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 | 5.875 | 5.962 | 5.92 | Your monthly cost |
| 30 Year | 1 | 5.625 | 5.803 | 5.76 | Your monthly cost |
| 20 Year | 0 | 5.625 | 5.739 | 6.95 | Your monthly cost |
| 20 Year | 1 | 5.375 | 5.611 | 6.81 | Your monthly cost |
| 15 Year | 0 | 5.250 | 5.390 | 8.04 | Your monthly cost |
| 15 Year | 1 | 5.000 | 5.293 | 7.91 | Your monthly cost |
| 10 Year | 0 | 5.250 | 5.450 | 10.73 | Your monthly cost |
| 10 Year | 1 | 4.875 | 5.291 | 10.55 | Your monthly cost |
All rates effective as of January 18, 2023
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 $726,200)
| Product Term | Points | Rate | APR* | Monthly Payment** | Payment Calculator |
|---|---|---|---|---|---|
| 30 Year | 0 | 5.875 | 5.930 | 5.92 | Your monthly cost |
| 30 Year | 0.5 | 5.750 | 5.850 | 5.84 | Your monthly cost |
| 20 Year | 0 | 5.500 | 5.570 | 6.88 | Your monthly cost |
| 20 Year | 0.5 | 5.375 | 5.506 | 6.81 | Your monthly cost |
| 15 Year | 0 | 5.250 | 5.337 | 8.04 | Your monthly cost |
| 15 Year | 0.5 | 5.125 | 5.288 | 7.97 | Your monthly cost |
All rates effective as of January 18, 2023
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 Term | Term | Rate | Points | APR | Monthly Payment** |
|---|---|---|---|---|---|
| 5/6 Jumbo ARM Caps: 2% initial, 1% every six months, 5% lifetime |
30 Years | 5.000 | 0 | 6.400 | For months 1 to 60, the payment per $1000 is $5.37. Based on the current index and margin, for months 61 to 360, the rate would be 6.500% and the payment per $1000 is $6.75. |
| 5/6 Jumbo ARM Caps: 2% initial, 1% every six months, 5% lifetime |
30 Years | 4.750 | 0.5 | 6.335 | For months 1 to 60, the payment per $1000 is $5.22. Based on the current index and margin, for months 61 to 360, the rate would be 6.500% and the payment per $1000 is $6.81. |
| 7/6 Jumbo ARM Caps: 5% initial, 1% every six months, 5% lifetime |
30 Years | 5.000 | 0 | 6.158 | For months 1 to 84, the payment per $1000 is $5.37. Based on the current index and margin, for months 85 to 360, the rate would be 6.500% and the payment per $1000 is $6.99. |
| 7/6 Jumbo ARM Caps: 5% initial, 1% every six months, 5% lifetime |
30 Years | 4.875 |
0.5 | 6.141 | For months 1 to 84, the payment per $1000 is $5.29 Based on the current index and margin, for months 85 to 360, the rate would be 6.500% and the payment per $1000 is $7.01. |
| 10/6 Jumbo ARM Caps: 5% initial, 1% every six months, 5% lifetime |
30 Years | 5.125 | 0 | 5.921 |
For months 1 to 120, the payment per $1000 is $5.44. Based on the current index and margin, for months 121 to 360, the rate would be 6.500% and the payment per $1000 is $7.46. |
| 10/6 Jumbo ARM Caps: 5% initial, 1% every six months, 5% lifetime |
30 Years | 5.000 | 0.5 | 5.887 | For months 1 to 120, the payment per $1000 is $5.37. Based on the current index and margin, for months 121 to 360, the rate would be 6.500% and the payment per $1000 is $7.48. |
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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