Ives Bank - Rates

LOAN PROGRAM	INTEREST RATE¹	APR	Points	DOWN PAYMENT	MONTHLY PRINCIPAL & INTEREST PAYMENT PER $1,000 BORROWED²
30 Year Fixed Rate	6.500%	6.748%	0.00%	20%	$6.32 30 Year Fixed Rate Loan Example
30 Year SBD First Time Homebuyers Program	6.375%	6.601%	0.00%	20%	$6.24 SBD First Time Homebuyer 30 Year Fixed Rate Loan Example
15 Year Fixed Rate	5.875%	5.959%	0.00%	20%	$8.37 15 Year Fixed Rate Loan Example
3 Year Adjustable Rate	6.500%	7.124%	0.00%	20%	$6.32 3/1 ARM Loan Example
5 Year Adjustable Rate	6.500%	7.051%	0.00%	20%	$6.32 5/1 ARM Loan Example
7 Year Adjustable Rate	6.500%	6.991%	0.00%	20%	$6.32 7/1 ARM Loan Example

Interest Rates and Annual Percentage Rates Effective as of: 02/24/2025

¹ For the Adjustable Rate Loans, the initial Interest Rate is not based on the index used to make later adjustments.

² Payment amounts are based on $1,000 borrowed. To determine the approximate monthly payment for any given loan amount, simply multiply the payment amounts above for the loan type requested by the total mortgage amount requested excluding trailing 0’s. For example, the estimated monthly payment amount for a $350,000, 30 year fixed rate loan, at 6.500% Interest Rate would be $2,212.00 ($6.32 x 350).

Loan Assumptions and Disclosures

Interest rates and annual percentage rates (APRs) are based on our current pricing, are for informational purposes only, are subject to change without notice.
The loan type is for a purchased property with 20% down payment and an LTV of 80%.
The property is located in Connecticut and a primary single-family owner-occupied residence.
The rate lock period 60 days.
Actual rates may vary based on credit qualifications, loan amount, CLTV, term and geography.
Your APR will vary based on your final loan amount, finance charges, and credit score.
Advertised loans require an escrow account (monthly collection of subject property taxes and any applicable home-owners insurance you’re your monthly principal and interest payment). Payment amounts above do not include real estate taxes, homeowner's insurance premiums or mortgage insurance premiums. If applicable, the actual payment obligation will be greater.
Mortgage insurance may be required depending on loan guidelines. If mortgage insurance is required, the mortgage insurance premium could increase the APR and the monthly mortgage payment. Additional loan programs may be available.
Adjustable-rate mortgage (ARM) rates assume no increase in the financial index after the initial fixed period. ARM rates and monthly payments are subject to increase after the fixed period. The Adjustable Rate Mortgage loans have a term of 30 years.
Interest Rates and APR’s are based on conforming loans, (maximum loan limit of $766,550). Other rates and terms available
This is not a credit decision or a commitment to lend.

Loan details for 30 year fixed rate mortgage

The following monthly payments are based on a loan amount of $100,000.00 with an initial interest rate of 5.625% (5.853% APR) for 360 months and no points.

The loan sample below is for example purposes only and may not reflect the current Interest rate and APR

Number of Payments	Estimated interest rate	Estimated monthly payments
359	5.625%	$575.66
1	5.625%	$572.24
Final Payment Details The Final payment may be somewhat smaller or larger depending on the amount and timing of payments throughout the life of the loan.

Loan details for 30 year SBD First Time Homebuyer Program

The following monthly payments are based on a loan amount of $100,000.00 with an initial interest rate of 5.125% (5.342% APR) for 360 months with 0 point,

The loan sample below is for example purposes only and may not reflect the current Interest rate and APR

Number of Payments	Estimated interest rate	Estimated monthly payments
359	5.125%	$544.49
1	5.125%	$542.05
Final Payment Details The Final payment may be somewhat smaller or larger depending on the amount and timing of payments throughout the life of the loan.

Loan details for 15 year fixed rate mortgage

The following monthly payments are based on a loan amount of $100,000.00 with an initial interest rate of 4.875% (5.243% APR) for 180 months and no points.

The loan sample below is for example purposes only and may not reflect the current Interest rate and APR

Number of Payments	Estimated interest rate	Estimated monthly payments
179	4.875%	$784.30
1	4.875%	$783.56
Final Payment Details The Final payment may be somewhat smaller or larger depending on the amount and timing of payments throughout the life of the loan.

Loan details for 3/1 adjustable-rate mortgage (ARM)

The following monthly payments are based on a loan amount of $100,000.00 with an initial interest rate of 4.750% (5.627% APR) for 30 years and no points.

The loan sample below is for example purposes only and may not reflect the current Interest rate and APR

Number of Payments	Estimated interest rate	Estimated monthly payments
36	4.750%	$521.65
323	5.625%	$571.60
1	5.625%	$568.00

Adjustable rate details
Current index rate	2.850% (variable)
Margin	2.75%
Rate adjustment frequency	36 Months for first adjustment then every 12 months thereafter
First adjusted interest rate cap	2.000%
Subsequent adjusted interest rate cap	2.000%
Lifetime rate cap	6.000%
Floor Rate	2.750%
Maximum rate and payment adjustments After the initial fixed-rate period based on the initial interest rate and interest rate caps disclosed above, the maximum first adjusted rate for this loan will never be more than 6.75%, with a maximum first payment of $639.00 The maximum lifetime rate will never be more than 10.750% with an estimated maximum monthly payment of $893.00

Loan details for 5/1 adjustable-rate mortgage (ARM)

The following monthly payments are based on a loan amount of $100,000.00 with an initial interest rate of 4.750% (5.507% APR) for 60 months and no points.

The loan sample below is for example purposes only and may not reflect the current Interest rate and APR

Number of Payments	Estimated interest rate	Estimated monthly payments
60	4.750%	$521.65
299	5.625%	$568.73
1	5.625%	$567.96

Adjustable rate details
Current index rate	2.850% (variable)
Margin	2.75%
Rate adjustment frequency	60 Months for first adjustment then every 12 months thereafter
First adjusted interest rate cap	2.000%
Subsequent adjusted interest rate cap	2.000%
Lifetime rate cap	6.000%
Floor Rate	2.750%
Maximum rate and payment adjustments After the initial fixed-rate period based on the initial interest rate and interest rate caps disclosed above, the maximum first adjusted rate for this loan will never be more than 6.750%, with a maximum first payment of $632.00 The maximum lifetime rate will never be more than 10.75% with an estimated maximum monthly payment of $871.00

Loan details for 7/1 adjustable-rate mortgage (ARM)

The following monthly payments are based on a loan amount of $100,000.00 with an initial interest rate of 5.00% (5.531% APR) for 84 months and no points.

The loan sample below is for example purposes only and may not reflect the current Interest rate and APR

Number of Payments	Estimated interest rate	Estimated monthly payments
84	5.00%	$536.82
275	5.625%	$568.67
1	5.625%	$566.42

Adjustable rate details
Current index rate	2.850% (variable)
Margin	2.75%
Rate adjustment frequency	84 Months for first adjustment then every 12 months thereafter
First adjusted interest rate cap	2.000%
Subsequent adjusted interest rate cap	2.000%
Lifetime rate cap	6.000%
Floor Rate	2.750%
Maximum rate and payment adjustments After the initial fixed-rate period based on the initial interest rate and interest rate caps disclosed above, the maximum first adjusted rate for this loan will never be more than 7.00%, with a maximum first payment of $642.00. The maximum lifetime rate will never be more than 11.00% with an estimated maximum monthly payment of $866.00