Mortgage Rates

Effective Date:  September 29, 2023

(opens in a new window)

Apply online using your desktop or mobile device, access calculators(opens in a new window), or choose one of our Mortgage Bankers(opens in a new window) who will guide you through the process. 

We offer a variety of different mortgages including First Time Home Buyer, Construction, fixed and adjustable-rate mortgages.  Below are some popular mortgage terms. 


Term
Interest rate
APR
 Points
Monthly Principal &
Interest Payment
30 Year Fixed Rate 7.125% 7.184% 0.000% $2,021.16
15 Year Fixed Rate 6.750%
 6.869%
 0.000%
 $2,654.73
30 Year Fixed FHA 7.000% 7.868% 0.000% $2,030.84
Ready to Own 7.125% 7.184% 0.000% $2,0121.16
Welcome Home 5.99% 6.272% 0.000% $1,796.72










































Assumptions and general disclosures

  • Rates shown above require a Newtown Savings Bank checking account with auto deduction payment (excluding FHA).
  • The information provided assumes the purpose of the loan is to purchase a property.
  • The property is an existing single family home and will be used as a primary residence.
  • The rate lock period is 60 days.
  • The credit score is 780 or above.
  • The loan amount is $300,000 with an estimated property value of $400,000.
  • The Interest Rate and Annual Percentage Rate (APR) shown above are subject to change without notice.
  • The Annual Percentage Rate (APR) will vary based on your final loan amount and actual finance charges.
  • Payment does not include real estate taxes, homeowner's insurance premiums or mortgage insurance premiums. If applicable, the actual payment obligation will be greater.
  • Loans are subject to credit and property approval.
  • Other rates and terms available.

FHA

  • Total loan amount is $305,250. The base loan amount is $300,000.
  • The total loan amount includes the Upfront Mortgage Insurance Premium of 1.75% of the base loan amount.
  • Annual Mortgage Insurance Premiums will be required for 11 years and charged monthly. If the down payment is less than 10% mortgage insurance is required for the life of the loan. The amount is not included in the monthly payment example shown above.

Ready to Own

  • This program is specifically tailored to meet the needs of first-time home buyers or those who have not owned a home for a period of three years.
  • Learn more about First-Time Homebuyer Mortgages.

Welcome Home

  • This program is designed to meet the needs of homebuyers in low to moderate income areas. Contact a Mortgage Banker to see if you qualify.