| Adjustable Rate Mortgages - Home |
| Primary & Secondary Home ~ Purchase or Refinance - $729,750.00 Limit |
|
Loan
|
Term
|
Interest
|
Points
|
APR
|
Monthly Payments
|
|
Type
|
In Years
|
Rate
|
per $1000 borrowed
|
|
3/1 yr ARM
|
30
|
3.375%
|
1
|
3.580%
|
$4.42
|
|
3/1 yr ARM
|
30
|
3.750%
|
0
|
3.590%
|
$4.63
|
|
5/1 yr ARM
|
30
|
4.250%
|
1
|
3.880%
|
$4.92
|
|
5/1 yr ARM
|
30
|
4.500%
|
0
|
3.890%
|
$5.07
|
| |
|
|
|
|
|
| Jumbo Adjustable Rate Mortgages - Home |
| Primary & Secondary Home ~ Purchase or Refinance |
|
Loan
|
Term
|
Interest
|
Points
|
APR
|
Monthly Payments
|
|
Type
|
In Years
|
Rate
|
per $1000 borrowed
|
|
3/1 yr ARM
|
30
|
3.875%
|
1
|
3.700%
|
$4.70
|
|
3/1 yr ARM
|
30
|
4.250%
|
0
|
3.710%
|
$4.92
|
|
5/1 yr ARM
|
30
|
4.750%
|
1
|
4.070%
|
$5.22
|
|
5/1 yr ARM
|
30
|
5.000%
|
0
|
4.080%
|
$5.37
|
|
|
|
|
|
|
All ARMs adjusted with 2% annual caps and 6% lifetime caps. All rates are subject to increase. APRs are based on $125,000.00 loan amount.
3/1 - First adjustment date is after three years; 5/1 - First adjustment date is after 5 years. Annually thereafter for both 3/1 and 5/1. 1/15 and 1/30 adjusted annually.
For loan amounts over $1,500,000.00, .25 basis points are added to the current rate
|
|
|
|
|
|
|
|
| APR - Annual Percentage Rate is the actual cost of credit to the borrower, including interest and certain other charges, expressed as a yearly rate and calculated over the life of the loan. |
|
|
|
|
|
|
|
|
|
| Adjustable Rate Mortgages - Construction Only |
| Primary & Secondary Home Construction |
| Construction - Mandatory Auto Pay from Nantucket Bank Account during Construction Phase |
|
Loan
|
Term
|
Interest
|
Points
|
APR
|
Monthly Payments
|
|
Type
|
In Years
|
Rate
|
per $1000 borrowed
|
|
3/1 yr ARM
|
32
|
3.875%
|
1
|
3.700%
|
$4.62
|
|
5/1 yr ARM
|
32
|
4.750%
|
1
|
3.900%
|
$5.14
|
| |
|
|
|
|
|
|
| Jumbo Adjustable Rate Mortgages - Construction Only |
| Primary & Secondary Home Construction |
| Construction - Mandatory Auto Pay from Nantucket Bank Account during Construction Phase |
|
Loan
|
Term
|
Interest
|
Points
|
APR
|
Monthly Payments
|
|
Type
|
In Years
|
Rate
|
per $1000 borrowed
|
|
3/1 yr ARM
|
32
|
4.375%
|
1
|
3.810%
|
$4.92
|
|
5/1 yr ARM
|
32
|
5.250%
|
1
|
4.020%
|
$5.45
|
| |
|
|
|
|
|
|
|
|
| All ARMs adjusted with 2% annual caps and 6% lifetime caps. All rates are subject to increase. |
| APRs are based on $125,000.00 loan amount. 3/1 - First adjustment date is after three years; |
5/1 - First adjustment date is after 5 years. Annually thereafter for both 3/1 and 5/1. 1/15 and 1/30 adjusted annually.
For loan amounts over $1,500,000.00, .25% basis points are added to the current rate
|
| APR - Annual Percentage Rate is the actual cost of credit to the borrower, including interest |
| and certain other charges, expressed as a yearly rate and calculated over the life of the loan. |
|
|
|
|
|
|
| Conforming Fixed Rate Mortgages* |
Primary & Secondary Home ~ $417,000.00 limit
Primary with Second Unit ~ $533,850.00 limit
*These loans are subject to secondary market underwriting approval. |
|
|
Term
|
Interest
|
Points
|
APR
|
Monthly Payments
|
|
|
In Years
|
Rate
|
per $1000 borrowed
|
|
15
|
4.000%
|
1
|
4.210%
|
$7.40
|
|
15
|
4.250%
|
0
|
4.310%
|
$7.52
|
|
30
|
4.500%
|
1
|
4.620%
|
$5.07
|
|
30
|
4.750%
|
0
|
4.790%
|
$5.22
|
|
|
|
|
|
|
| APRs are based on $125,000.00 loan amount. |
|
|
|
|
|
|
| Conforming Jumbo Fixed Rate Mortgages* |
Primary & Secondary Home ~ $417,001.00 to $729,750.00
*These loans are subject to secondary market underwriting approval. |
|
|
Term
|
Interest
|
Points
|
APR
|
Monthly Payments
|
|
|
In Years
|
Rate
|
per $1000 borrowed
|
|
15
|
4.125%
|
1
|
4.330%
|
$7.46
|
|
15
|
4.375%
|
0
|
4.430%
|
$7.59
|
|
30
|
4.625%
|
1
|
4.750%
|
$5.14
|
|
30
|
4.875%
|
0
|
4.910%
|
$5.29
|
|
|
|
|
|
|
| Non-Conforming Fixed Rate Mortgages |
| Primary & Secondary Home ~ 20% down payment |
|
Term
|
Interest
|
Points
|
APR
|
Monthly Payments
|
|
In Years
|
Rate
|
per $1000 borrowed
|
|
15 |
4.375% |
1 |
4.590% |
$7.59 |
|
15
|
4.625%
|
0
|
4.690%
|
$7.71
|
|
30
|
4.875%
|
1
|
5.000%
|
$5.29
|
|
30
|
5.125%
|
0
|
5.160%
|
$5.44
|
|
|
|
|
|
|
APRs are based on $125,000.00 loan amount.
For loan amounts over $1,500,000.00, .25 basis points are added to current rate
|
|
|
|
|
|
|
|
| APR - Annual Percentage Rate is the actual cost of credit to the borrower, including interest |
| and certain other charges, expressed as a yearly rate and calculated over the life of the loan. |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Whether you're building or refinancing, come to Nantucket Bank, the island 's largest lender, we'll build a mortgage that fits your needs. Please call 508-228-0580
|
