Mortgage Rates

19 Church Street
Winchester, MA 01890

(781) 729-3620 Contact Us

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You can call or e-mail one of our Mortgage Professionals to answer any of your questions or to ask for advice.

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We offer free pre-approvals, so you can shop for your home knowing that you can afford the mortgage.

Confused about which program to choose?

We offer a variety of loan options to choose from including fixed rate mortgages and adjustable rate mortgages. We offer easy to understand explanations of each program on the site and a Loan Officer is always just a call or e-mail away.

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Fixed Rate Mortgages / Conforming Conventional

Product Interest Rate Points APR * Monthly Payment per $1,000 Borrowed Number of Months
30 Year 3.750% 0 3.758% $4.63 360
20 Year 3.625% 0 3.636% $5.86 240
15 Year 3.250% 0 3.264% $7.03 180

* APR = Annual Percentage Rate and is subject to change at any time.

Conforming mortgages meet the loan limits and underwriting standards of Freddie Mac, and are eligible for sale to the agency.
Loan limits vary by location, and interest rates vary based on the specific loan request, property type, credit score, etc.

Rates shown are based on a minimum down payment of  20% on an owner occupied 1 to 4 family residence and a maximum loan amount of $484,350. For loans above this amount, please contact a Mortgage Professional.

The above payments do not include amounts for taxes and insurance.
The actual payment will be greater if taxes and insurance are included.

 

Adjustable Rate Mortgages (ARM)

Product Initial Rate Points APR * Initial Fixed Period Adjustment Period Monthly Payment per $1,000 Borrowed
3/3 ARM 3.500% 0 3.892% 36 Months 36 Months $4.49 for the first 36 months; then $4.75 for the remaining 324 months
5/5 ARM 3.750% 0 3.838% 60 Months 60 Months $4.63 for the first 60 months; then $4.69 for the remaining 300 months
7/3 ARM 3.990% 0 4.003% 84 Months 36 Months $4.77 for the first 84 months; then $4.77 for the remaining 276 months


* APR = Annual Percentage Rate and is subject to change at any time.

Current Index: 3/3 ARM - 1.440%; 5/5 ARM - 1.430%; 7/3 ARM - 1.440%
Margin: 2.500%
Caps: 2.000% at each adjustment; 5.000% for life of loan

Maximum loan repayment term is 30 years.

Rates shown are based on a minimum down payment of 20% on an owner occupied 1 to 4 family residence.

Payments during the initial fixed period are based on the initial rate; subsequent payments are based on the fully indexed rate which is based on the current index and the margin, rounded to the nearest 1/8%.

The above payments do not include amounts for taxes and insurance.
The actual payment will be greater if taxes and insurance are included.