Loan Rates
Effective as of 8/20/10
[Top] Mortgage Loan Rates
| Fixed Rate Mortgages | |||||
|---|---|---|---|---|---|
| Product | Interest Rate | Annual Percentage Rate (APR) |
Points | Term in Months |
Payment per $1000 |
| 10-year fixed | 4.250% | 4.300% | 0 | 120 | $10.24 |
| 15-year fixed | 4.000% | 4.040% | 0 | 180 | $7.40 |
| 30-year fixed | 4.375% | 4.400% | 0 | 360 | $4.99 |
|
For loans greater than the following amounts, | |||||
| Single Family Home | $417,000.00 | ||||
| Two Family Home | $533,850.00 | ||||
| Three Family Home | $645,300.00 | ||||
| Four Family Home | $801,950.00 | ||||
Notes concerning Fixed Rate Mortgages:
- Owner occupied, 1-4 family properties.
- APRs and interest rates shown may vary depending on your credit worthiness and loan-to-value ratio and does not include amounts for taxes and insurance premuims which may increase the payment due.
- Subject to credit approval.
- APRs are based on a 20% down payment.
- Rates subject to change without notice.
- For more information concerning residential mortgages, please e-mail us at e-lending@fnbi.com or call Linda Dumais at 978-356-8216 or Lauri Carlson at 978-356-8114.
- Construction to Permanent mortgages are also available. For more information please e-mail us
at e-lending@fnbi.com or call Linda Dumais at 978-356-8216.
[Top] Adjustable Rate Mortgages
| Adjustable Rate Mortgages | ||||||
|---|---|---|---|---|---|---|
| Product | Interest Rate |
Annual Percentage Rate (APR) |
Points | Term in Months |
Payment per $1000 |
Payment per $1000 at Fully Indexed Rate |
| 3/1 adjustable - 1 point | 4.000% | 3.610% | 1 | 360 | $4.77 | $4.28 |
| 3/1 adjustable - no points | 4.250% | 3.590% | 0 | 360 | $4.92 | $4.28 |
| 5/1 adjustable - 1 point | 4.250% | 3.790% | 1 | 360 | $4.92 | $4.28 |
| 5/1 adjustable - no points | 4.500% | 3.790% | 0 | 360 | $5.07 | $4.28 |
| 7/1 adjustable - 1 point | 5.000% | 4.260% | 1 | 360 | $5.37 | $4.28 |
| 7/1 adjustable - no points | 5.250% | 4.300% | 0 | 360 | $5.52 | $4.28 |
| Jumbo Adjustable Rate Mortgages | ||||||
|---|---|---|---|---|---|---|
|
For loans greater than the following amounts, | ||||||
| Single Family Home | $417,000.00 | |||||
| Two Family Home | $533,850.00 | |||||
| Three Family Home | $645,300.00 | |||||
| Four Family Home | $801,950.00 | |||||
Notes concerning Adjustable Rate Mortgages:
- Annual Percentage Rate (APR) may increase after consummation and does not include amounts for taxes and insurance premuims which may increase the payment due.
- 2% cap per adjustment. 6% lifetime cap
- Owner occupied, 1-4 family properties
- Subject to credit approval
- Rates subject to change without notice
- Loan to Value (LTV) Ratios are up to 80% on residential properties
- Loan to Value (LTV) Ratios are up to 75% on condos or townhouses
- For more information concerning residential mortgages, please e-mail us
at e-lending@fnbi.com or call Linda Dumais at 978-356-8216 or Lauri Carlson at 978-356-8114. - Construction to Permanent mortgages are also available. For more information please e-mail us
at e-lending@fnbi.com or call Linda Dumais at 978-356-8216.
