A fixed rate mortgage provides you with the security of a rate that does not change.
| Fixed Rate Mortgages Effective October 9, 2024 |
A fixed rate mortgage provides you with the security of a rate that does not change.
| Program | Rate* | Points | APR* | Payment per $1,000 Borrowed |
|---|---|---|---|---|
| 10 Year Fixed | 5.500% | 5.776% | $10.85 | |
| 15 Year Fixed | 5.625% | 5.820% | $8.24 | |
| 20 Year Fixed | 6.125% | 6.283% | $7.24 | |
| 30 Year Fixed | 6.375% | 6.496% | $6.24 |
Rates and terms are for single family, owner-occupied or second homes. Please call for rates for investment properties. Payments do not include real estate taxes and insurance. Flood insurance may be required. These items will increase your total monthly payment obligation.
*The interest rates and annual percentage rates (APR) are subject to change without notice. Based on 20% down payment.
Speak with our Chief Loan Officer, Margaret Murray
about your mortgage loan options. Just click the below
link and select a day and time that suits you!
| Adjustable Rate Mortgage Effective October 9, 2024 |
An adjustable rate mortgage has a monthly payment that may change over the term of the loan.
| Program | Rate* | Points | APR* | Payment per $1,000 Borrowed |
|---|---|---|---|---|
| 5/1 ARM** | 6.000% | 6.549% | $6.00 | |
| 7/1 ARM*** | 6.250% | 6.649% | $6.16 |
The information provided assumes the purpose of the loan is to purchase an existing single family home that will be used as a primary residence.
*The interest rates and annual percentage rates (APR) are subject to change without notice. The APR may increase after consummation. Based on 20% down payment.
**Monthly payments per $1,000 borrowed. The monthly payment amounts shown include principal and interest. The payments DO NOT include amounts for real estate taxes and insurance premiums. These items will increase your total monthly payment. Payments are due monthly for the term of the loan.
5/1ARM: At a 6.000% initial interest rate, the APR for these loan types is 6.549%, subject to increase. Based on current market conditions, the monthly payment schedule would be:
The payment schedule is based on a $100,000 loan.
7/1ARM: At a 6.250% initial interest rate, the APR for these loan types is 6.649%, subject to increase. Based on current market conditions, the monthly payment schedule would be:
The payment schedule is based on a $100,000 loan.
For more information about our products and services, please email Margaret Murray at mmurray@bankofeaston.com or call (508)238-1000.
Speak with our Chief Loan Officer, Margaret Murray
about your mortgage loan options. Just click the below
link and select a day and time that suits you!
Main Office:
508-238-1000
Robert Drive Office:
508-238-2092
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