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All Bank Offices are closing at 2pm on Thursday, July 3rd and will be closed for business on Friday, July 4th in celebration of Independence Day. Our ATMs, Online, Mobile, & Telephone Banking services are available 24/7. Happy 4th of July!

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Mortgage Rates

Adjustable Mortgage Rates as of 06-24-2025

Adjustable Rate Mortgages

Adjustable Rate Mortgages
ProductTermRatePointsAnnual Percentage Rate (APR)*CapsInitial Payment per $1,000.00Est. Max Pmt After 1st Adjustment**Fully Indexed Rate
3/1 ARM30 Years5.625%0.00%6.73%1/1/536 @ $5.76324 @ $6.667.125%
5/1 ARM30 Years5.750%0.00%6.58%1/1/560 @ $5.84300 @ $6.627.125%
7/1 ARM30 Years6.375%0.00%6.76%1/1/584 @ $6.24276 @ $6.667.125%
10/1 ARM30 Years6.375%0.00%6.66%1/1/5120 @ $6.24240 @$6.627.125%

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 Rates as of 06-24-2025

First-Time Homebuyer Mortgage Program

First-Time Homebuyer Mortgage Program
ProductTermInterest RatePointsAnnual Percentage Rate (APR)*Monthly P&I Payment per $1,000.00
Fixed Rate30 Year6.125%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 Mortgage Rates as of **DATE_EFFECTIVE**

CASB Fixed Rate Mortgage Products

CASB Fixed Rate Mortgage Products
ProductTermRatePointsAnnual Percentage Rate (APR)Monthly P&I Payment per $1,000.00
Fixed Rate10-yr5.250%0.00%5.37%$10.73
Fixed Rate15-yr5.625%0.00%5.71%$8.24
Fixed Rate20-yr6.250%0.00%6.32%$7.31
Fixed Rate30-yr6.375%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

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