Current Loan Rates at Washington Trust
Fixed Rate Mortgages (up to $806,500)
| Product Term | Points | Rate | APR* | Monthly Payment** | Payment Calculator |
|---|---|---|---|---|---|
| 30 Year | 0 | 5.875 | 5.971 | 5.92 | Your monthly cost |
| 30 Year | 1 | 5.625 | 5.812 | 5.76 | Your monthly cost |
| 20 Year | 0 | 5.875 | 6.003 | 7.09 | Your monthly cost |
| 20 Year | 1 | 5.375 | 5.622 | 6.81 | Your monthly cost |
| 15 Year | 0 | 5.500 | 5.657 | 8.17 | Your monthly cost |
| 15 Year | 1 | 5.125 | 5.434 | 7.97 | Your monthly cost |
| 10 Year | 0 | 5.500 | 5.723 | 10.85 | Your monthly cost |
| 10 Year | 1 | 5.000 | 5.438 | 10.61 | Your monthly cost |
Payments shown do not include taxes or insurance. Your payments may be greater.
These rates are for Rhode Island, Connecticut and Massachusetts properties.
*Annual Percentage Rate (APR) subject to change without notice.
**Per $1,000 Borrowed.
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.
Jumbo Fixed Mortgage (over $806,500)
| Product Term | Points | Rate | APR* | Monthly Payment** | Payment Calculator |
|---|---|---|---|---|---|
| 30 Year | 0 | 6.125 | 6.186 | 6.08 | Your monthly cost |
| 30 Year | 1 | 6.000 | 6.155 | 6.00 | Your monthly cost |
| 20 Year | 0 | 6.125 | 6.206 | 7.24 | Your monthly cost |
| 20 Year | 1 | 6.000 | 6.206 | 7.16 | Your monthly cost |
| 15 Year | 0 | 5.875 | 5.974 | 8.37 | Your monthly cost |
| 15 Year | 1 | 5.625 | 5.879 | 8.24 | Your monthly cost |
Payments shown do not include taxes or insurance. Your payments may be greater.
These rates are for Rhode Island, Connecticut and Massachusetts properties.
*Annual Percentage Rate (APR) subject to change without notice.
**Per $1,000 Borrowed.
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 | 6.250 | 0 | 6.762 | For months 1 to 60, the payment per $1000 is $6.16. Based on the current index and margin, for months 61 to 360, the rate would be 6.250% and the payment per $1000 is $6.60. |
| 5/6 Jumbo ARM Caps: 2% initial, 1% every six months, 5% lifetime | 30 Years | 5.500 | 1 | 6.559 | For months 1 to 60, the payment per $1000 is $5.68. Based on the current index and margin, for months 61 to 360, the rate would be 6.250% and the payment per $1000 is $6.66. |
| 7/6 Jumbo ARM Caps: 5% initial, 1% every six months, 5% lifetime | 30 Years | 5.750 | 0 | 6.417 | For months 1 to 84, the payment per $1000 is $5.84. Based on the current index and margin, for months 85 to 360, the rate would be 6.250% and the payment per $1000 is $6.84. |
| 7/6 Jumbo ARM Caps: 5% initial, 1% every six months, 5% lifetime | 30 Years | 5.500 | 1 | 6.384 | For months 1 to 84, the payment per $1000 is $5.68. Based on the current index and margin, for months 85 to 360, the rate would be 6.250% and the payment per $1000 is $6.87. |
| 10/6 Jumbo ARM Caps: 5% initial, 1% every six months, 5% lifetime | 30 Years | 6.125 | 0 | 6.483 | For months 1-20, the payment per $1000 is $6.08. Based on the current index and margin, for months 121 to 360, the rate would be 6.250% and the payment per $1000 is $7.31. |
| 10/6 Jumbo ARM Caps: 5% initial, 1% every six months, 5% lifetime | 30 Years | 5.875 | 1 | 6.414 | For months 1 to 120, the payment per $1000 is $5.92. Based on the current index and margin, for months 121 to 360, the rate would be 6.250% and the payment per $1000 is $7.36. |
Payments shown do not include taxes or insurance. Your payments may be greater.
These rates are for Rhode Island, Connecticut and Massachusetts properties.
*Annual Percentage Rate (APR) subject to change without notice.
**Per $1,000 Borrowed.
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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