Current Loan Rates at Washington Trust
Fixed Rate Mortgages (up to $726,200)
| Product Term | Points | Rate | APR* | Monthly Payment** | Payment Calculator |
|---|---|---|---|---|---|
| 30 Year | 0 | 7.250 | 7.360 | 6.82 | Your monthly cost |
| 30 Year | 1 | 7.000 | 7.209 | 6.65 | Your monthly cost |
| 20 Year | 0 | 7.125 | 7.266 | 7.83 | Your monthly cost |
| 20 Year | 1 | 6.875 | 7.145 | 7.68 | Your monthly cost |
| 15 Year | 0 | 6.750 | 6.921 | 8.85 | Your monthly cost |
| 15 Year | 1 | 6.375 | 6.703 | 8.64 | Your monthly cost |
| 10 Year | 0 | 6.750 | 6.990 | 11.48 | Your monthly cost |
| 10 Year | 1 | 6.375 | 6.838 | 11.29 | Your monthly cost |
Jumbo Fixed Mortgage (over $726,200)
| Product Term | Points | Rate | APR* | Monthly Payment** | Payment Calculator |
|---|---|---|---|---|---|
| 30 Year | 0 | 7.500 | 7.572 | 6.99 | Your monthly cost |
| 30 Year | 1 | 7.250 | 7.422 | 6.82 | Your monthly cost |
| 20 Year | 0 | 7.000 | 7.088 | 7.75 | Your monthly cost |
| 20 Year | 1 | 6.750 | 6.966 | 7.60 | Your monthly cost |
| 15 Year | 0 | 6.750 | 6.858 | 8.85 | Your monthly cost |
| 15 Year | 1 | 6.500 | 6.766 | 8.71 | Your monthly cost |
These rates are for Rhode Island, Connecticut and Massachusetts properties.
*Annual Percentage Rate (APR) subject to change without notice.
**Per $1,000 Borrowed. Payments shown do not include taxes or insurance. Your payments may be greater.
Owner-occupied single family properties only. APR based on 40% downpayment and 0 points. Downpayment of less than 20% requires mortgage insurance. Property and flood insurance where required.
Adjustable Rate Mortgage
| Product Term | Term | Rate | Points | APR | Monthly Payment** |
|---|---|---|---|---|---|
| 5/6 Jumbo ARM Caps: 2% initial, 1% every six months, 5% lifetime |
30 Years | 7.375 | 0 | 8.025 | For months 1 to 60, the payment per $1000 is $6.91. Based on the current index and margin, for months 61 to 360, the rate would be 7.625% and the payment per $1000 is $7.47. |
| 5/6 Jumbo ARM Caps: 2% initial, 1% every six months, 5% lifetime |
30 Years | 7.000 |
1 | 7.971 | For months 1 to 60, the payment per $1000 is $6.65. Based on the current index and margin, for months 61 to 360, the rate would be 7.625 % and the payment per $1000 is $7.52. |
| 7/6 Jumbo ARM Caps: 5% initial, 1% every six months, 5% lifetime |
30 Years | 7.500 | 0 | 7.973 | For months 1 to 84, the payment per $1000 is $6.99. Based on the current index and margin, for months 85 to 360, the rate would be 7.625% and the payment per $1000 is $7.69. |
| 7/6 Jumbo ARM Caps: 5% initial, 1% every six months, 5% lifetime |
30 Years | 7.250 |
1 | 7.941 | For months 1 to 84, the payment per $1000 is $6.82. Based on the current index and margin, for months 85 to 360, the rate would be 7.625% and the payment per $1000 is $7.72. |
| 10/6 Jumbo ARM Caps: 5% initial, 1% every six months, 5% lifetime |
30 Years | 7.625 |
0 | 7.933 |
For months 1 to 120, the payment per $1000 is $7.08. Based on the current index and margin, for months 121 to 360, the rate would be 7.625% and the payment per $1000 is $8.13. |
| 10/6 Jumbo ARM Caps: 5% initial, 1% every six months, 5% lifetime |
30 Years | 7.375 | 1 | 7.866 | For months 1 to 120, the payment per $1000 is $6.91. Based on the current index and margin, for months 121 to 360, the rate would be 7.625% and the payment per $1000 is $8.18. |
These rates are for Rhode Island, Connecticut and Massachusetts properties.
*Annual Percentage Rate (APR) subject to change without notice.
**Per $1,000 Borrowed. Payments shown do not include taxes or insurance. Your payments may be greater.
Index is the 30-day average SOFR. APR is variable and may increase after closing. Owner-occupied Rhode Island, Connecticut and Massachusetts single family properties only. APR based on 20% downpayment and 0 points. Downpayment of less than 20% requires mortgage insurance. Property and flood insurance where required. Subject to credit approval.
Rhode Island Housing, VA Loans & FHA Loans
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