Current RatesLOAN RATESFixed Mortgage Rates (Includes Construction)
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Effective Date: 05/07/2008
| Mortgage Type |
Term |
Points |
Rate |
Annual
Percentage
Rate(APR) |
Payment per
$1,000 borrowed
|
| Fixed |
15 Years |
0
|
5.625% |
5.628% |
$8.24
|
| Fixed |
15 Years |
1
|
5.375% |
5.530% |
$8.10
|
| Fixed |
15 Years |
2
|
5.125% |
5.437% |
$7.97
|
| Fixed |
30 Years |
0
|
6.125% |
6.127% |
$6.08
|
| Fixed |
30 Years |
1
|
5.875% |
5.970% |
$5.92
|
| Fixed |
30 Years |
2
|
5.625% |
5.812% |
$5.76
|
First-Time Homebuyer Program
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Effective Date: 05/07/2008
| Mortgage Type |
Term |
Points |
Rate |
Annual
Percentage
Rate(APR) |
Payment per
$1,000 borrowed
|
Mass Advantage
(up to 97% Financing) |
30 Years |
0
|
6.125% |
6.140% |
$6.08
|
Mass Advantage
(up to 97% Financing) |
30 Years |
2
|
5.875% |
6.080% |
$5.92
|
Adjustable Mortgage Rates
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Effective Date: 05/07/2008
| Mortgage Type |
Term |
Points |
Rate |
Annual
Percentage
Rate(APR) |
Payment per
$1,000 borrowed
|
| 1 Year Adjustable |
30 Years |
0
|
4.625% |
6.440% |
$5.14
|
| 3/1 Year Adjustable |
30 Years |
0
|
5.125% |
6.610% |
$5.44
|
| 5/1 Adjustable |
30 Years |
0
|
5.625% |
6.820% |
$5.76
|
Maximum rate increase for 1 Year Adjustable Rate Mortgages is 2% per adjustment and 6% over the life of loan.
3/1 Adjustable Rate Mortgage is fixed for the first 3 years then adjusts annually 2% maximum adjustment per year and 6% maximum adjustment over the life of the loan.
5/1 Adjustable Rate Mortgage is fixed for the first 5 years then adjusts annually 2% maximum adjustment per year and 6% maximum adjustment over the life of the loan.
Annual Percentage Rate's (APR) are based on a 20% down payment and $100,000 financed.
All mortgage rates are for 1-4 Family Owner-Occupied homes.
Private Mortgage Insurance is required on Loan-to-Values in excess of 80%.
Home Equity Rates
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Effective Date: 05/07/2008
| Type |
Term |
Annual
Percentage
Rate(APR) |
Payment per
$1,000 borrowed
|
| Equity Line of Credit |
10-Year Draw Period |
5.000%** |
Varies
|
| Fixed Rate Equity Loan |
5 Year |
6.250% |
$19.45
|
| Fixed Rate Equity Loan |
10 Year |
6.750% |
$11.48
|
| Fixed Rate Equity Loan |
15 Year |
7.000% |
$8.99
|
| Fixed Rate Equity Loan |
20 Year |
7.500% |
$8.06
|
**This is a variable rate loan that adjusts to the Prime Rate published in the Wall Street Journal (effective 04-30-08). The maximum Annual Percentage Rate for this loan is 18%.
Consumer Loan Rates
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Effective Date: 05/07/2008
| Type |
Term |
Annual Percentage Rate |
Payment per
$1,000 borrowed
|
| Unsecured Personal Loan |
36 Months |
12.50%* |
$33.45
|
| Other Loans Available |
| Passbook Loans |
|
3% above acct. rate |
*Rates will decrease another .25% if payments are automatically
deducted from a North Brookfield Savings Bank account.
Land & Mobile Home Loans are also available.
Please call 508-867-1301 for more details.
Auto/Motorcycle Loan Rates
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Effective Date: 05/07/2008
Rates listed below assume a down payment (cash or trade) of at least 20% of purchase price. Other down payment options are available.
| Type |
Term |
Annual Percentage
Rate (APR)
|
Payment per
$1,000 borrowed
|
| New |
60 Months |
5.75%*
|
$19.22
|
| Used 1-3 Years Old |
48 Months |
6.00%*
|
$23.49
|
| Used 4+ Years Old |
36 Months |
6.00%*
|
$30.42
|
| Motor Homes |
120 Months |
9.25%*
|
$12.80
|
| All Terrain Vehicles |
60 Months |
9.00%*
|
$20.76
|
| Commercial |
60 Months |
8.25%*
|
$20.40
|
*Rates will decrease another .25% if payments are automatically deducted from a North Brookfield Savings Bank account.
 |
