Rate and Account Disclosure

Effective Date of January 5, 2012

Conventional Mortgages (Maximum Loan to Value 90%)                                     

Term	Interest Rate	Points	Monthly Payment	Annual Percentage Rate*
15 Year Fixed Mortgage	4.375%	0%	$1,137.93	4.482%
20 Year Fixed Mortgage	4.625%	0%	$959.13	4.710%
30 Year Fixed Mortgage	5.125%	0%	$816.73	5.189%

 

Pay-O-Matic Program**                                                                                                   

Term	Interest Rate	Points	Monthly Payment	Annual Percentage Rate*
15 Year Fixed Mortgage	4.125%	0%	$1,118.95	4.232%
20 Year Fixed Mortgage	4.375%	0%	$938.88	4.459%
30 Year Fixed Mortgage	4.875%	0%	$793.81	4.938%

 

* Monthly Payment and Annual Percentage Rate (APR) calculations are based on a loan amount of $150,000 with a 20% downpayment.  Mortgage Insurance not included.

**Pay-O-Matic Program users receive a 1/4% lower interest rate by setting up a preauthorized Electronic auto withdrawal from a Community Savings Bank checking or savings account and maintaining a $1,000 minimum balance. 

Payments shown do not include amounts for real estate taxes and insurance premiums, the actual payment obligations will be more.

Rates shown are for 1 and 2 unit buildings and must be owner occupied.

Maximum loan amount $450,000

Mortgage Insurance required for all loans over 80% Loan to Value.

Multi-Family and Mixed use lending also available.

Additional 1/8% rate reduction with a 30% down payment.

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Rates are subject to change without notice. For more information please call or see one of our Loan Officers during our regular business hours at (773) 685-5300.