Year Fixed X.XXX%
15 Year Fixed X.XXX%
5y/6m ARM Variable X.XXX%
APRpopup
30 Year Fixed X.XXX%
15 Year Fixed X.XXX%
5y/6m ARM Variable X.XXX%
Pointspopup
30 Year Fixed X.XXX
15 Year Fixed X.XXX
5y/6m ARM Variable X.XXX
Monthly paymentpopup
30 Year Fixed $XXXX
15 Year Fixed $XXXX
5y/6m ARM Variable $XXXX
About ARM rates
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.
We need additional information
In order to provide you with the best possible rate estimate, we need some additional information. Please contact us in order to discuss the specifics of your mortgage needs with one of our home loan specialists.
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. If you have flexible options, try lowering your purchase price, changing your down payment amount or entering a different ZIP code.
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866.466.0979
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Other types of mortgages
Fixed-rate mortgages
Your interest rate remains the same for the entire loan term
Your monthly payment of principal and interest does not change during the loan term
Adjustable-rate mortgages (ARMs)
Interest rate may change periodically during the loan term
Your monthly payment may increase or decrease based on interest rate changes
Government loans from the Federal Housing Administration adatext and the U.S. Department of Veterans Affairs adatext
Low down payment options with flexible credit and income guidelines
Affordable Loan Solution® mortgage
Down payments as low as 3% adatext
Income limits apply
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Top home mortgage FAQs
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Jumbo loan basics
When you're considering buying a home, the amount of your down payment plays an important role.
How much should you put down?When you're considering buying a home, the amount of your down payment plays an important role.
How much should you put down?It's not about how much money you can get, its about how much best fits your budget.
How much home can you comfortably afford?It's not about how much money you can get, its about how much best fits your budget.
How much home can you comfortably afford?- Learn more about mortgages>
- Learn more about mortgages>
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