At NBT Bank, we continuously provide updated rate information for our customers. Set up an automatically deducted payment from your NBT Bank Personal Checking account and receive a 0.125% rate deduction.
Loan Type
Interest Rate
APR
30 Year Fixed
Interest Rate 7.125%
7.288%APR
15 Year Fixed
Interest Rate 6.875%
7.134% APR
20 Year Fixed
Interest Rate 7.000%
7.210%APR
5 Year – 6 Month ARM
Interest Rate 6.250%
6.395%APR
Rates effective 4/16/2024
Rates are subject to change without notice. Advertised rates are based on a purchase money mortgage loan with a 20% down payment and a minimum FICO credit score of 740. Lower down payment options are available.
The following payment examples assume a loan amount of $100,000. Payments do not include amounts for taxes and insurance premiums and the actual payments will be higher.
At a 7.125% initial interest rate, the APR for this loan type is 7.288%.
Monthly payment schedule would be:
At a 6.875% initial interest rate, the APR for this loan type is 7.134%.
Monthly payment schedule would be:
At a 7.000% initial interest rate, the APR for this loan type is 7.210%.
Monthly payment schedule would be:
An ARM is a variable rate loan. Interest rates and payments may increase over the term of the loan. At a 6.250% initial interest rate, the APR for this loan type is 6.395%. Based on the current Index Plus Margin*, monthly payment
schedule would be:
*The Index is the yield on the New York Fed 30-Day Average Secured Overnight Financing Rate (SOFR) Adjusted to a Constant Maturity of 6-months as published in the Wall Street Journal, plus a margin of 2.75% subject to a 1% annual cap and 5% lifetime adjustment cap.
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