Mortgage RatesAdjustable
Rate Mortgages | Interest Rate | Points | APR | Monthly Payments per
$1000 borrowed | | 3/1 ARM | 4.99%* | 0 | 5.524% | First 36 Months $5.36 | | Based on 360 monthly payments 2% annual 6% lifetime cap | | | | 5/1 ARM | 5.375%* | 0 | 5.586% | First 60 Months $5.59 | | Based on 360 monthly payments 2% annual 6% lifetime cap |
Mortgage rates as of 8/18/2008. Annual Percentage Rate (APR) subject to change without notice and may increase after consummation of the loan. Owner-occupied (1-4 family) only. Downpayment of less than 20% (including condominiums) requires mortgage insurance. APRs are based on a 20% downpayment. Index: As of 8/18/2008, the current 1 Year Treasury Security = 2.18%. Margin = 3.25%. These loans have a 30-year term and an adjustable rate feature. Initial rate is fixed for the initial period and then one-year adjustable thereafter. Hazard Insurance is required. APR is based on $10,000 financed.
*Rate reflects a discount of .25% off of the Conventional Loan Rate with automatic funds transfer from a Hampshire First Bank checking account.
Fixed Rate Mortgages
Please contact our Residential Loan Manager directly at
(603) 263-1423 for the most current rates.
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