Rate and Account Disclosure

Effective Date as of  September 12,2020

Conventional Mortgages (Maximum Loan to Value 90%)                                     
TermInterest RatePointsMonthly PaymentAnnual Percentage Rate*
15 Year Fixed Mortgage 2.875% 0% $1026.88 3.100%
20 Year Fixed Mortgage 3.125% 0% $841.32 3.300%
30 Year Fixed Mortgage 3.50% 0% $673.57 3.626%


Pay-O-Matic Program**                                                                                                   
TermInterest RatePointsMonthly PaymentAnnual Percentage Rate*
15 Year Fixed Mortgage 2.625% 0% $1009.04 2.848%
20 Year Fixed Mortgage 2.875% 0% $822.55 3.048%
30 Year Fixed Mortgage 3.25% 0% $652.81 3.375%


* 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 the required 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.

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.

Financial services provided for local customers. All accounts must be opened in person. Other terms, conditions and restrictions apply.