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For each of its home equity products below, Bay State Savings Bank will pay your closing costs excluding the cost of the appraisal if the subject property is a 2-4 family residence or if your loan amount exceeds $400,000, excluding any discharge fees, condominium related fees, or trustee related fees as they may be applicable to your loan.
1Payment amount on a $25,000 loan for 60 months at 7.00% Annual Percentage Rate (APR) is $495.02. Payment amount on a $25,000 loan for 120 months at 7.25% APR is $293.50. Payment amount on a $25,000 loan for 180 months at 7.50% APR is $231.75. Payment amount on a $25,000 loan for 240 months at 7.99% APR is $208.95. Payment amounts do not include taxes or insurance. Minimum loan amount is $25,000.00. Maximum loan amount is $500,000.00. Property must be 1-4 family owner-occupied in MA or NH only. Property insurance is required.
All loans are subject to credit approval. Payments are due monthly. Other restrictions may apply. All offers subject to change without notice. Each depositor is insured by the FDIC to at least $250,000. All deposits above the FDIC insurance amount are insured by the Depositors Insurance Fund (DIF).