Mortgage Calculator and Connecticut Mortgage Rates

For Connecticut residents looking to purchase a new home or refinance their existing home our mortgage calculator combined with the mortgage rates obtained from Litchfield Bancorp can help determine the loan financing amount and payment options that fit the best.

Litchfield Bancorp is an independent, conservatively managed, community mutual savings bank whose focus is Litchfield County and the surrounding region. Litchfield Bancorp has over $195 million in assets and five bank branch locations in Connecticut. For consumers searching for a mortgage, a car loan, or money for college, home improvements and more, Litchfield Bancorp has lending programs to help.  For consumers who may be buying, building or borrowing against the equity in your home, the bank has a number of home loans to choose from.  The bank offers competitive mortgage rates and with local decision making.

Litchfield Bancorp offers a 30 year fixed rate mortgage with an interest rate of 5.25% with no points and an APR of 5.251%.

The bank has a 15 year fixed rate mortgage that has an interest rate of 4.875% with no points and an APR of 4.877%.

With the help of the mortgage payment calculator, the monthly mortgage payment on the 30 year mortgage for a $250,000.00 with a 20% down payment would be $1,380.00 per month.  Employing the same mortgage payment calculator on the 15 year mortgage yields a monthly mortgage payment of $1,960.00.

The bank offers a wide range of adjustable rate mortgage options including a 3/1 Arm with a rate of 5.125% and no points that has an APR of 3.679%. 

Using the mortgage payment calculator to calculate the month mortgage payment on an ARM loan using this mortgage rate and the same loan and down payment assumptions, the monthly mortgage payment would be $1,360.00.

Mortgage rates are subject to change.  Additional conditions may apply for the listed mortgage loans and payments.  For current mortgage rate information or additional information on home loan products, the bank mortgage representative can be reached at 860-482-9707.  The bank website also provides information on mortgage rates and programs, the web address is www.litchfieldbancorp.com.

Tags: mortgage calculator, mortgage payment calculator, mortgage rates

This entry was posted on Tuesday, January 20th, 2009 at 10:34 am and is filed under Mortgage Ads and Promotions. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.