Mortgage Rates As Of 05/20/2025
Adjustable Rate Mortgages
Adjustable Mortgage Rates as of 05/20/2025
Product | Term | Rate | Points | Annual Percentage Rate (APR)* | Caps | Initial Payment per $1,000.00 | Est. Max Pmt After 1st Adjustment** | Fully Indexed Rate |
|---|---|---|---|---|---|---|---|---|
3/1 ARM | 30 Years | 5.625% | 0.00% | 6.65% | 1/1/5 | 36 @ $5.76 | 324 @ $6.59 | 7.000% |
5/1 ARM | 30 Years | 5.750% | 0.00% | 6.52% | 1/1/5 | 60 @ $5.84 | 300 @ $6.55 | 7.000% |
7/1 ARM | 30 Years | 6.375% | 0.00% | 6.70% | 1/1/5 | 84 @ $6.24 | 276 @ $6.59 | 7.000% |
10/1 ARM | 30 Years | 6.375% | 0.00% | 6.61% | 1/1/5 | 120 @ $6.24 | 240 @$6.55 | 7.000% |
Indexed to the Federal Reserve Board listing the weekly average yields on US Treasury Securities adjusted to a constant maturity of one year plus a margin rounded to the nearest .125%. Ask for our current margin.
*The APR (Annual Percentage Rate) is based on a formula using the interest rate, the term of the loan, and any initial rate discount/premium period, and is based on 20% down payment without Private Mortgage Insurance. The Annual Percentage Rate may increase after consummation.
**Payments at first adjustment are calculated at Fully Indexed Rate
Mortgage payments per $1,000 do not include taxes and insurance, the actual payment obligation may be greater.
1% Rate cap per adjustment; 5% Lifetime rate cap
Minimum down payment of 5% (own funds).
Available for 1-4 family owner occupied residences.
Other payment terms available.
NMLS #480253
First-Time Homebuyer Mortgage Program
First-Time Homebuyer Mortgage Rates as of 05/20/2025
Product | Term | Interest Rate | Points | Annual Percentage Rate (APR)* | Monthly P&I Payment per $1,000.00 |
|---|---|---|---|---|---|
Fixed Rate | 30 Year | 6.125% | 0.00% | 6.18% | $6.08 |
*The APR (Annual Percentage Rate) is based on 20% down payment without Private Mortgage Insurance.
Mortgage payments per $1,000 do not include taxes and insurance, the actual payment obligation may be greater.
Available to first time home buyers (affidavit required) for the purchase or 1-4 family, owner occupied residences.
Minimum down payment of 5% (own funds); Private Mortgage Insurance may be required on loan to value ratios in excess of 80%
Borrower’s will receive a $550.00 lender credit at closing
NMLS #480253
CASB Fixed Rate Mortgage Products
CASB Fixed Mortgage Rates as of 05/20/2025
Product | Term | Rate | Points | Annual Percentage Rate (APR) | Monthly P&I Payment per $1,000.00 |
|---|---|---|---|---|---|
Fixed Rate | 10-yr | 5.250% | 0.00% | 5.37% | $10.73 |
Fixed Rate | 15-yr | 5.625% | 0.00% | 5.71% | $8.24 |
Fixed Rate | 20-yr | 6.250% | 0.00% | 6.32% | $7.31 |
| Fixed Rate | 30-yr | 6.375% | 0.00% | 6.43% | $6.24 |
Mortgage payments per $1,000.00 do not include taxes and insurance. The actual payment obligation may be greater.
Mortgage loans are intended to remain with Cape Ann Savings Bank.
Available to 1 - 4 family, owner occupied properties only.
Minimum loan $40,000.00
Minimum down payment 5% (own funds); Primary Mortgage Insurance may be required on loan to value ratios in excess of 80%. NMLS #480253