Current Loan Rates at Washington Trust

Fixed Rate Mortgages (up to $548,250)

Product TermPointsRateAPR*Monthly Payment**
30 Year0

3.125

3.1904.28
20 Year02.8752.965

5.48

15 Year02.7502.8666.79
10 Year02.5002.6679.43
All rates effective as of October 20, 2021

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.

Jumbo Fixed Mortgage (over $548,250)

Product TermPointsRateAPR*Monthly Payment**
30 Year03.2503.2884.35
20 Year03.0003.0535.55
15 Year02.8752.9426.85
All rates effective as of October 20, 2021

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 Rhode Island, Connecticut and Massachusetts 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 TermTermRatePointsAPR*Monthly Payment**
5/6 Jumbo ARM
Caps: 2% initial, 1% every six months, 5% lifetime
30 years2.50002.864For months 1 to 60, the payment per $1000 is $3.95 Based on the current index and margin, for months 61 to 360, the rate would be 2.250% and the payment per $1000 is $4.36
7/6 Jumbo ARM
Caps: 5% initial, 1% every six months, 5% lifetime
30 years2.50002.808For months 1 to 84, the payment per $1000 is $3.95. Based on the current index and margin, for months 85 to 360, the rate would be 2.250% and the payment per $1000 is $4.64
10/6 Jumbo ARM
Caps: 5% initial, 1% every six months, 5% lifetime
30 years2.75002.886For months 1 to 120, the payment per $1000 is $4.08. Based on the current index and margin, for months 121 to 360, the rate would be 2.250% and the payment per $1000 is $5.18
All rates effective as of October 20, 2021

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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