Mortgage Rates and Terms

Choose from Fixed Rates and Adjustable Rates

Fixed-Rate Mortgages

  • For  single family, owner-occupied, primary residences.
  • Rate lock-in options are available.

Rates shown below were in effect on October 11, 2018. APR calculations are based on a FICO score of 750, a down payment of 20% and a loan amount of $250,000 ($750,000 for Jumbo Mortgages). Payments shown do not include taxes or insurance, therefore your payment will be greater.   Rates may change several times a day and may have changed from those below.  Contact a Brookline Bank mortgage specialist for current rates.

LOAN
TYPE
INTEREST
RATE
POINTS ANNUAL
PERCENTAGE
RATE (APR)1
TERM IN
MONTHS
MONTHLY
PAYMENT
PER $1,000
BORROWED
30-Year
Fixed

Loans to
$453,100

4.875% 0 4.970% 360 $5.29
Jumbo
30-Year
Fixed

Loans to
$1 million
4.875% 0 4.931% 360 $5.29
15-Year
Fixed

Loans to
$453,100
4.25% 0 4.407% 180 $7.52
Jumbo
15-Year
Fixed

Loans to
$1 million
4.50% 0 4.591% 180 $7.65
10-Year
Fixed

Loans to
$750,000
4.25% 0 4.437% 120 $10.24

 

1 Rates shown are for single-family, owner-occupied, primary residences, and for which there is a 20% down payment for purchases or a maximum of 80% financing for refinances. Property insurance in required. The payment is for monthly principal and interest only. Please ask about our rates available for multi-family properties.
2Terms for Jumbo Mortgage amounts in excess of $1,000,000 vary. Speak to a Mortgage Specialist for more information.

 

Contact a Mortgage Specialist:

Ed Bloom
P. 617-558-6826  ebloom@brkl.com  NMLS ID: 786205

Larry Bourgoin
P. 781-863-5807 • lbourgoin@brkl.com • NMLS ID: 840690

Allan Martorana
P. 781-393-2812  amartorana@brkl.com • NMLS ID: 786204

Mary McCarthy
P. 617-323-5259  mcmccarthy@brkl.com • NMLS ID: 22880

 

 

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Adjustable-Rate Mortgages

  • For 1-4 family, owner-occupied, primary residences.
  • A 30 year amortization period.
  • 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 October 11, 2018, 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, therefore your payment will be greater.   Rates change frequently and may have changed from those below.   Contact a Brookline Bank mortgage specialist for current rates.

LOAN
TYPE
LOAN
AMOUNT
PAYMENT
PERIOD
(30
YEARS)
INTEREST
RATE
POINTS ANNUAL
PERCENTAGE
RATE (APR)1
MONTHLY
PAYMENT
PER $1,000
BORROWED
3/1
ARM
Up to
$750,000
First 36
Months
3.875% 0 5.086% $4.70
    Remaining
324
Months
(Fully
Indexed)2
5.375% - - $5.53
Jumbo
3/1
ARM
$750,000
and over3
First 36
Months
3.999% 0 5.087% $4.77
    Remaining
324
Months
(Fully
Indexed)2
5.375% - - $5.53
5/1
ARM
Up to
$750,000
First 60
Months
3.999% 0 4.935% $4.77
    Remaining
300
Months
(Fully
Indexed)2
5.375% - -

 

$5.49

 

Jumbo
5/1
ARM
$750,000
and over3
First 60
Months
4.125% 0 4.952% $4.85
    Remaining
300
Months
(Fully
Indexed)2
5.375% - - $5.50
7/1
ARM
Up to
$750,000
First 84
Months
4.125% 0 4.839% $4.85
    Remaining
276
Months
(Fully
Indexed)2
5.375% - - $5.45
Jumbo
7/1
ARM
$750,000
and over3
First 84
Months
4.25% 0 4.870% $4.92
    Remaining
276
Months
(Fully
Indexed)2
5.375% - - $5.47

 

1 APRs reflect a discount for making automatic payments from a Brookline Bank account. Rates and monthly payments will adjust after the third, fifth or seventh 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 three, five or seven 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 $1,999,999 vary. Speak to a Mortgage Specialist for more information.

 

Contact a Mortgage Specialist:

Ed Bloom
P. 781- 718-8171  ebloom@brkl.com  NMLS ID: 786205

Larry Bourgoin
P. 781-863-5807 • lbourgoin@brkl.com • NMLS ID: 840690

Allan Martorana
P. 781- 393-2812  amartorana@brkl.com  NMLS ID: 786204

Mary McCarthy
P. 617-323-5259  mcmccarthy@brkl.com  NMLS ID: 22880

 

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