Loan Rates

Mortgage Loan Rates

Mortgage Program Interest Rate Points APR Monthly Payment per $1000 Borrowed
Fixed Rate (1) (2) (3) (4)
30 Year Mortgage Fixed Rate 3.125% 0 3.163% $4.28
20 Year Mortgage Fixed Rate 3.000% 0 3.053% $5.55
15 Year Mortgage Fixed Rate 2.75% 0 2.82% $6.79
10 Year Mortgage Fixed Rate 2.50% 0 2.59% $9.43

(1) For conforming loans up to: $690,000.00

(2) Rates quoted assume a 20% down payment on the purchase of an owner-occupied single family home. Rates are adjusted for credit score, loan-to-value, secondary residence, investment property, and cash-out refinance transactions. Loans with less than a 20% down payment will require mortgage insurance.

(3) Annual percentage rate (APR) assumes a $250,000 loan with a 20% down payment and 15 days prepaid interest. Actual APR may vary based on loan amount and finance charges.

(4) The monthly payment amounts shown include principal and interest. Your actual monthly payment will be greater for payment into an escrow account for taxes, property insurance premiums, mortgage insurance, and flood insurance, if required.

Consumer Loan Rates

Consumer Loan Program Term Interest Rate APR Monthly Payment per $1000 Borrowed
Home Equity Loan (1) 60 mo. 3.50% 3.50% $18.19
120 mo. 3.88% 3.88% $10.07
180 mo. 4.25% 4.25% $7.52
240 mo. 4.63% 4.63% $6.39
Home Equity Line of Credit (1) open-ended 3.25% 3.25% NA
New Auto (2) 24 mo. 3.00% 3.00% $42.98
36 mo. 3.25% 3.25% $29.19
48 mo. 3.50% 3.50% $22.36
60 mo. 3.75% 3.75% $18.30
Used Auto (3) 24 mo. 4.00% 4.00% $43.42
36 mo. 4.25% 4.25% $29.64
48 mo. 4.50% 4.50% $22.80
Passbook Loan (4)
Personal Loan (5) up to 36 mo. 8.00% 8.00% $45.23
Overdraft Protection (6) open-ended 18.00% 18.00% NA
Prime Rate 3.25%

(1) 1st lien or 2nd lien position behind a Methuen Co-operative Bank 1st mortgage up to an 80% loan-to-value. Methuen Co-operative Bank 2nd lien position at the discretion of the Bank.

(2) Up to a 90% loan-to-value based on the sales invoice price.

(3) Up to an 80% loan-to-value.

(4) Up to 480 months. 2% over the earned interest rate. Up to 90% of account balance. Quarterly interest payments required.

(5) Loan amount up to $5,000. Higher amounts will be considered for qualifying borrowers that are well known to the Bank.

(6) Up to $1,000.