Bank of america mortgage rates 15 year

Rates, discounts and loan amounts depend on specific program and may require certain personal deposit and investment balances, reserves, equity and automatic payment from an HSBC U.S. checking account. 

Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates available to most customers. Your individual rate may vary.

Assumptions: 

Conforming 30 Year Fixed mortgage APR and monthly payment calculation are based on a loan amount of $400,000 and a down payment of 20%, with closing costs of $2147.75 plus -0.17 points.

Conforming 15 Year Fixed mortgage APR and monthly payment calculation are based on a loan amount of $400,000 and a down payment of 20%, with closing costs of $2147.75 plus -0.29 points.

CommunityWorks APR and monthly payment calculation are based on a loan amount of $200,000 and a down payment of 20%, with closing costs of $2223.75 plus 0.00 points.

Payment Examples:

30 Year Fixed Rate: The total repayment term for this fixed rate loan is 30 years or 360 payments. Monthly principal and interest payments will be $2398.20 with a corresponding interest rate of 6.000%

15 Year Fixed Rate: The total repayment term for this fixed rate loan is 15 years or 180 payments. Monthly principal and interest payments will be $3268.33 with a corresponding interest rate of 5.500%

30 Year Fixed CommunityWorks:  The total repayment term for this fixed rate loan is 30 years or 360 payments. Monthly principal and interest payments will be $1254.94 with a corresponding interest rate of 6.430%.

Disclosures:

The CommunityWorks program is only available in Washington DC and specific counties in CA, CT, DE, FL, MD, NJ, NY, PA, VA, WA. Certain income level restrictions may apply depending upon property location.

Rates, discounts and loan amounts depend on specific program and may require certain personal deposit and investment balances, reserves, equity and automatic payment from an HSBC U.S. checking account.

Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates available to most customers. Your individual rate may vary.
 

Assumptions: 

Jumbo Deluxe Fixed Rate and Adjustable Rate Mortgage APR and Monthly Payment calculations are based on a loan amount of $1,000,000 and a down payment of 35%, with closing costs of $2223.75 plus 0.00 points.
 

Payment Examples:

HSBC Deluxe 30 Fixed Mortgage: The total repayment term for this fixed rate loan is 30 years or 360 payments. Monthly principal and interest payments will be $5686.05 with a corresponding interest rate of 5.513%.

HSBC Deluxe Mortgage 10/6 ARM: The total repayment term for this ARM loan is 30 years or 360 payments. For the first 120 months, the principal and interest payment will be $5568.58 with a corresponding interest rate of 5.325%.  For the remaining 240 months, the principal and interest payment will vary based upon the margin added to the current index on scheduled adjustment dates (which may be subject to adjustment or lifetime interest rate caps). Therefore, the actual interest rate and monthly principal and interest payment may be higher or lower than shown here but never below the margin or the floor rate for the applicable program.

HSBC Deluxe Mortgage 7/6 ARM: The total repayment term for this ARM loan is 30 years or 360 payments. For the first 84 months, the principal and interest payment will be $5627.17 with a corresponding interest rate of 5.419%.  For the remaining 276 months, the principal and interest payment will vary based upon the margin added to the current index on scheduled adjustment dates (which may be subject to adjustment or lifetime interest rate caps). Therefore, the actual interest rate and monthly principal and interest payment may be higher or lower than shown here but never below the margin or the floor rate for the applicable program.

HSBC Deluxe Mortgage 5/6 ARM: The total repayment term for this ARM loan is 30 years or 360 payments. For the first 60 months, the principal and interest payment will be $5607.82 with a corresponding interest rate of 5.388%.  For the remaining 300 months, the principal and interest payment will vary based upon the margin added to the current index on scheduled adjustment dates (which may be subject to adjustment or lifetime interest rate caps). Therefore, the actual interest rate and monthly principal and interest payment may be higher or lower than shown here but never below the margin or the floor rate for the applicable program.
 

Disclosures:

HSBC Deluxe Mortgage requires combined personal deposit and investment‡ balances of at least $75,000 U.S. Dollars or equivalent at any member of the HSBC Group (in the U.S. or home country). The minimum balance requirement must be fully funded before the closing of the mortgage loan. To learn more about the Deluxe Mortgage requirements contact an HSBC representative or call 844.HSBC.MTG (844.472.2684).

1 To become an HSBC Private Banking customer, you must be invited and reviewed on an individual basis. See your Relationship Manager for details. 

2 Final mortgage approval is subject to receipt of a satisfactory purchase contract by commitment expiration date, satisfactory appraisal and title report and completion of all conditions stated in your commitment letter.

‡ Investment and certain insurance products, including annuities, are offered by HSBC Securities (USA) Inc. (HSI), member NYSE/FINRA/SIPC.  HSI is an affiliate of HSBC Bank USA, N.A.

Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC.

Mortgage and home equity products are offered in the U.S. by HSBC Bank USA, N.A. and are only available for properties located in the U.S. Subject to credit approval. Borrowers must meet program qualifications. Programs are subject to change. Geographic and other restrictions may apply. Discounts can be cancelled or are subject to change at any time and cannot be combined with any other offer or discount.

If you are a service member on active duty looking to refinance your mortgage loan, please consult your legal advisor regarding whether your existing mortgage loan is eligible for benefits under the Servicemembers Civil Relief Act and how a refinance may impact those benefits.

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