Our 7/3 Adjustable Rate Mortgage.

The time might be now.

Three reasons to consider our 7/3 ARM.

    1.
  • Save a lot of money over the first 10 years compared with a fixed rate of a similar term.
  • 2.
  • Qualify for a larger mortgage, so you can afford to buy more house since the initial payment is lower for a 7/3 ARM.
  • 3.
  • A low 3% rate that’s locked in for a full 7 years, and any rate changes thereafter are capped.

How our 7/3 ARM might fit your mortgage strategy.

It starts with understanding your goals.

Are you looking to buy a larger home? Be mortgage-free by retirement? Do you just want the lowest possible monthly payment so you can save for other things?

We’ll take the time to sit with you, understand all the factors and explain how, or if, our 7/3 ARM might be the right solution for you. If not, we’ll offer different mortgage options.

As a bank with no shareholders, our priority is providing you with the product that best meets your goals, not ours.

That’s the kind of one-to-one personal mortgage service that you can expect from Middlesex Savings Bank.

7/3

Adjustable Rate

Mortgage

3.000%RATE

3.450%APR

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1-877-672-7654

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Savings comparison on a $300,000 Loan 3.5% 30-Year Fixed Loan 3% MSB 7/3
Adjustable Rate Mortgage
Interest paid over first 7 years $68,293 $58,191 $10,102 savings
Monthly payment over first 7 years $1,347 $1,265 *$82 less every month
Balance remaining after 7 years $255,134 $251,946 $3,188 more equity
*If you apply your monthly savings to your 7/3 monthly payment
($82) your principle balance after 7 years would be:
$248,246 $6,888 more equity

See savings on a $600,000 loan here.

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Savings comparison on a $600,000 Loan 3.5% 30-Year Fixed Loan 3% MSB 7/3
Adjustable Rate Mortgage
Interest paid over first 7 years $136,586 $116,381 $20,205 savings
Monthly payment over first 7 years $2,694 $2,530 *$164 less every month
Balance remaining after 7 years $510,268 $503,893 $6,375 more equity
*If you apply your monthly savings to your 7/3 monthly payment
($164) your principle balance after 7 years would be:
$496,492 $13,776 more equity

See savings on a $300,000 loan here.

Play ButtonMiddlesex ARM Video

Adjustable Rate Mortgages – How and when they make sense.

Middlesex Mortgage Expert Jon Auger explains all the details.

Play ButtonMiddlesex Strategy Video

Why every homeowner needs a mortgage strategy.

Jon Auger explains how and why a mortgage, just like any investment, requires a strategy, and why the best mortgage option might be the one you never considered.

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How much can our
7/3 ARM save you?

View the comparison.