Bank Of America Home Equity Loan Calculator. Fixed rate loan option at account opening. The loan term is the period of time during which a loan must be repaid.
Get started with the bank of america digital mortgage experience. You currently have a loan balance of 140 000 you can find your loan balance on your monthly loan statement or online account and you want to take out a 25 000 home equity line of credit. Fixed rate loan option at account opening.
2 an initial draw discount of 0 05 for every 10 000.
You currently have a loan balance of 140 000 you can find your loan balance on your monthly loan statement or online account and you want to take out a 25 000 home equity line of credit. Your home currently appraises for 200 000. The minimum heloc amount that can be converted at account opening into a fixed rate loan option is 5 000 and the maximum amount. A fixed rate mortgage is a home loan with a fixed interest rate for the entire term of the loan.