Rate and Account Disclosure

Effective Date as of January 9, 2021

 

Conventional Mortgages

TermInterest RatePoints

Monthly Payment

Annual Percentage Rate *
15 Year Fixed Mortgage

2.50%

0%

$1000.19

2.723%

20 Year Fixed Mortgage 2.75% 0% $813.25 2.923%
30 Year Fixed Mortgage 3.00% 0% $632.41 3.123%

(Maximum Loan to Value 90%)


Pay-O-Matic Program**

TermInterest RatePoints

Monthly Payment

Annual Percentage Rate *
15 Year Fixed Mortgage

2.25%

0%

$982.63

2.471%

20 Year Fixed Mortgage 2.50% 0% $794.86 2.671%
30 Year Fixed Mortgage 2.75% 0% $612.37 2.871%

* Monthly payment and annual percentage rate (APR) calculations are based on a loan amount of $150,000 with a 20% down payment.

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

**Pay-O-Matic program users receive a 1/4% lower interest rate by setting up a pre-authorized electronic auto withdrawal from a Community Savings Bank Checking or Savings account and maintaining the required minimum balance.

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

Rates shown are for 1-4 unit apartment buildings and must be owner occupied.

Mortgage insurance required for all loans with down payments less than 20%.

Maximum loan amount $510,000

Multi-Family and Mixed-Use lending also available.

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.

 

Back to Top