[Top] Home Equity Line
| Home Equity Line of Credit | |
|---|---|
| Current Annual Percentage Rate (APR) | Index |
| 5.00* | Wall Street Journal Prime |
| * The Annual Percentage Rate (APR) will be the Wall Street Journal (WSJ) prime minus .50% variable for the life of the loan. The minimum APR over the life of the loan will be 5.00%. Annual Percentage Rate (APR) may vary and is based on the prime rate as quoted in the Wall Street Journal (WSJ) and is subject to change. Initial draw of $25,000 and automatic payments from a FNBI account are required at closing. If below required draw amount or no automatic payment set up at closing, the rate will be the WSJ Prime Rate variable for the life of the loan. Subject to verification of credit. Rates and terms may change at any time without notice and may vary by property type and loan amount. | |
Notes concerning Home Equity Line of Credit:
- Owner occupied, 1-4 family properties
- Up to 75% of the equity in your home
- No points
- No annual fee
- Early termination fee may apply if mortgage is discharged prior to the end of the 24th month
- The maximum APR is 18%. The minimum APR is 5.00%.
- Property insurance is required if property is in a flood zone Flood insurance is required.
- No closing costs on 2nd position equity liens on loan requests over $25,000
- Reduced closing costs on 1st position equity liens estimated to be between $400 - $1,000 on loan requests over $25,000
- For more information concerning our home equity loan, please e-mail us at
e-lending@fnbi.com or call Linda Dumais at 978-356-8216 or Lauri Carlson at 978-356-8114.
[Top] Home Equity Loan
| Home Equity Fixed Rate Loan | |||||
|---|---|---|---|---|---|
| Product | Interest Rate | Annual Percentage Rate (APR) |
Points | Term in Months |
Payment per $1000 |
| 5-year fixed | 6.250% | 6.290% | 0 | 60 | $19.45 |
| 10-year fixed | 6.500% | 6.520% | 0 | 120 | $11.36 |
| 15-year fixed | 6.750% | 6.770% | 0 | 180 | $ 8.85 |
| * Fixed rate and set monthly principal and interest payments for the life of the loan. 5,10 and 15 year terms available. Rates are based on automatic payments from a First National Bank of Ipswich deposit account. Rates are subject to change weekly. | |||||
Notes concerning Home Equity Loans:
- Loans under $25,000 may be priced higher
- Type of property: 1-4 family owner occupied
- Not available on leased land
- Maximum LTV- up to 75%
- Early termination fee may apply if mortgage is discharged prior to the end of the 24th month
- Property insurance is required; if property is in a flood zone flood insurance will be required.
- No closing costs on 2nd position equity liens on loan requests over $25,000, excluding any fees associated with the property being held in a Trust
- Reduced closing costs on 1st position equity liens estimated to be between $400 - $1,000 on loan requests over $25,000
- Bank will pay up to $300 towards an appraisal if required
- One advance at closing, no additional advances allowed
- For more information concerning our home equity loan, please e-mail us at
e-lending@fnbi.com or call Linda Dumais at 978-356-8216 or Lauri Carlson at 978-356-8114.
[Top] Auto Loan Rates
| Automobile and Vehicle Loans | ||||
|---|---|---|---|---|
| Loan Type | Annual Percentage Rate (APR) |
Term | Loan to Value (LTV) |
Payment per $1000 |
| Boats, Motorcycles, Other | n/a | n/a | 75% | n/a |
| New Vehicle | 5.990%* | 60 mos** | 90% | $19.33 |
| Used Vehicle | 7.500%* | 48 mos** | 70% | $24.18 |
Notes concerning Auto and Vehicle Loans:
- Minimum loan amount is $1,000
- * Rate is based on automatic payments from an FNBI deposit account
- ** Maximum
[Top] Personal Loan Rates
| Installment and Overdraft Protection Loans | ||||
|---|---|---|---|---|
| Loan Type | Annual Percentage Rate (APR) |
Term | Maximum Amount |
Payment per $1000 |
| Installment Loan | 13.000%* | 24 months | $10,000.00 | $47.54 |
| Overdraft Protection | 18.000% | n/a | $10,000.00 | n/a |
| Secured Overdraft Protection | 18.000% | n/a | $10,000.00 | n/a |
Notes concerning Personal Loans:
- Minimum loan amount for Installment Loan is $1,000
- Minimum loan amount for Overdraft Protection is $500
- Minimum loan amount for Secured Overdraft Protection is $500
- * Rate is based on automatic payments from an FNBI deposit account
