| |
|
Rates are current as of Friday, July 25, 2008
(Mortgage rates last changed on 07/24/2008) |
| FIXED
RATE |
| TYPE |
TERM |
RATE |
POINTS |
APR ± |
| 40 Year Fixed Mortgage |
40 Year |
7.125% |
0 |
7.161% |
Special Program: Loans
over $100,000 only |
|
7.500% |
0/0 Closing |
7.537% |
|
| 30 Year Fixed Mortgage |
30 Year |
6.250% |
2 |
6.483% |
|
|
6.625% |
0 |
6.665% |
Special Program: Loans
over $100,000 only |
|
6.990% |
0/0 Closing |
7.031% |
|
| 15 Year Fixed Mortgage |
15
Year |
5.750% |
2 |
6.131% |
|
|
6.250% |
0 |
6.315% |
Special Program: Loans
over $100,000 only |
|
6.625% |
0/0 Closing |
6.691% |
| CONVERTIBLE
RATE |
| TYPE |
TERM |
RATE |
POINTS |
APR |
| 1 Year ARM * |
30 Year |
4.750% |
1 |
5.219% |
|
|
4.875% |
0 |
5.141% |
|
| 3/1 ARM * |
30 Year |
5.125% |
1 |
5.252% |
|
|
5.250% |
0 |
5.192% |
|
| 5/1 ARM * |
30 Year |
5.500%
|
1 |
5.396% |
|
|
5.625% |
0 |
5.353% |
ADJUSTABLE RATE |
| TYPE |
TERM |
RATE |
POINTS |
APR |
| 3/3 ARM * |
30 Year |
5.500% |
1 |
5.819% |
|
|
5.750% |
0 |
5.888% |
|
| 5/5 ARM * |
30 Year |
5.875% |
1 |
6.237% |
|
|
6.125% |
0 |
6.240% |
| CONSTRUCTION
RATE |
| TYPE |
TERM |
RATE |
POINTS |
APR |
| Construction * |
9 mo. |
5.375% |
1 |
4.423% |
| Construction * |
9 mo. |
5.500% |
0 |
4.340% |
| |
| FIRST
TIME HOMEBUYERS PROGRAM |
| TYPE |
TERM |
RATE |
POINTS |
APR |
| 3/1 ARM * |
30 Year |
5.125% |
0 |
5.626% |
|
| Additional mortgage products are available.
For further information, email us,
stop by one of our branches,
or call (508)-234-8112. |
| Some restrictions may apply. Rates are
effective as of the date shown above and are subject to change without
notice.
* APR subject to change over the life of the loan. 2%
Review Cap, 6% Life Cap.
± Based on 20% down payment. Payment examples per
$1,000 borrowed below:
|
| TYPE |
MONTHLY PAYMENT EXAMPLE |
| FIXED RATE |
|
40 Year, 0
Points
40 Year, 0 Points, 0 Closing30 Year, 2 Points
30 Year, 0 Points
30 Year, 0 Points, 0 Closing
15 Year, 2 Points
15 Year, 0 Points
15 Year, 0 Points, 0 Closing |
$6.31
$6.58
$6.16
$6.40
$6.64
$8.30
$8.57
$8.78
|
| CONVERTIBLE RATE |
1 Year ARM, 1 Point
1 Year ARM, 0 Points
3/1 ARM, 1 Point
3/1 ARM, 0 Points
5/1 ARM, 1 Point
5/1 ARM, 0 Points
|
12 payments of $5.22, then payments of $5.44.
12 payments of $5.29, then payments of
$5.44.
36 payments of $5.44, then payments
of $5.45.
36 payments of $5.52, then payments of
$5.46.
60 payments of $5.68, then payments of
$5.48.
60 payments of $5.76, then payments of $5.48. |
| ADJUSTABLE RATE |
|
| 3/3 ARM, 1 Point
3/3 ARM, 0 Points
5/5 ARM, 1 Point
5/5 ARM, 0 Points |
36 payments of $5.68, then payments of $5.82.
36 payments of $5.84, then payments of $5.85.
60 payments of $5.92, then payments of $6.13.
60 payments of $6.08, then payments of $6.15. |
| CONSTRUCTION RATE |
|
9 Months, 1 Point
9 Months, 0 Points
|
After interest only
construction period, monthly principle and interest payments for 3 payments of $5.52, then 12 payments of $6.81,
then payments of $7.32.
After interest only construction period, monthly principle and
interest payments for 3 payments of $5.60, then 12 payments of $6.90,
then payments of $7.32. |
| FIRST TIME HOMEBUYERS |
|
3/1 ARM, 0 Points |
36 payments of $5.45, then payments of $5.81. |
|
|
