Cambridge Trust Company

Home Equity Comparison Chart

A Cambridge Trust Home Equity Line or Loan – let us help you decide which is right for you.

Loan Type	Home Equity Line of Credit	Home Equity Loan

How this account works	A variable-rate line of credit with the option to convert new or existing balances to a fixed-rate, fixed-term advance	Receive the entire amount upfront with fixed payments and a fixed rate. No ongoing ability to draw additional funds.

Uses for your Equity	Convenient access to a reusable source of cash when you need it Flexible use of available credit for multiple purposes or unexpected expenses	Borrow a specific amount for a one-time purchase or expense Consolidate high-interest debt or pay for a specific purchase

Interest Rate	Low, variable rate tied to the Prime Rate A rate as low as Prime – 1% with auto-deduct for Premium or Premium Plus Checking customers* Flexibility to convert part or all of a balance to a fixed-rate and fixed-term loan advance**	Competitive, fixed rate for the life of the loan .25% rate discount with auto-deduct for Premium or Premium Plus Checking customers

Terms	Draw period followed by repayment period	Choice of flexible payment terms to meet your needs and budget

Payments	Interest-only payments during draw period Principal and interest payments during repayment period Flexibility to convert part or all of a balance to a fixed-rate loan advance**	Fixed monthly payments of principal and interest for the entire term

Access to Funds	Check writing for easy access to funds	Receive a lump sum upon loan closing

Disclosures
* The Home Equity Line of Credit interest rate is variable and subject to change monthly. The Maximum Annual Percent Rate (APR) of interest is 18%. The APR is based on the value of an index. The index is the Wall Street Journal Prime Interest Rate. Fee for early termination applies. The Bank will pay routine legal expenses associated with the closing costs. If the legal fees incurred are beyond those usually required for our typical home equity closing, the excess fees may be the responsibility of the borrower. Property insurance is required. Borrower pays the appraisal fee of approximately $175-$275 for a home equity line of credit or home equity loan in excess of $250,000 or in excess of 50% of the property’s tax- assessed value. Other terms and conditions apply for lines and loans over $500,000. Consult your tax adviser about tax deductibility. Please see a Customer Service Representative for details. Relationship rate is available to borrowers who maintain a Cambridge Trust Company Premium or Premium Plus deposit account, with auto-debit of the monthly payment from a Cambridge Trust Company deposit account. Minimum APR of 4% applies.

** Conversion fee is $50. A minimum conversion amount will apply.

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.

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