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Mortgage Rates

Residential Mortgage Lending Rates*

TypeRateAPRPoints
30 Year Fixed Rate4.500%4.530%0.000%
20 Year Fixed Rate4.250%4.269%0.000%
Jumbo 20 Year Fixed Rate4.2504.254%0.00%
15 Year Fixed Rate3.875%3.890%0.00%
3/3 Year Adjustable Rate3.125%3.998%0.000%
5/1 Year Adjustable Rate3.500%3.938%0.000%
7/1 Year Adjustable Rate3.625%3.962%0.000%
First Time Home Buyers 7/1 Year Adjustable Rate (with auto-deduct from SSB checking account) - First 84 months 3.625%3.738%0.000%
First Time Home Buyers 7/1 Year Adjustable Rate (with out auto-deduct from SSB checking account) - First 84 months3.625% 4.134%0.5%

*30 Year Fixed Rate:

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $240,000 and an estimated property value of $300,000. The property is located Norfolk county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 45 days and the assumed credit score is 700.

At a 4.500% interest rate, the APR for this loan type is 4.530%. The monthly payment schedule would be:

  • 359 payments of $1,216.04 at an interest rate of 4.500%
  • 1 payment of $1217.73 at an interest rate of 4.500%

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

 

20 Year Fixed Rate:

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $240,000 and an estimated property value of $300,000. The property is located within Norfolk county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 45 days and the assumed credit score is 700.

At a 4.250%  interest rate, the APR for this loan type is 4.269%. The monthly payment schedule would be:

  • 239 payments of $1,486.16 at an interest rate of 4.250%
  • 1 payment of $1,486.76 at an interest rate of 4.250%

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

20 Year Fixed Jumbo:

*Payments shown do not include taxes or insurance, actual payments may be greater. Rates and offers are in effect as of January 02, 2018 for new applications only, for a limited time, and subject to change without notice. This payment example assumes a loan with 0.000 points that is intended to purchase a property with a loan amount of $679,650 and an estimated property value of $800,000. The property is an existing single family home and will be used as a primary residence. The rate lock period is 60 days and the assumed credit score is 740.

 At a 4.250% interest rate, the APR for this loan type is 4.254% The monthly payment schedule would be:

  • 239 payments of $4,208.63 at an interest rate of 4.250%
  • 1 payments of $4,207.42 at an interest rate of 4.250%

 If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

15 Year Fixed Rate:

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $240,000 and an estimated property value of $300,000. The property is located within Norfolk county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 45 days and the assumed credit score is 700.

At a 3.875%  interest rate, the APR for this loan type is 3.890%. The monthly payment schedule would be:

  • 179 payments of $1,760.25 at an interest rate of  3.875%
  • 1 payment of $1,761.14 at an interest rate of 3.875%

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

 3/3 Year Adjustable Rate:

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $240,000 and an estimated property value of $300,000. The property is located within Norfolk county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 45 days and the assumed credit score is 700.

At a 3.125% initial interest rate, the APR for this loan type is 3.998%, subject to increase. Based on current market conditions, the monthly payment schedule would be:

  • 36 payments of $1,028.10 at an interest rate of 3.125%
  • 323 payments of $1,167.56 at an interest rate of 4.250%
  • 1 payment of $1,168.40 at an interest rate of 4.250%

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

5/1 Year Adjustable Rate:

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $240,000 and an estimated property value of $300,000. The property is located within Norfolk county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 45 days and the assumed credit score is 700.

At a 3.500% initial interest rate, the APR for this loan type is 3.938%, subject to increase. Based on current market conditions, the monthly payment schedule would be:

  • 60 payments of $1,077.71 at an interest rate of 3.500%
  • 299 payments of $1,211.88 at an interest rate of 4.500%
  • 1 payment of $1,212.28 at an interest rate of 4.500%

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

7/1 Year Adjustable Rate:

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $240,000 and an estimated property value of $300,000. The property is located within Norfolk county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 45 days and the assumed credit score is 700.

At a 3.625% initial interest rate, the APR for this loan type is 3.962%, subject to increase. Based on current market conditions, the monthly payment schedule would be:

  • 84 payments of $1,094.52 at an interest rate of 3.625%
  • 275 payments of $1,163.66 at an interest rate of 4.250%
  • 1 payment of $1,163.32 at an interest rate of 4.250%

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

 

Conventional FTHB 7/1 ARM (with auto deduct from South Shore Bank account)

No Points

At a 3.625% initial interest rate, the APR for this loan type is 4.093%, subject to increase. Based on current market conditions, the monthly payment schedule would be:

  • 84 payments of $912.10 at an interest rate of 3.625%
  • 275 payments of $993.30 at an interest rate of 4.500%
  • 1 payment of $994.17 at an interest rate of 4.500%

This payment schedule is based on a $200,000 loan amount. 

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

Conventional FTHB 7/1 ARM (without auto deduct from South Shore Bank account)

.50% Point

At a 3.625% initial interest rate, the APR for this loan type is 4.134%, subject to increase. Based on current market conditions, the monthly payment schedule would be:

  • 84 payments of $912.10 at an interest rate of 3.625%
  • 275 payments of $993.30 at an interest rate of 4.625% and .50% point
  • 1 payment of $994.17 at an interest rate of 4.625%

This payment schedule is based on a $200,000 loan amount. 

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

7/1 ARM Jumbo:

At a 3.500% initial interest rate, the APR for this loan type is 4.14% , subject to increase. Based on current market conditions, the monthly payment schedule would be:

  • 84 payments of $$2,918.79 at an interest rate of 3.500% 
  • 275 payments of $3,198.58 at an interest rate of 3.500% 
  • 1 payment of $3,198.65 at an interest rate of 3.500% 

This payment schedule is based on a $650,000 loan on a $900,000

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.