| Program Name |
Rate |
APR |
Estimated Monthly Payment*
|
|---|
| 15 Year/180 months (Fixed Conforming)1 |
6.250%
|
6.495%
|
$1,886.33 |
| 20 Year/240 months (Fixed Conforming)1 |
6.375%
|
6.572% |
$1,624.11
|
| 30 Year/360 months (Fixed Conforming)1 |
6.625% |
6.777% |
$1,408.68
|
| 1st Time Buyer (Conforming)2 |
6.750% |
6.904% |
$1,426.92 |
| 15 Year/180 months (Fixed Jumbo)3 |
6.750% |
6.842%
|
$8,849.09
|
| HELOC (Other)4 |
8.250% |
8.250% |
$ 687.50 |
*See assumptions listed below.
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 and the actual payment will be greater.
Payments do not include taxes and insurance premiums. The actual payment amount will be greater. An escrow account is required and the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.
1 The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $220,000.00 and an estimated property value of $367,000.00. The property is located in CT and is within Litchfield 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 740.
2 The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $220,000.00 and an estimated purchase price of $231,600.00. The property is located in CT and is within Litchfield 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.
Payments do not include taxes and insurance premiums. The actual payment amount will be greater. An escrow account is required and the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.
3 The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $1,000,000.00 and an estimated property value of $1,450,000.00. The property is located in CT and is within Litchfield 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 740.
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.
4 The information provided is based on a $100,000.00 loan. The property is located in Lakeville, Litchfield county in the State of CT. The property is an existing single family home and will be used as a primary residence. The rate lock period is 0 days. This assumes that the total of all existing mortgages does not exceed 80.% of the property value with an existing Salisbury Bank mortgage.
Interest Rate/APR: Prime Rate as published in the Wall Street Journal, floor rate is currently Prime, the rate is variable and subject to change.
Payment: Minimum monthly payment will be based on interest due.
Term: 10 year draw followed by 10 year repayment period.
Balance Due at End of Loan Term: If you make the minimum monthly payment during the repayment period of your loan on or before the due date, the loan will be paid in full after the repayment period ends.
Application Fee: $100.00 for lines of credit in the amount of $150,000.00 or less. For lines of credit in the amount of $150,001.00 or greater additional closing fees may apply.
New York State properties will have an additional fee of mortgage tax
Annual Fee: $0.00 Membership or Participation fee: $0.00
Maximum APR is 16.00%
