 |
Real Estate Loan Rates
Construction to Permanent Loans
| Max Term |
Points |
Interest Rate |
Annual Percentage Rate |
PMT/1K |
12 Months
Construction/30 Years |
0% |
7.000 |
7.04 |
$6.65 |
12 Months
Construction/15 Years |
0% |
6.500 |
6.57 |
$8.71 |
Rates as of June 30, 2006 are for conventional financing and are subject to change without notice. Annual percentage rates are based on $165,000.00 loan with 20% down, include 0 points, and a 12 month construction period. This offer and the above rates are subject to change or withdrawal without notice. In order to receive a guaranteed rate, an application must be submitted, an agreement signed and rate lock fee of $500.00 must be paid to Monson Savings Bank. Alternative Construction Terms are available. Contact Bank for Non-Conforming and Jumbo Rates.
Land Loan-Three Year ARM
| Term |
Points |
Interest Rate |
Annual Percentage Rate |
PMT per 1k |
| 20 Year |
0% |
7.125% |
7.51% |
$7.83 |
Loan to Value ratio not to exceed 80%. Repayment is Interest Only for first 3 years, followed by 17 year amortization. Three year ARM has caps of 2/6 and are based on the 3 year US Treasury rate with a 2.75% margin. Must be an acceptable building lot. May convert the land loan into a construction loan. APR may increase after consummation.
Fixed Rate Conventional Mortgage
| Term (years) |
Points |
Interest Rate |
Annual Percentage Rate |
PMT per 1k |
| 30 Year Fixed Rate |
2 |
6.250% |
6.45% |
$6.16 |
| 30 Year Fixed Rate |
1 |
6.500% |
6.61% |
$6.32 |
| 30 Year Fixed Rate*** |
0 |
6.750% |
6.76% |
$6.49 |
| 20 Year Fixed Rate |
2 |
6.250% |
6.52% |
$7.31 |
| 20 Year Fixed Rate |
1 |
6.500% |
6.64% |
$7.46 |
| 20 Year Fixed Rate |
0 |
6.750% |
6.76% |
$7.60 |
| 15 Year Fixed Rate |
2 |
5.750% |
6.08% |
$8.30 |
| 15 Year Fixed Rate |
1 |
6.000% |
6.17% |
$8.44 |
| 15 Year Fixed Rate** |
0 |
6.250% |
6.26% |
$8.57 |
| 10 Year Fixed Rate |
2 |
5.750% |
6.21% |
$10.98 |
| 10 Year Fixed Rate |
1 |
6.000% |
6.24% |
$11.10 |
| 10 Year Fixed Rate* |
0 |
6.250% |
6.27% |
$11.23 |
Fixed Rate Residential Mortgage Disclosure:
Rates as of June 30, 2006 and are subject to change with out notice. Annual percent rates are based on $165,000 loan with 20% down and include 0, 1, or 2 points as illustrated in the respective products. Terms of repayment for fixed rate products: *120 monthly payments of $11.23 per $1,000 borrowed, **180 payments of $8.57 per $1,000 borrowed, ***360 monthly payments of $6.49 per $1,000 borrowed. This offer and the above rates are all subject to change or withdrawal without notice. In order to receive a guaranteed rate an application must be submitted, an agreement must be signed, and a refundable rate lock fee of $500.00 must be paid to Monson Savings Bank. APR may increase after consummation.
