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| RESIDENTIAL MORTGAGES |
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REFINANCE TRANSACTIONS |
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Fixed Rate Mortgages |
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A fixed rate mortgage offers borrowers the same monthly principal and interest payments over the life of the loan. Monson Savings Bank offers a variety of fixed rate mortgages with flexible repayment terms designed to meet your needs. For those customers who can afford a higher monthly payment, a shorter term loan will help you build equity faster while lowering the total amount of the interest you will pay over the life of the loan. Longer term loans offer lower monthly payments which may allow you to qualify for a higher mortgage amount. |
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Rates as of Friday, July 3, 2009
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2.000
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5.250%
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5.427%
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$4.99
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Show Payments
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$7,075.69
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1.000
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5.500%
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5.603%
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$5.16
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Show Payments
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$5,442.94
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0.000
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5.750%
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5.776%
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$5.33
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Show Payments
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$3,810.04
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2.000
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4.750%
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4.956%
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$5.22
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Show Payments
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$7,041.34
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1.000
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5.000%
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5.119%
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$5.37
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Show Payments
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$5,408.59
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0.000
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5.250%
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5.280%
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$5.52
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Show Payments
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$3,775.69
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2.000
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4.750%
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5.031%
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$6.46
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Show Payments
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$7,041.34
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1.000
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4.875%
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5.036%
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$6.53
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Show Payments
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$5,399.89
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0.000
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5.125%
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5.166%
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$6.67
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Show Payments
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$3,767.14
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2.000
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4.375%
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4.729%
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$7.59
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Show Payments
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$7,015.54
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1.000
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4.500%
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4.702%
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$7.65
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Show Payments
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$5,374.09
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0.000
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4.625%
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4.676%
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$7.71
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Show Payments
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$3,732.79
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2.000
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4.250%
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4.756%
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$10.24
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Show Payments
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$7,006.99
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1.000
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4.375%
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4.663%
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$10.30
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Show Payments
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$5,365.54
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0.000
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4.500%
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4.573%
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$10.36
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Show Payments
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$3,724.09
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Fixed Rate Residential Mortgage Disclosure: |
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Rates are subject to change without notice. Annual percent rates are based on $165,000 loan with 20% down and include 0, 1, or 2 points as illustrated in the respective products. Terms of repayment for fixed rate products: 120 monthly payments, 180 monthly payments, 360 monthly payments of or 480 monthly payments.
This offer and the above rates are all subject to change or withdrawal without notice.
In order to receive a guaranteed rate an application must be submitted, an appraisal must be done, an agreement must be signed, and a refundable rate lock fee of $500.00 must be paid to Monson Savings Bank. |
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Adjustable Rate Mortgages |
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Rather than pay a fixed rate for the life of the loan, these mortgages offer lower interest rates at the outset of the mortgage, then adjust periodically depending on the loan product you choose. The interest rate can adjust, up or down, based on U.S. Treasury rates at the time your loan is reviewed. You are protected by caps which restrict how much the interest rate
will increase or decrease at each review and over the life of the loan. Adjustable rate mortgages are attractive to borrowers who would like the lower monthly payments or who don't plan on being in the home for more than a few years. |
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Adjustable Rate Residential Mortgage Disclosure: |
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Rates are for conventional financing and are subject to change without notice. Annual percent rates are based on $165,000 loan with 20% down and include 0, 1, or 2 points as illustrated in the respective products. One year ARM has caps of 2/6 and are based on the 1 year US Treasury rate with a 2.75% margin. Three year ARM has caps of 2/6 and are based on the 3 year US Treasury rate with a 2.75% margin. 3/1, 4/1 & 5/1 ARM have caps of 2/4 and are based on the 1 year US Treasury rate with a 2.75% margin. Annual percentage rates are based on a $165,000 loan with 20% down and include 0 points as illustrated on the respective products. Terms of repayment for adjustable rate products: Subject to change without notice. APR may increase after consummation. |
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