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Adjustable-Rate Mortgages

Lower initial rates mean lower monthly payments.

If your plan is to live in your home for only a few years, an Adjustable-Rate Mortgage can deliver lower monthly payments. Choose to lock in your rate for three, five or seven years before it adjusts based on market conditions. During your initial period, you'll enjoy rates lower than a fixed mortgage.



Current Adjustable-Rate Mortgage Rates¹ - Rates as of 7/21/2017


PRODUCT  RATE  TERM  POINTS 
MONTHLY
PAYMENT
PER $1,000 
FULLY
INDEXED
RATE % 
 TERM
MONTHLY
PAYMENT
PER  $1,000 
ANNUAL
PERCENTAGE RATE
(APR) 

3.1 ARM

3.25%
30 
Years

0.000

$4.35

4.375%

27 Years


$4.94

4.164%

5/1 ARM

3.49%
30
Years

0.000

$4.48

4.375%

25 Years

$4.92

4.105%

7/1 ARM

3.49%
30
Years

0.000

$4.48

4.375%

23 Years

$4.89

4.005%

A Rockland Trust Adjustable Rate Mortgage (ARM) lets you lock into an interest rate for three, five or seven years. After this initial period, your rate is reset annually (based on a corresponding financial index) over the remainder of the 30-year term. 

Our ARMs come in the form of a conventional loan, as well as jumbo loans.

happy couple with child
  • The initial fixed rate and monthly principal and interest (P&I) payments can be lower than what you'll find with fixed-rate loans. 

  • Following the designated period, your interest rate could go up or down. However, the amount the rate can increase from year to year and over the life of the loan is capped to offer you a measure of protection. 

  • Remember, because the rate will likely increase, your monthly payments may be larger down the line.

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1.  IMPORTANT NOTICES: The Annual Percentage Rates (APR) shown here assume a 25% down payment and apply to minimum loan amounts of $275,000 up to maximum loan amounts of $424,100. All interest rates, APRs, and points are subject to change without notice. The actual APR may be higher based on credit history, loan to value ratio, the amount of credit requested, or other terms. Subject to credit approval. The above rates assume an owner occupied single family primary residence purchase or rate/term refinance with 740 or higher FICO credit score based on a 30 day lock period for a  $275,000 loan amount. Payment example does not include taxes or insurance premiums. Actual payment obligation will be greater. For loan scenarios outside these parameters please call  508.732.7072 or contact your local branch manager for details.

2.  Calculator is for estimation purposes only. Actual loan amounts may vary based on borrower's unique circumstances.