Mortgages

Whether you are purchasing your first home, up-sizing, down-sizing, or refinancing, we can help you find the right mortgage.

Our Mortgage Officers can meet the most demanding needs with hands-on service and a wide selection of terms and loan amounts – including jumbo and non-conforming mortgages.

Adjustable-Rate Mortgages

Our Adjustable-Rate Mortgages (ARMs) start you out at a low, initial rate for a set period of years and then adjust annually. ARMs can be ideal for first-time home buyers as they may offer lower initial monthly payments than fixed-rate alternatives.

Fixed-Rate Mortgages

If you are looking to lock in a fixed, monthly payment for the life of your mortgage, consider one of our Fixed-Rate Mortgage options.

Which Mortgage is Right for You?

Do you plan to stay in your home for a short or long time? What size monthly payment can you afford? Do you want to pay off principal quickly? There are many questions to answer when selecting the right mortgage.

Try our ARM vs. Fixed-Rate Mortgage Calculator and our 15 vs. 30 year Fixed Rate Calculator to help you find the best mortgage type and term for you.

Best of all, our Mortgage Officers are available to help answer your most detailed questions.

Mortgage Rates

  • For 1-4 family, owner-occupied, primary residences.
  • A 30 year amortization period except where stated for interest-only ARMs.
  • A 2% cap per rate adjustment and 6% lifetime cap.
  • Rate lock-in options are available.
  • Rates below reflect a discount for making automatic payments from a Brookline Bank account. Without Autopay, rates will increase by 0.25%.

 

Rates shown below were in effect on November 24, 2021, and may increase after the initial period. APR calculations are based on a down payment of 20% and a loan amount of $250,000 ($750,000 for Jumbo Mortgages). Payments shown are for monthly principal and interest and do not include taxes or insurance. Rates change frequently and may have changed from those below. This is not an offer of credit. Applicants must qualify. Contact a Brookline Bank Mortgage Officer for current rates.

Adjustable-Rate Mortgages

LOAN TYPELOAN AMOUNTPAYMENT PERIOD (30 YEARS)INTEREST RATEPOINTSANNUAL PERCENTAGE RATE (APR)1MONTHLY PAYMENT PER $1,000 BORROWED
5/1 ARMUp to $750,000First 60 Months

Remaining 300 Months (Fully Indexed)2
2.875%

3.000%
0

-
3.016%

-
$4.15

$4.21
Jumbo 5/1 ARM$750,000 and over3First 60 Months

Remaining 300 Months (Fully Indexed)2
2.875%

3.000%
0

-
2.989%

-
$4.15

$4.21
7/1 ARMUp to $750,000First 84 Months

Remaining 276 Months (Fully Indexed)2
2.999%

3.000%
0

-
3.059%

-
$4.22

$4.22
Jumbo 7/1 ARM$750,000 and over3First 84 Months

Remaining 276 Months (Fully Indexed)2
2.999%

3.000%
0

-
3.033%

-
$4.22

$4.22
10/1 ARM Interest-Only4Up to $750,000First 120 Months

Remaining 240 Months (Fully Indexed)2
3.250%

3.000%
0

-
3.194%

-
$2.71

$5.55
Jumbo 10/1 ARM Interest-Only4$750,000 and over3First 120 Months

Remaining 240 Months (Fully Indexed)2
3.250%

3.000%
0

-
3.171%

-
$2.71

$5.55

1. APRs reflect a discount for making automatic payments from a Brookline Bank Checking Account. Rates and monthly payments will adjust after the fifth, seventh, or tenth year depending on the loan type selected, and each year thereafter. Rate adjustments are capped at 2% per adjustment and 6% for the life of the loan. Adjusted rates are based on an index of the weekly average yield on United States Treasury Securities adjusted to a constant maturity of one year (as published by the Federal Reserve Board in Selected Interest Rates Publication H15) plus a margin of 2.75%. Rates apply to loans for which there is a 20% down payment for purchases or a maximum of 80% financing for refinances. The payment is for monthly principal and interest only for the first five, seven, or ten years depending on which loan type selected. Property insurance is required.
2. Fully Indexed rates and payment examples are estimates of what could apply for the remaining term of the loan based on the current index. Actual interest rates and payments will adjust in accordance with the terms of the loan.
3. Terms for Jumbo ARM amounts in excess of $2,000,000 vary. Speak to a Mortgage Officer for more information.
4. Interest-Only (I/O) ARM payments require interest-only payments at the stated fixed rate for the fixed period then amortize fully using traditional mortgage-style amortization at the fully-indexed variable rate; resetting annually over the remainder of the stated loan term. This is typically 20 years of amortization on a 30 year loan after the initial 10 year interest-only period.

  • For single family, owner-occupied, primary residences.
  • Rate lock-in options are available.
  • Rates below reflect a discount for making automatic payments from a Brookline Bank account. Without Autopay, rates will increase by 0.25%.

Rates shown below were in effect on November 24, 2021.  APR calculations are based on a down payment of 20% and a loan amount of $250,000 ($750,000 for Jumbo Mortgages).  Payments shown are for monthly principal and interest and do not include taxes or insurance. Rates change frequently and may have changed from those below. This is not an offer of credit. Applicants must qualify. Contact a Brookline Bank Mortgage Officer for current rates.

Fixed-Rate Mortgages

LOAN TYPEINTEREST RATEPOINTSANNUAL PERCENTAGE RATE (APR)1TERM IN MONTHSMONTHLY PAYMENT PER $1,000 BORROWED
30-Year Fixed
Loans to $750,000
3.250%03.312%360$4.35

Jumbo 30-Year Fixed

Loans to $2 million2

3.250%03.285%360$4.35
20-Year Fixed
Loans to $750,000
3.125%03.186%240$5.61
Jumbo 20-Year Fixed
Loans to $2 million2
3.125%03.159%240$5.61
15-Year Fixed
Loans to $750,000
2.750%02.856%180$6.79
Jumbo 15-Year Fixed
Loans to $2 million2
2.750%02.807%180$6.79

1. Rates shown are for 1-4 family, owner-occupied, primary residences. Property insurance in required.
2. Terms for Jumbo Mortgage amounts in excess of $2,000,000 vary. Speak to a Mortgage Officer for more information.

Request a call from a Mortgage Officer to discuss your mortgage options or to get your questions answered.

Get Pre-Qualified

We can pre-qualify you so you’ll know how much house you can afford. In many cases, pre-qualified buyers are placed in higher standing by sellers when competing purchase offers are made.

Programs for First-Time Home Buyers

Talk to us about our programs that can offer the potential for lower down payments, lower rates, and/or lower fees.

Contact a Mortgage Officer

Maria Psychos
NMLS ID: 1965318
Michael Moscone
NMLS ID: 476792
Allan Martorana
NMLS ID: 786204
Larry Bourgoin
NMLS ID: 840690