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 | 6.250 | 6.350 | 6.16 | Your monthly cost |
| 30 Year | 1 | 6.000 | 6.193 | 6.00 | Your monthly cost |
| 20 Year | 0 | 6.000 | 6.129 | 7.16 | Your monthly cost |
| 20 Year | 1 | 5.625 | 5.876 | 6.95 | Your monthly cost |
| 15 Year | 0 | 5.625 | 5.783 | 8.24 | Your monthly cost |
| 15 Year | 1 | 5.125 | 5.434 | 7.97 | Your monthly cost |
| 10 Year | 0 | 5.375 | 5.597 | 10.79 | Your monthly cost |
| 10 Year | 1 | 5.125 | 5.566 | 10.67 | 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 | 6.250 | 6.312 | 6.16 | Your monthly cost |
| 30 Year | 1 | 5.875 | 6.028 | 5.92 | Your monthly cost |
| 20 Year | 0 | 6.250 | 6.332 | 7.31 | Your monthly cost |
| 20 Year | 1 | 5.875 | 6.079 | 7.09 | Your monthly cost |
| 15 Year | 0 | 6.000 | 6.100 | 8.44 | Your monthly cost |
| 15 Year | 1 | 5.750 | 6.006 | 8.30 | 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 | 6.375 | 0 | 7.034 | For months 1 to 60, the payment per $1000 is $6.24. Based on the current index and margin, for months 61 to 360, the rate would be 6.625% and the payment per $1000 is $6.83. |
| 5/6 Jumbo ARM Caps: 2% initial, 1% every six months, 5% lifetime | 30 Years | 5.750 | 1 | 6.880 | For months 1 to 60, the payment per $1000 is $5.84. Based on the current index and margin, for months 61 to 360, the rate would be 6.625% and the payment per $1000 is $6.89. |
| 7/6 Jumbo ARM Caps: 5% initial, 1% every six months, 5% lifetime | 30 Years | 5.875 | 0 | 6.659 | For months 1 to 84, the payment per $1000 is $5.92. Based on the current index and margin, for months 85 to 360, the rate would be 6.625% and the payment per $1000 is $7.07. |
| 7/6 Jumbo ARM Caps: 5% initial, 1% every six months, 5% lifetime | 30 Years | 5.625 | 1 | 6.626 | For months 1 to 84, the payment per $1000 is $5.76. Based on the current index and margin, for months 85 to 360, the rate would be 6.625% and the payment per $1000 is $7.10. |
| 10/6 Jumbo ARM Caps: 5% initial, 1% every six months, 5% lifetime | 30 Years | 6.250 | 0 | 6.690 | For months 1-20, the payment per $1000 is $6.16. Based on the current index and margin, for months 121 to 360, the rate would be 6.625% and the payment per $1000 is $7.53. |
| 10/6 Jumbo ARM Caps: 5% initial, 1% every six months, 5% lifetime | 30 Years | 6.000 | 1 | 6.621 | For months 1 to 120, the payment per $1000 is $6.00. Based on the current index and margin, for months 121 to 360, the rate would be 6.625% and the payment per $1000 is $7.58. |
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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