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: February 27, 2015

Term Rate %
25% Down
Points APR
25% Down
# of
monthly
payments
Monthly
Payment
Per $1,000*
30 Year Fixed Rate Conforming up to $417,000 # 3.750% 0 3.774% 360 $4.63
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 # 3.000% 0 3.042% 180 $6.91
10 Year Fixed Rate Conforming up to $417,000 # 3.000% 0 3.061% 120 $9.66
30 Year Fixed Rate Jumbo $517,501 – $2,000,000 ## 3.875% 0 3.894% 360 $4.70
20 Year Fixed Rate Jumbo $517,501 – $2,000,000 ## 3.875% 0 3.902% 240 $5.99
15 Year Fixed Rate Jumbo $517,501 – $2,000,000 ## 3.375% 0 3.409% 180 $7.09
10 Year Fixed Rate Jumbo $517,501 – $2,000,000 ## 3.375% 0 3.424% 120 $9.83
30 Year Fixed Rate Smart Jumbo 1st mortgage of $417,000 ### 3.875% 0 3.899% 360 $4.70
30 Year Fixed Rate Smart Jumbo 2nd mortgage up to $333,000 ### 4.375% 0 4.375% 360 $4.99
15 Year Fixed Rate Smart Jumbo 1st mortgage of $417,000 ### 3.250% 0 3.292% 180 $7.03
15 Year Fixed Rate Smart Jumbo 2nd mortgage up to $333,000 ### 3.750% 0 3.750% 180 $7.27

 

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 or rate/term refinance 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 or rate/term refinance 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.

### The Smart Jumbo is a first and second mortgage loan package. The above rates are for a purchase or rate/term-only refinance with the following terms: 1st mortgage loan amount of $417,000, property of 1 unit, primary residence, 75% or less LTV for first mortgage and 80% maximum combined LTV, and FICO score of 750 or greater for 60 days. Rates may vary based on other scenarios.

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Adjustable Rate Mortgages

Rates Effective as of: February 27, 2015

Purchase Transactions Rate % 20% Down Term Points Monthly
Payment
Per $1,000*
Fully Indexed
Rate%
Term Monthly
Payment
Per $1,000*
APR
20% Down
3/1 Year ARM, up to $2,000,000** 3.000% 3 Years  0 $4.22 3.000% 27 Years $4.22 3.115%
5/1 Year ARM, up to $2,000,000** 3.000 5 Years  0 $4.22 3.000% 25 Years $4.22 3.115%
7/1 Year ARM, up to $2,000,000** 3.500% 7 Years  0 $4.50 3.000% 23 Years $4.27 3.352%
10/1 Year ARM, up to $2,000,000** 3.875% 10 Years  0 $4.71 3.000% 20 Years $4.35 3.664%
5/1 Year ARM-Purchase Jumbo From $417,001 up to $2,000,000*** 2.750% 5 Years 0 $4.09 3.000% 30 Years $4.20 2.995%

 

Adjustable Rate Mortgage Disclosures

All rates subject to change without notice.

Subject to credit approval.

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

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

** Special $895 closing cost package. This special package requires a $500 Administration Fee. 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. Please inquire.

*** 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 $523,751 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. Please inquire. This rate and APR is not available for programs offering discounted closing costs.