Mortgage Rates
Please REFRESH this page each
time you visit to be sure you have the latest information. |
Effective May 9, 2008
|
| 1-2 Family,
Owner Occupied Maximum loan amount $417,000 Conventional & Bi-Weekly Products |
|
CONVENTIONAL
&
BI-WEEKLY |
CONVENTIONAL |
BI-WEEKLY |
|
PRODUCT |
CONV TERM |
DOWN PAYMENT |
RATE |
POINTS |
APR |
EST TERM |
APR |
|
FIXED RATES |
15 yrs |
20% |
5.125% |
2.0
pt. |
5.469% |
13 yrs 04 months |
5.508% |
| |
15 yrs |
20% |
5.375% |
1.0
pt. |
5.565% |
13 yrs 04 months |
5.586% |
| |
15 yrs |
20% |
5.625% |
-0-pt. |
5.661% |
13 yrs 03 months |
5.665% |
| |
30 yrs |
20% |
5.625% |
2.0 pt. |
5.815% |
24 yrs
09 months |
5.856% |
| |
30 yrs |
20% |
5.875% |
1.0 pt. |
5.990% |
24 yrs 06 months |
6.001% |
| |
30 yrs |
20% |
6.125% |
-0-pt. |
6.147% |
24 yrs
04 months |
6.144% |
LOANS WITH LESS THAN 20% DOWN REQUIRE PRIVATE MORTGAGE
INSURANCE (PMI-SUBJECT TO APPROVAL) APR WILL BE HIGHER.
|
| 1-2 Family,
Owner Occupied Maximum loan amount $417,000 |
|
|
|
|
|
| PRODUCT |
CONV TERM |
DOWN PAYMENT |
RATE |
POINTS |
APR |
MARGIN |
DISCOUNT |
| 1 yr Adjustable Rate |
30 yrs |
20% |
4.250% |
2.0 pt. |
4.900% |
2.750% |
0.500% |
| 1 yr Adjustable Rate |
30 yrs |
20% |
4.500% |
1.0 pt. |
4.834% |
2.750% |
0.250% |
| 1 yr Adjustable Rate |
30 yrs |
20% |
4.750% |
-0-pt. |
4.768% |
2.750% |
0.000% |
| 3 yr Adjustable Rate |
30 yrs |
20% |
4.625% |
2.0 pt. |
5.295% |
2.750% |
0.625% |
| 3 yr Adjustable Rate |
30 yrs |
20% |
4.875% |
1.0 pt. |
5.266% |
2.750% |
0.375% |
| 3 yr Adjustable Rate |
30 yrs |
20% |
5.125% |
-0-pt. |
5.238% |
2.750% |
0.125% |
| 5/1 yr Adjustable Rate |
30 yrs |
20% |
5.000% |
2.0 pt. |
4.961% |
2.750% |
-0.250% |
| 5/1 yr Adjustable Rate |
30 yrs |
20% |
5.250% |
1.0 pt. |
4.967% |
2.750% |
-0.500% |
| 5/1 yr Adjustable Rate |
30 yrs |
20% |
5.500% |
-0-pt. |
4.973% |
2.750% |
-0.750% |
| Adjustable rate products
have an annual rate cap of 2% lifetime rate cap of 6% |
3-4 Family, Owner Occupied (MAX LTV 75%)
"Please contact a mortgage originator for rates on 3
to 4 family owner occupied properties" |
| |
FIXED RATE JUMBO MONTHLY & BI-WEEKLY MORTGAGES
up to $750,000 |
| |
|
|
|
BI-WEEKLY |
| 1 Family, Owner
Occupied |
TERM |
DOWN PAYMENT |
RATE |
POINTS |
APR |
EST TERM |
APR |
| |
30 yrs |
20% |
6.125% |
2.0 pt. |
6.322% |
24 yrs
04 months |
6.348% |
| |
30 yrs |
20% |
6.375% |
1.0 pt. |
6.477% |
24 yrs
02 months |
6.489% |
| |
30 yrs |
20% |
6.625% |
-0-pt. |
6.631% |
23 yrs
11 months |
6.628% |
| |
INDEX
1 yr index Based on 1 year US Treasury Security weekly
yield. 1.93%
3 yr index Based
on 3 year US Treasury Security weekly yield.
2.56%
5/1 yr index Based on 1 year US Treasury Security weekly yield.
1.93%
A) an
example of a 30 Year fixed rate mortgage 20% down, -0- points: A $100,000.00
loan with an APR of 6.147% will have 360 monthly payments of $607.62.
B) an
example of a Bi-Weekly 30 Year fixed rate mortgage 20% down, -0- points: A
$100,000.00 loan with an APR of 6.144% will have 633 payments of $303.81 due
every 14 days.
The Bi-Weekly mortgage requires that
payments be taken automatically by us from your Thomaston Savings Bank
checking or statement savings account. The first column is the amortization
period in which a monthly payment is based if it were monthly. The last
column is the estimated term of the loan due to the fact that it is
biweekly.
C) an
example of a 1yr Adjustable Rate 30 year mortgage with 20% down -2- points, 2.00%
annual cap and 6.00% lifetime cap: A $100,000.00 loan with an APR of 4.900% will
have 12 payments of $491.94 and 347 payments @ $506.32 and 1 payment of
$500.04.
All mortgages with less than 20% down
may require Private Mortgage Insurance (PMI-subject to approval) APR will be
higher. Variable and adjustable rates may increase during the term of the loan.
Please contact a customer service representative for rate and product
information. Interest Rates, APR (Annual Percentage Rate), Points, Fees and
Conditions are Subject to Change Without Notice.
Rates on this page will not be honored
at any time after a rate change.
ANYONE INTERESTED IN APPLYING
FOR FINANCING WILL BE FURNISHED WITH APPLICABLE TRUTH IN LENDING DISCLOSURES
AND OTHER PERTINENT INFORMATION AS REQUIRED.
Equal Housing Lender. Member FDIC.