Adjustable Rate Residential Mortgage
| Type of Loan |
Max Term |
Points |
Interest Rate |
Annual Percentage Rate |
PMT per 1k |
| 1 Year ARM* |
30 years |
0% |
4.875 |
7.59 |
$5.29 |
| 3 Year ARM |
30 years |
0% |
5.625 |
7.23 |
$5.76 |
| 3/1 Product |
30 years |
0% |
5.375 |
7.26 |
$5.60 |
| 4/1 Product |
30 years |
0% |
5.625 |
7.17 |
$5.75 |
| 5/1 Product |
30 years |
0% |
5.875 |
7.13 |
$5.92 |
Adjustable Rate Residential Mortgage Disclosure:
Adjustable Rate Residential Mortgage Disclosure: Rates are as of June 30, 2006 are for conventional financing and subject to change with out notice. One year ARM has caps of 2/6 and are based on the 1 year US Treasury rate with a 2.75% margin. Three year ARM has caps of 2/6 and are based on the 3 year US Treasury rate with a 2.75% margin. 3/1 ARM has caps of 2/4 and are based on the 1 year US Treasury rate with a 2.75% margin. 4/1 ARM has caps of 2/4 and are based on the 1 year US Treasury rate with a 2.75% margin. 5/1 ARM has caps of 2/4 and are based on the 1 year US Treasury rate with a 2.75% margin. Annual percentage rates are based on a $165,000 loan with 20% down and include 0 points as illustrated on the respective products. Terms of repayment for adjustable rate products: The 1 year ARM is $5.29 per $1,000 borrowed for the first 12 months, $6.54 after initial adjustment, and $7.11 after 2nd adjustment. The 3 year ARM is $5.76 per $1,000.00 for the 1st 36 months, $6.99 after initial adjustment, and
$7.06 after the 2nd adjustment. The 3/1 year ARM is $5.60 per $1,000.00 for the first 36 months, $6.81 after the initial adjustment, and $7.05 after the 2nd adjustment. The 4/1 year ARM is $5.75 per $1,000.00 for the first 48 months, $6.95 after the initial adjustment, and $7.03 after the 2nd adjustment. The 5/1 year ARM is $5.92 for the first 60 months per $1,000.00,and $7.09 after initial adjustment. Contact Bank for Non-conforming and Jumbo Rates. Subject to change without notice. APR may increase after consummation.
tion.
Home Equity Loan
Fixed Equity
Loan Term |
80% or lower LTV |
Interest Rate |
Annual Percentage Rate |
PMT per 1k |
| 5 years |
|
6.000% |
6.27% |
$19.33 |
| 10 years |
|
6.750% |
6.90% |
$11.48 |
| 15 years |
|
7.125% |
7.23% |
$9.06 |
Home Equity Loan Annual Percentage Rates are based on $100,000 borrowed.
Home Equity Line of Credit
| The rate is Prime + 0% for 80% or lower loan to value loans. The current Prime Rate; as published by The Wall Street Journal; as of May 11, 2006 is 8.000%. The Prime Rate is a variable rate and is reviewed monthly. The maximum APR for this product is 18%. This product has an early termination fee of $500.00 if the line is closed in the first three (3) years from the date of closing. |
Consumer Loan Rates
Automobile Loan
| Age of Vehicle |
Max Term |
Annual Percentage Rate |
PMT Per 1K |
| New 2005/2004 |
36 Months |
6.50 |
$30.79 |
| New 2005/2004 |
48 Months |
7.00 |
$24.06 |
| New 2005/2004 |
60 Months |
7.50 |
$20.14 |
| Used 2004/2001 |
48 months |
8.00 |
$24.53 |
| Used 2000/1999 |
36 months |
8.75 |
$31.84 |
| Older vehicles |
24 months |
13.75 |
$48.13 |
All rates .25% off when automatic withdrawal is set up from a deposit account at Monson Savings. Minimum of 10% down required. Annual Percentage Rates are based on $10,000.00 borrowed.
Consumer Loan Important Disclosure:
These rates represent specific loan scenarios. Actual rates may differ. *APR is based on a two year automobile loan with monthly payments of $ 45.22 per $1,000.00 borrowed.
Deposit Accounts
Savings and deposit account interest rates are updated as of MARCH 31, 2006, are variable rates that will change after the account is opened and are subject to change without notice. Term IRA and Term Certificate of Deposit(CD) accounts offer fixed rates throughout the term of the account. Fees could reduce earnings and substantial penalties may apply for early withdrawal from IRA and CD accounts.
Checking Accounts
| Account Type |
Minimum Balance to Obtain Annual Percentage Yield |
Interest Rate |
Annual Percentage Yield |
| NOW Checking* |
$10.00 |
.10 |
.10 |
| Business NOW Checking* |
$10.00 |
.10 |
.10 |
| Free Checking |
$0.00 |
.00 |
.00 |
| Commercial Checking |
$0.00 |
.00 |
.00 |
*Minimum deposit required to open account is $50.00.
