Spencer Savings Bank

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First-time Homebuyers Program

Rates as of Tuesday, September 7, 2010

Interest Rate Annual Percentage Rate Payment per $1,000 Payments Apply
5/1 Adjustable 30 Year Term, 3% Down Payment
Caps 1% period - 4% lifetime
4.750% 3.809% $5.22 Show Payments and Rates
MHFA Mass Housing Mortgage Fixed Rate
30 year term - 3% down payment
4.500% 4.544% $5.07 Show Payments and Rates

All rates quoted are for owner occupied property. Unless otherwise stated, minimum down payment is 5%. Payment example shown 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.