Rates: Overview

Rates

These are the rates as of August 18, 2010.

In Market Mortgage Programs

Residents of Newton, Wellesley, and Waltham – take an extra 1/8% off any of the residential mortgage lending rates listed below.*
TERM RATE POINTS APR MO. PYMNT PER THOUSAND

Conforming Fixed Rate Loan Products
30 Year 4.625% 0 4.662% $5.15
20 Year 4.625% 0 4.676% $6.41
15 Year 4.25% 0 4.314% $7.55

Adjustable Rate Mortgage Products to $750,000
5/1 ARM
30 year
amortization		 3.75% 0 3.247% $4.63/60 months
$4.27/300 months
3.00% = Fully Indexed Rate
7/1 ARM
30 year
amortization		 4.625% 0 3.656% $5.14/84months
$4.38/276 months
3.00% = Fully Indexed Rate
5/3 ARM
30 year
amortization		 4.125% 0 3.746% $4.85/60 months
$4.60/300 months
3.55% = Fully Indexed Rate
7/3 ARM
30 year
amortization		 4.875% 0 4.41% $5.29/84 months
$4.90/276 months
3.55% = Fully Indexed Rate
*To get the 1/8% rate reduction, residents of Newton, Wellesley, and Waltham must maintain an account with a minimum relationship balance of $10,000 or more with an auto-debit payment option from a First Commons Bank-eligible account.

Out of Market Mortgage Programs

Outside of Newton, Wellesley and Waltham, Massachusetts
TERM RATE POINTS APR MO. PYMNT PER THOUSAND

Adjustable Rate Mortgage Products to $750,000
5/1 ARM
30 year
amortization		 4.25% 0 3.387% $4.92/60 months
$4.31/300 months
3.00% = Fully Indexed Rate
7/1 ARM
30 year
amortization		 5.125% 0 3.656% $5.44/84 months
$4.43/276 months
3.00% = Fully Indexed Rate
5/3 ARM
30 year
amortization		 4.625% 0 3.746% $5.14/60 months
$4.63/300 months
3.55% = Fully Indexed Rate
7/3 ARM
30 year
amortization		 5.375% 0 4.59% $5.60/84 months
$4.95/276 months
3.55% = Fully Indexed Rate
***ASK US ABOUT OUR 1 & 2 POINT RATE BUYDOWN OFFERINGS!***
***PORTFOLIO PRODUCT INFORMATION AVAILABLE UPON REQUEST***
***Rates per thous. Based on Loan of $417,000 & costs of $2,000***

20 Year Home Equity Line of Credit
10 YEAR Draw / 10 YEAR Repayment
$1,000 Closing Fees
Reduced to $500 w/auto deduct
from your FCB Account		 $25,000-$50,000
WSJ PRIME + 1.00
APR = 3.750%

$50,001-$200,000
WSJ PRIME + .75
APR = 4.00%		 Floor: 4.00%
Cap: 18.00%
$50 Annual Fee
Property Insurance Required
The Home Equity Line is a variable rate account
***ASK ABOUT OUR FIXED RATE HOME EQUITY LOAN***

Rates are subject to change at any time without notice and are subject to credit approval
Payments shown do not include taxes and insurance. Your payment may be greater

ARM = Adjustable Rate Mortgage. These accounts have a variable rate.
APR = Annual Percentage Rate. APRs assume a LTV of 80%

Equal Housing Opportunity
These are the rates as of August 18, 2010.

CD Rates
Term Without DDA With DDA*
3 Months .25% APY** .35% APY
6 Months .40% APY .50% APY
12 Months 0.90% APY 1.00% APY
13 Months 0.90% APY 1.00% APY
18 Months 1.10% APY 1.20% APY
24 Months 1.20% APY 1.30% APY
     
36 Months 1.50% APY 1.60% APY
4 Years 1.75% APY 1.85% APY
5 Years 2.20% APY 2.25% APY
*DDA is a checking account with direct deposit
**Rates are based on annual percentage yields (APY)

Money Market Rates
Tier Without DDA With DDA*
$2,500-$9,999 .15% APY** .50% APY
$10,000-$24,999 .35% APY .75% APY
$25,000-$99,999 .55% APY .90% APY
$100,000-$249,999 .75% APY 1.10% APY
$250,000-$1,999,999 .75% APY 1.10% APY
$2,000,000+ .10% APY .35% APY
*DDA is a checking account with direct deposit
**Rates are based on annual percentage yields (APY)

Business Money Market rates are also available. To find out more please call us at 617-243-4400 or visit us at our branch at 718 Beacon St. Newton Centre, MA 02459, right next to the Post Office.
 
Rates are subject to change at any time without notice

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