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| Rates as of Tuesday, May 06, 2008 |
Rates are current as of the above date and are subject to change at any time without notice. Rates and terms will be confirmed by an Enfield Federal Savings Loan Officer upon receipt of your application. The APR's on a Mortgage assumes a 20% down payment and the loan closing occurs on the first of the month.
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| Enfield Federal Savings and Loan Association lending area is limited to:
- Hartford and Tolland Counties in Connecticut
- Hampden and Hampshire Counties in Western Massachusetts
Current ARM Index 1.93 Current Prime Rate 5.00% | |
| Product Description |
Points |
Interest Rate |
APR |
Payment per $1,000 |
Closing Costs |
Apply |
| Conventional (Owner Occupied) |
| Fixed Rate Mortgage |
| 30 Year Fixed |
0.000 |
6.250% |
6.250% |
$6.16 |
$2,684.80 |
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| 30 Year Fixed |
1.000 |
6.000% |
6.094% |
$6.00 |
$3,674.60 |
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| 30 Year Fixed |
2.000 |
5.750% |
5.937% |
$5.84 |
$4,664.25 |
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| 20 Year Fixed |
0.000 |
5.875% |
5.875% |
$7.09 |
$2,669.50 |
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| 20 Year Fixed |
1.000 |
5.625% |
5.748% |
$6.95 |
$3,659.15 |
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| 20 Year Fixed |
2.000 |
5.375% |
5.621% |
$6.81 |
$4,648.95 |
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| 15 Year Fixed |
0.000 |
5.625% |
5.625% |
$8.24 |
$2,659.15 |
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| 15 Year Fixed |
1.000 |
5.375% |
5.530% |
$8.10 |
$3,648.95 |
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| 15 Year Fixed |
2.000 |
5.125% |
5.434% |
$7.97 |
$4,638.60 |
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| Adjustable Rate Mortgage(ARM) |
| 1 Year Adjustable |
0.000 |
4.750% |
4.686% |
$5.22 |
$2,623.15 |
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| 1 Year Adjustable |
1.000 |
4.500% |
4.752% |
$5.07 |
$3,612.95 |
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| 1 Year Adjustable |
2.000 |
4.250% |
4.818% |
$4.92 |
$4,602.60 |
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| 3/1 Adjustable |
0.000 |
5.000% |
4.756% |
$5.37 |
$2,633.50 |
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| 3/1 Adjustable |
1.000 |
4.750% |
4.784% |
$5.22 |
$3,623.15 |
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| 3/1 Adjustable |
2.000 |
4.500% |
4.812% |
$5.07 |
$4,612.95 |
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| 5/1 Adjustable |
0.000 |
5.500% |
4.987% |
$5.68 |
$2,654.05 |
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| 5/1 Adjustable |
1.000 |
5.250% |
4.981% |
$5.52 |
$3,643.70 |
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| 5/1 Adjustable |
2.000 |
5.000% |
4.976% |
$5.37 |
$4,633.50 |
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| Construction Loans |
| 30 Year Fixed |
0.000 |
6.250% |
6.250% |
$6.23 |
$3,779.80 |
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| 30 Year Fixed |
1.000 |
6.000% |
6.096% |
$6.07 |
$4,494.60 |
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| 30 Year Fixed |
2.000 |
5.750% |
5.941% |
$5.91 |
$5,484.25 |
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| 5/1 Adjustable |
0.000 |
5.500% |
4.994% |
$5.76 |
$3,749.05 |
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| 5/1 Adjustable |
1.000 |
5.250% |
4.988% |
$5.60 |
$4,463.70 |
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| 5/1 Adjustable |
2.000 |
5.000% |
4.983% |
$5.45 |
$5,453.50 |
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| Consumer Loans |
| Home Equity - Up to 80% combined LTV |
| 5 Year Home Equity |
0.000 |
5.750% |
5.750% |
$19.22 |
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| 10 Year Home Equity |
0.000 |
6.000% |
6.000% |
$11.10 |
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| 15 Year Home Equity |
0.000 |
6.250% |
6.250% |
$8.57 |
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| Home Equity Line of Credit (Prime) ** |
0.000 |
5.000% |
5.000% |
$6.60 |
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| Home Equity - Up to 90% combined LTV |
| 5 Year Home Equity |
0.000 |
6.125% |
6.125% |
$19.39 |
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| 10 Year Home Equity |
0.000 |
6.375% |
6.375% |
$11.29 |
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| 15 Year Home Equity |
0.000 |
6.625% |
6.625% |
$8.78 |
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| Home Equity Line of Credit (Prime + 1%) ** |
0.000 |
6.000% |
6.000% |
$7.16 |
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| Auto Loans |
| Auto Loans - NEW (90% LTV) |
0.000 |
6.750% |
6.750% |
$18.18 |
$30.00 |
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| Auto Loans - USED (85%LTV) (2007/2008) |
0.000 |
7.000% |
7.000% |
$19.80 |
$30.00 |
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| Auto Loans - USED (80% LTV) (2005/2006) |
0.000 |
7.250% |
7.250% |
$19.92 |
$30.00 |
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| Auto Loans - USED (75%LTV) (2003/2004) |
0.000 |
7.500% |
7.500% |
$24.18 |
$30.00 |
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| Personal Loans |
| Personal Loan - Secured ** |
0.000 |
11.900% |
11.901% |
$26.28 |
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| Personal Loan - Unsecured ** |
0.000 |
14.900% |
14.900% |
$27.78 |
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Disclaimers |
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- The above rates and points assume a mortgage for the first lien purchase/refinance of a single family, owner occupied primary residence. Other restrictions may apply.
- Closing costs stated are estimated values based on a typical loan scenario.
- Mortgage loans with a loan-to-value ratio of over 80% require Private Mortgage Insurance.
- To calculate your monthly principal and interest payment using the chart above, simply multiply the dollar figure in the payment per $1,000. column by the mortgage amount desired (in thousands) and divide the total by 1000.
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For example: If a 30 year Conventional loan of $80,000 has a rate of 6.25% the payment per thousand would be $6.16 therefore:
Loan amount $80,000.00
Payment per thousand x $6.16
Total $492,800.00
divide total by 1000 giving the monthly principal and interest payment of $492.80 |
- APR's for mortgages are based on $100,000 loan amount, no PMI, and discount points (if applicable).
- APR's and Payment Per Thousand values above are based on the Term specified in the product. For products with unspecified Terms, the maximum allowable Term for the product is utilized as follows: Home Equity Line of Credits assume a 240 month term, Adjustable Rate Loans assume a 360 month term, Construction loans assume a 348 month term, and Personal Loans assume a 48 month term. Auto loan Terms are as follows: New Auto - 90% LTV assumes a 72 month term, Used Auto - 85% LTV assumes a 66 month term, Used Auto - 80% LTV assumes a 60 month term, and Used Auto - 75% LTV assumes a 48 month term.
- Due to market fluctuations programs, rates, terms and conditions are subject to change without notice.
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