Owner-Occupied 1-4 family
Rates effective as of:
| Type | |
Rate | |
APR 20% Down | |
Points | |
Caps | |
Margin | |
Amortization Term*** |
| 30-year Fixed | |
6.000% | |
6.009% | |
0 | |
N/A | |
N/A | |
30 |
| 30-year Fixed JUMBO | |
6.500% | |
6.502% | |
0 | |
N/A | |
N/A | |
30 |
| 15-year Fixed | |
5.625% | |
5.640% | |
0 | |
N/A | |
N/A | |
15 |
| 10-year Fixed | |
5.500% | |
5.521% | |
0 | |
N/A | |
N/A | |
10 |
| 3/3 ARM | |
5.375% | |
5.478% | |
0 | 2/7 | |
3.00% | |
30* | |
| 5/1 ARM | |
5.375% | |
5.071% | |
0 | |
2/7 | |
3.00% | |
30** |
| 7/1 ARM | |
5.625% | |
5.256% | |
0 | |
2/7 | |
3.00% | |
30** |
|
Rates may change without prior notice |
Subject to Credit Approval |
|
No Closing Cost Mortgage Rates
Owner-Occupied 1-4 family Rates effective as of: | ||||||||||||
| Type | |
Rate | |
APR 20% Down | |
Points | |
Caps | |
Margin | |
Amortization Term*** |
| 30-year Fixed | |
6.375% | |
6.375% | |
0 | |
N/A | |
N/A | |
30 |
| 30-year Fixed JUMBO | |
6.875% | |
6.875% | |
0 | |
N/A | |
N/A | |
30 |
| 15-year Fixed | |
6.000% | |
6.000% | |
0 | |
N/A | |
N/A | |
15 |
| 10-year Fixed | |
5.875% | |
5.875% | |
0 | |
N/A | |
N/A | |
10 |
| 3/3 ARM | |
5.750% | |
5.561% | |
0 | |
2/7 | |
3.00% | |
30** |
| 5/1 ARM | |
5.750% | |
5.206% | |
0 | |
2/7 | |
3.00% | |
30** |
| 7/1 ARM | |
6.000% | |
5.438% | |
0 | |
2/7 | |
3.00% | |
30** |
|
Rates may change without prior notice |
Subject to Credit Approval |
|
* Introductory rate is discounted during the first 3, 5 or 7 years of ARM loans, respectively. |
|
- Rate may increase after consummation on all Adjustable Rate Mortgages.
- Annual Percentage Rate (APR) includes a prepaid finance charge of $79.00 Tax Service Fee and a prepaid finance charge of $15.00 for a Flood Certification with life of loan (based on a $100,000 loan; based on a $417,001 loan for Jumbo rates)
- Subject to credit approval, property insurance is required.
- There is a 60-day interest rate lock.
Based on a 30 year 3/3 ARM at the premium rate of 5.750%, zero points, a 20% down payment and no closing costs, the mortgage would be repayable in 360 monthly payments of $5.84 per $1,000 borrowed for the first three years. The monthly payment at the market rate of 5.500% would be $5.69 per $1,000 borrowed for the remainder of the loan.
Based on a 30 year fixed rate of 6.000%, zero points, and a 20% down payment, the mortgage would be repayable in 360 monthly payments of $6.00 per $1,000 borrowed.
Based on a 30 year fixed rate of 6.375%, zero points, a 20% down payment and no closing costs, the mortgage would be repayable in 360 monthly payments of $6.24 per $1,000 borrowed.
JUMBO rate applies to 30-year Fixed rate loans over $417,000 (for single family residences).
First Time Home Buyers Program is also available for properties located in Cambridge. Generally speaking, our lending area is restricted to within a 50-mile radius of each of our branch locations. However, for individual consideration, please contact us.
For more information, ask your branch representative or call 617-876-5500.
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