Statement Savings/Savings IRA Accounts
| Balance |
Interest Rate |
Annual Percentage Yield |
| Less than $2,500.00 |
0.70 |
0.70 |
| $2,500.00 to $9,999.99 |
1.24 |
1.25 |
| $10,000.00 to $24,999.99 |
1.49 |
1.50 |
| $25,000.00 to $49,999.99 |
1.98 |
2.00 |
| $50,000.00 to $99,999.99 |
2.47 |
2.50 |
| $100,000.00 plus¹ |
2.96 |
3.00 |
$50.00 minimum deposit to open and $10.00 minimum balance to obtain annual percentage yield on Statement Savings accounts. *Fees could reduce earnings on Statement IRA accounts. $100 minimum deposit to open Statement IRA accounts. ¹Rate not available for Statement IRAs.
Commercial Savings
| Balance |
Interest Rate |
Annual Percentage Yield |
| Less than $2,500.00 |
0.70 |
0.70 |
| $2,500.00 to $9,999.99 |
1.24 |
1.25 |
| $10,000.00 to $24,999.99 |
1.49 |
1.50 |
| $25,000.00 to $49,999.99 |
1.98 |
2.00 |
| $50,000.00 to $99,999.99 |
2.47 |
2.50 |
| $100,000.00 plus |
2.96 |
3.00 |
Other Savings Accounts
| Account Type |
Minimum Balance to Obtain Annual Percentage Yield |
Interest Rate |
Annual Percentage Yield |
| Passbook Savings* |
$50.00 |
.60 |
.60 |
| Special Notice* |
$50.00 |
.60 |
.60 |
*Minimum deposit required to open account is $50.00.
Term Deposit Certificate Rates (CD)
| Term |
Minimum Balance to Obtain Annual Percentage Yield |
Interest Rate |
Annual Percentage Yield |
| 3 months |
$1000.00 |
1.71 |
1.75 |
| 6 months |
$1000.00 |
2.44 |
2.50 |
| 9 months |
$1000.00 |
2.44 |
2.50 |
| 1 year |
$1000.00 |
2.92 |
3.00 |
| 1 ½ year |
$1000.00 |
3.16 |
3.25 |
| 2 year |
$1000.00 |
3.40 |
3.50 |
| 2 ½ year |
$1000.00 |
3.40 |
3.50 |
| 3 year |
$1000.00 |
3.64 |
3.75 |
| 3 ½ year |
$1000.00 |
3.64 |
3.75 |
Minimum of $1,000 is required to open an account.
IRA Term Deposit ****
| Term |
Minimum Balance to Obtain Annual Percentage Yield |
Interest Rate |
Annual Percentage Yield |
| 6 month |
$1000.00 |
2.44 |
2.50 |
| 1 year |
$1000.00 |
2.92 |
3.00 |
| 1 ½ year |
$1000.00 |
3.16 |
3.25 |
| 2 year |
$1000.00 |
3.40 |
3.50 |
| 2 ½ year |
$1000.00 |
3.40 |
3.50 |
| 3 year |
$1000.00 |
3.64 |
3.75 |
| 5 year Variable¹ |
$1000.00 |
1.57 |
1.60 |
| 6 month Roth |
$1000.00 |
2.20 |
2.25 |
| 1 year Roth |
$1000.00 |
2.68 |
2.75 |
| 1 ½ year Roth |
$1000.00 |
3.015 |
3.10 |
| 2 year Roth |
$1000.00 |
3.16 |
3.25 |
| 2 ½ year Roth |
$1000.00 |
3.16 |
3.25 |
| 3 year Roth |
$1000.00 |
3.64 |
3.75 |
| 1 year Educational |
$1000.00 |
2.68 |
2.75 |
| 2 year Educational |
$1000.00 |
3.16 |
3.25 |
| 3 year Educational |
$1000.00 |
3.64 |
3.75 |
*Fees could reduce earnings.
*** Early withdrawl penalty imposed.
¹ Variable rate product, interest rate and APY are based on money market rates and may change after the account is opened.
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