Millbury Savings Bank

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Mortgage Rates

Estimate your payments with our Mortgage Calculator.

A. Fixed Rate Mortgages*
(Effective: Friday, July 04, 2008)

Program
Term
Interest Rate
Points
APR
Monthly Payments
per $1000 borrowed

Fixed Rate Mortgages
15 years
6.250%
0 6.290%
$8.57

20 years
6.500%
0 6.532%
$7.46

30 years
6.625%
0 6.650%
$6.40

*Annual Percentage Rate (APR) based on a minimum loan amount of $100,000 with borrower credit score of at least 680 OR 30% down payment. APRs may vary if down payment or credit score differs. APRs are subject to change without notice. Payments will vary within the disclosed range.

B. First-Time Home Buyer Programs*
(Effective: Friday, July 04, 2008)

Program
Term
Interest Rate
Points
APR
Monthly Payments
per $1000 borrowed

First-Time Home Buyer
30-Year Fixed
30 years
6.750%
0 6.773%

30 years $6.49

*Annual Percentage Rate (APR) based on a minimum loan amount of $100,000. APR subject to change without notice. Fixed rate loan up to 97% financing with PMI with the Massachusetts Housing Finance Agency.

C. Adjustable Rate Mortgages*
(Effective: Friday, July 04, 2008)

Program
Term
Interest Rate
Points
APR
Monthly Payments
per $1000 borrowed

5-Year Fixed/
1-Year ARM
30 years
5.750%
0 5.307%

months 1 to 60 $5.84

months 61 to 360 $5.42

3-Year ARM
30 years
5.500%
0 5.988%

months 1 to 36 $5.67

months 37 to 360 $6.05

1-Year ARM
30 years
5.250%
0 5.403%

months 1 to 12 $5.52

months 13 to 360 $5.37

*Annual Percentage Rate (APR) based on a minimum loan amount of $100,000 with 20% down payment. APRs are subject to change without notice. Payments will vary within the disclosed range. ARM. interest rates may increase after consummation. Margins are indexed to the U.S. Treasury securities weekly average yield adjusted to a constant maturity of 1 or 3 years.

D. Jumbo Mortgages*
(Effective: Friday, July 04, 2008)

Program
Term
Interest Rate
Points
APR
Monthly Payments
per $1000 borrowed

5-Year Fixed/
1-Year ARM
30 years
6.500%
0 5.603%

months 1 to 60 $6.32

months 61 to 360 $5.47

10-Year Fixed/
1-Year ARM
30 years
6.875%
0 6.268%

months 1 to 120 $6.56

months 121 to 360 $5.65

*Annual Percentage Rate (APR) based on a loan amount of $100,000 with no points. Minimum loan amount $417,000. Maximum 70% LTV. Maximum loan amount $1,000,000. Pre-payment penalties apply. APRs subject to change without notice. ARM interest rates may increase after consummation. Limited to single-family, owner-occupied properties in Worcester County. Margins are indexed to the U.S. Treasury securities weekly average yield adjusted to a constant maturity of 1 or 3 years.

Here to serve you!
Our goal is to provide you with the area’s best service and value. Millbury Savings Bank is a mutual savings bank, not an institution owned by stockholders. That means we can put our customers’ interests first.

If you have any questions about our products and services, please complete our information request form, or talk with one of our Customer Service Representatives. They will be happy to answer your questions and assist you in selecting the products and services that best meet your financial needs.

Member FDIC
Member DIF