Current Loan Rates at Washington Trust
Fixed Rate Mortgages (up to $647,200)
| Product Term | Points | Rate | APR* | Monthly Payment** | Payment Calculator |
|---|---|---|---|---|---|
| 30 Year | 0 | 6.875 | 6.972 | 6.57 | Your monthly cost |
| 20 Year | 0 | 6.875 | 7.002 | 7.68 | Your monthly cost |
| 15 Year | 0 | 6.500 | 6.654 | 8.71 | Your monthly cost |
| 10 Year | 0 | 6.500 | 6.717 | 11.35 | Your monthly cost |
All rates effective as of March 24, 2022
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 $647,200)
| Product Term | Points | Rate | APR* | Monthly Payment** | Payment Calculator |
|---|---|---|---|---|---|
| 30 Year | 0 | 6.000 | 6.056 | 6.00 | Your monthly cost |
| 20 Year | 0 | 5.625 | 5.696 | 6.95 | Your monthly cost |
| 15 Year | 0 | 5.500 | 5.589 | 8.17 | Your monthly cost |
All rates effective as of March 24, 2022
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 | 5.375 | 0 | 5.427 | For months 1 to 60, the payment per $1000 is $5.60 Based on the current index and margin, for months 61 to 360, the rate would be 4.625% and the payment per $1000 is $5.63 |
| 7/6 Jumbo ARM Caps: 5% initial, 1% every six months, 5% lifetime | 30 years | 5.500 | 0 | 5.490 | 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 4.625% and the payment per $1000 is $5.89. |
| 10/6 Jumbo ARM Caps: 5% initial, 1% every six months, 5% lifetime | 30 years | 5.625 | 0 | 5.590 | For months 1 to 120, the payment per $1000 is $5.76. Based on the current index and margin, for months 121 to 360, the rate would be 4.625% and the payment per $1000 is $6.39. |
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
Turn to the lender Rhode Islanders have trusted for 200+ years. Call (800) 475-2265 today for a quote.
