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NEW HAMPSHIRE ADJUSTABLE RATE MORTGAGES

Bellwether's Adjustable Rate Mortgages (ARM's) are home loans that are not fixed for the entire term of the loan. In general, ARM interest rates for the initial period of the loan are usually lower than fixed rate mortgages. Most ARM loans have an initial period where the rate is fixed, but the rate can change after that fixed period. These loans involve more risk than fixed rate mortgages but they can also save you money. Our New Hampshire loan officers are happy to discuss the features and benefits of an ARM with you, to help you determine if an ARM is right for your situation.

LIMITED TIME OFFER: RECEIVE $750 OFF YOUR CLOSING COST*

Receive $750 off your closing cost

Receive $750 off your closing costs when you buy a home with Bellwether! The $750 closing costs credit will be applied to first mortgage applications taken through the end of the business day on August 31, 2019. Please email us at hometeam@bccu.org or call 603-645-8115 for more information.

*Closing credit does NOT apply to FHA/VA/USDA mortgages.


NEW HAMPSHIRE MORTGAGE CALCULATOR

Rates effective as of June 15, 2019

Adjustable Rate Mortgages (ARMs)*
Effective Date: Saturday, June 15th, 2019
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Payment examples shown below do not include taxes or insurance. Your payment may be greater.
Account TypeRateTermAnnual Percentage Rate (APR) As Low As*Payment Example*
1/1 ARM CMT 3.500% 30 years
3.500% initial rate
4.875% fully indexed
4.670% APR Mos 1-12:
$898.09
Fully indexed:
$1,054.01
3/1 ARM CMT 3.500% 30 years
3.500% initial rate
4.875% fully indexed
4.484% APR Mos 1-36:
$898.09
Fully indexed:
$1,044.99
5/1 ARM CMT 3.500% 30 years
3.500% initial rate
4.875% fully indexed
4.323% APR Mos 1-60:
$898.09
Fully indexed:
$1,035.70
5/5 ARM CMT 3.250% 30 years
3.250% initial rate
4.375% fully indexed
3.998% APR Mos 1-60:
$870.42
Fully indexed:
$980.16
Easy Start 5/5 ARM CMT 3.500% 30 years
3.625% initial rate
4.500% fully indexed
4.087% APR Mos 1-60:
$898.09
Fully indexed:
$984.45
7/1 ARM CMT 3.750% 30 years
3.750% initial rate
4.875% fully indexed
4.354% APR Mos 1-84:
$926.23
Fully indexed:
$1,032.33
10/1 ARM CMT 3.875% 30 years
3.875% initial rate
4.875% fully indexed
4.232% APR Mos 1-120:
$940.47
Fully indexed:
$1,024.66

 

* All rates and Annual Percentage Rates (APR) subject to change without notice. APR and payment example are based on a $200,000 loan and a 20% down payment. ARM CMT loans shown have a 30 year term, are payable monthly, and include an adjustable rate feature. Initial rate is fixed for the initial period and then one year adjustable thereafter.

 

 

Caps
1/1, 3/1, and 5/1 ARM CMT = 2/2/6
7/1 and 10/1 ARM CMT = 5/2/5
5/5 ARM CMT = 2/2/5

Index and Margin
Index: One Year US Treasury Bill. As of 6/7/2019: 2.05, Margin: 2.75%, Your rate will be rounded up to the nearest eighth.


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