Spencer Savings Bank

HomeContactSitemap
 
 

Adjustable Rate Mortgages

Rates as of Tuesday, September 7, 2010

Interest Rate Annual Percentage Rate Payment per $1,000 Payments Apply
Adjustable Rate Mortgages
Conventional 30 Year ARM Loans
3/1 ARM
Caps 2% period - 6% liftetime
5.500% 3.848% $5.68 Show Payments and Rates
5/1 ARM
Caps 2% period - 6% lifetime
6.000% 4.378% $6.00 Show Payments and Rates

All rates quoted are for owner occupied property. Unless otherwise stated, minimum down payment is 5%. Payment example shown on 3/1 ARM is for year 1 – year 3 per $10,000 borrowed; payment example shown on 5/1 ARM is for year 1 – year 5 per $10,000 borrowed. On adjustable rate products, the interest rate may increase after consummation of loan, based on current market conditions

Annual Percentage Rate (APR) based on $100,000.