**Payment Example (10-Year/6-Month Adjustable Rate): A loan amount of $250,000 with an interest rate of 6.500% and an APR of 7.246% will have a monthly payment of $1,580.17 for years 1-10. For years 11-30, payments may change once every 6 months based on any increase or decrease in the Secured Overnight Financing Rate (SOFR) index as outlined in your agreement. Taxes and insurance are not included; therefore, the actual payment obligation will be greater.
The following applies to the 3-year, 5-year, 7-year, and 10-year adjustable-rate mortgage products listed above:
*APR is based on a set of assumptions, which include the following:
- A loan amount of $250,000
- A down payment of 20%
- A loan processing fee of $850
- A 0-point option
- A rate floor of 3.000%
- A margin of 3.000% and lifetime rate cap of 5.000%
- A 1-4 family Residential Dwelling
- A property intended to be utilized as a primary place of residence or second home
- A property located in the State of CT
Please contact one of our mortgage experts about our:
- First-Time Homebuyer rates
- Jumbo rates for loan amounts greater than $766,550
- 1-4 Family Residential Investment Property rates
- Point options
Actual rate may vary based on property type, occupancy, term, and geography.
Rates advertised are a variable rate and will change every 6 months after the initial fixed period: 10 years for 10-Year/6-Month Adjustable-Rate; 7 years for 7-Year/6-Month Adjustable-Rate; 5 years for a 5-Year/6-Month Adjustable-Rate, and 3 years for a 3-Year/6-Month Adjustable-Rate. Interest rate is subject to change every 6 months thereafter. The interest rate will be determined by adding the index to the margin.
Combined Loan to Value (CLTV) up to 95% are available for certain mortgage products, property types and loan amounts.
Hazard Insurance (flood insurance, if applicable) is required.
This is not a commitment to lending; all loans are subject to credit approval and other criteria.
Rates are subject to change without notice.