Home equity line of credit (HELOC) · United States

Bank of America Home Equity Line of Credit: what $50,000 costs by the day you sell

We cannot produce a reliable comparable illustration from the published terms. A required rate or share may be missing, or published examples may conflict. We leave the number blank instead of selecting an unsupported assumption.

Current official page renders the APR with client-side placeholders and describes its sample as a $100,000 line; a current rate for the $50,000 scenario cannot be verified from readable published text.

Everything below is what the provider does state publicly, with the parts it does not state marked as such.

What does the provider publish?

Bank of America publishes the terms below on its own pages; each line links to the page it was read from.

What Bank of America publishes, copied as stated. checked 2026-08-25
Term	As published	Where
Lowest published APR	8.275%	source
Rate type	variable, Wall Street Journal Prime Rate-based	source
Introductory APR	5.74% for 6 months	source
Origination fee	0% of the amount	source
Annual fee	none	source
Closing costs	none, as published — No application fees, no closing costs and no annual fee (on lines of credit up to $1,000,000)	source
Draw period	10 years	source
Repayment period	20 years	source
Minimum credit score	660	source
Maximum combined loan-to-value	85%	source

Notes from the page; text in quotation marks is quoted verbatim. “no application fees, no closing costs and no annual fee (on lines of credit up to $1,000,000); minimum credit score of 660+; up to 85% of the value of your home minus the amount you still owe; borrowing period usually 10 years, typically 20 years for repayment. Rechecked 2026-09-29: Current official page renders the APR with client-side placeholders and describes its sample as a $100,000 line; a current rate for the $50,000 scenario cannot be verified from readable published text.” checked 2026-08-25

Early payoff: not stated in the provider's published documentation (checked 2026-08-25).

Minimum amount: not stated in the provider's published documentation (checked 2026-08-25).

Maximum amount: not stated in the provider's published documentation (checked 2026-08-25).

Interest-only during draw: not stated in the provider's published documentation (checked 2026-08-25).

States: not stated in the provider's published documentation (checked 2026-08-25).

Ownership: not stated in the provider's published documentation (checked 2026-08-25).

Minimum home value: not stated in the provider's published documentation (checked 2026-08-25).

Flat fee: not stated in the provider's published documentation (checked 2026-08-25).

Full draw required: not stated in the provider's published documentation (checked 2026-08-25).

Who owns it?

Who owns this company is not stated on its own site, and we could not confirm it from a primary source. We have left it blank rather than repeat what other sites say.

Where this leaves you

You cannot budget from this page. Ask the provider, in writing, for the rate or the share, every fee, the term, and what you would owe if you sold in year 3, 5, and 10 on the value of your own home.
Ask whether there is a cap on what you repay, and whether the starting value is adjusted below the appraisal. Those two terms move the answer more than the fee.
Providers that do publish enough to compute are listed in the full list.

Who this page is not for

This is not a review. We have not used Bank of America, we hold no opinion on its service, and nothing here is a recommendation or advice. It answers one question: what the published terms turn into by the day you sell.

Sources

Bank of America terms page. checked 2026-08-25
data.json — the row behind this page, with the source URL and check date on every figure.

Written by Kaz (pen name). Figures are copied from providers' published pages on the dates shown. We have not used these products. Corrections: contact form.