Cambridge Savings Bank


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Buying a home or refinancing a mortgage is one of the most important decisions you will ever make.

To help make the process easier and efficient, we offer a variety of mortgage programs with competitive rates, flexible terms, and fast loan processing and approvals. We are also very flexible, so we can normally accommodate almost any commitment or closing date requirement.

Our mortgage program options include:

  • Fixed-Rate Mortgages
  • Adjustable-Rate Mortgages
  • Jumbo Mortgages
  • First-Time Homebuyer Mortgages
  • MassHousing Partnership Mortgage Program
  • MassHousing Finance Agency Program
  • Construction to Permanent Mortgages
  • Combination Mortgages
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Fixed Rate Mortgages

Rates Effective as of: September 2, 2015

Term Rate With
20% Down
Points APR With
20% Down
# of
monthly
payments
Monthly
Payment
Per $1,000
30 Year Fixed Rate Conforming up to $417,000 # 3.875% 0 3.899% 360 $4.70
20 Year Fixed Rate Conforming up to $417,000 # 3.625% 0 3.658% 240 $5.86
15 Year Fixed Rate Conforming up to $417,000 # 3.125% 0 3.167% 180 $6.97
10 Year Fixed Rate Conforming up to $417,000 # 3.000% 0 3.061% 120 $9.66
30 Year Fixed Rate Jumbo From $517,501 – $2,000,000 ## 4.000% 0 4.019% 360 $4.77
20 Year Fixed Rate Jumbo From $517,501 – $2,000,000 ## 3.875% 0 3.902% 240 $5.99
15 Year Fixed Rate Jumbo From $517,501 – $2,000,000 ## 3.625% 0 3.659% 180 $7.21
10 Year Fixed Rate Jumbo From $517,501 – $2,000,000 ## 3.375% 0 3.425% 120 $9.83

 

Fixed Rate Mortgage Disclosures

All rates subject to change without notice.

Subject to credit approval.

Payment amounts on the above products do not include taxes and insurance. Your payments may be greater.

# Conforming Fixed rates above are based upon a loan amount of $417,000, 1 unit, primary residence, purchase with a loan to value of 80% or less and FICO Score 750 or greater for 60 days. Rates may vary based on other scenarios.

## Jumbo Fixed rates above are based upon a loan amount of $517,501, 1 unit, primary residence, purchase with a loan to value of 80% or less and FICO Score 750 or greater for 60 days. Rates may vary based on other scenarios.

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Adjustable Rate Mortgages

Rates Effective as of: September 2, 2015

Purchase Transactions Rate With 20% Down Term Points Monthly Payment Per $1,000 Fully Indexed
Rate%
Term Monthly Payment Per $1,000 APR With
20% Down
5/1 Year ARM Purchase Jumbo From $417,001 up to $2,000,000*  2.750% 5 Years  0  $4.09  3.125%  25 Years  $4.26 3.036%
5/1 Year ARM Conforming up to $417,000** 3.000% 5 Years  0 $4.22 3.125% 25 Years $4.28 3.135%
5/1 Year ARM Jumbo From $517,501 up to $2,000,000** 3.375% 5 Years  0 $4.43 3.125% 25 Years $4.30 3.253%
7/1 Year ARM Conforming up to $417,000** 3.250% 7 Years  0 $4.36 3.125% 23 Years $4.20 3.238%
7/1 Year ARM Jumbo From $417,001 up to $2,000,000** 3.500% 7 Years  0 $4.50 3.125% 23 Years $4.22 3.345%
10/1 Year ARM Conforming up to $417,000** 3.500% 10 Years  0 $4.50 3.125% 20 Years $4.34 3.412%
10/1 Year ARM Jumbo From $417,001 up to $2,000,000** 3.750% 10 Years 0 $4.64 3.125% 20 Years $4.38 3.557%

 

Adjustable Rate Mortgage Disclosures

All rates subject to change without notice.

Subject to credit approval.

Payment amounts on the above products do not include taxes and insurance. Your payments may be greater.

Adjustable rate programs are based on a 30 year term. The rate may increase after the initial period.

The fully-indexed rate is equal to a margin plus the current one-year T-Bill or Libor Rate. Please ask us about the current index and margin for these products.

*Available on owner occupied, purchase transactions only, FICO score 680 or greater for 60 days, 1 unit $417,001 up to $2,000,000 and 2 unit $533,851 up to $2,000,000. A $500 Administration Fee is required. Fees not spent (Appraisal fee, Credit Report Fee, etc are fees that could be spent) will be refunded to you. Additional fees and closing costs may apply. This rate and APR is not available for programs offering discounted closing costs.

**Rates above are based on a single family, primary residence, purchase with a loan to value of 80% or less and FICO Score 750 or greater for 60 days. Rates may vary based on other scenarios.