Easthampton Savings Bank Mortgage Rates, Fees & Info

Easthampton, MA

LEI: 549300N38Q5YKSSV1106

Tax ID: 61-1570940

5 stars - Updated: 4/5/25 - out of 5 stars, based on 35 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Easthampton Savings Bank is a smaller bank specializing in Home Purchase loans. Easthampton Savings Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Boston, Springfield, Worcester, Providence, and Barnstable Town among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Easthampton Savings Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Easthampton Savings Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 4.73% 4/5/25
    30 Year Conventional Purchase 6.66% 4/5/25
    30 Year Conventional Refi 6.56% 4/5/25
    30 Year Cash-out Refi 7.07% 4/5/25
    30 Year FHA Purchase 6.82% 4/5/25
    30 Year FHA Refi 6.72% 4/5/25
    30 Year VA Purchase 6.31% 4/5/25
    15 Year Conventional Purchase 5.33% 4/5/25
    15 Year Conventional Refi 6.55% 4/5/25
    15 Year Cash-out Refi 6.55% 4/5/25
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Easthampton Savings Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Easthampton Savings Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    1,200

    Origination Dollar Volume (All Markets)

    $368,880,000
    Show all (10) awards

    Relative Rate

    Easthampton Savings Bank's average 30 year fixed mortgage rate was 6.45%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0.1%.

    Relative Fees (Closing Costs)

    Easthampton Savings Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $4,377.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 419 $174,725,000 $417,005 $3,594 6.40%
    SPRINGFIELD, MA (FHA|USDA|VA) 294 $60,990,000 $207,449 $2,841 6.38%
    WORCESTER, MA-CT (FHA|USDA|VA) 221 $53,595,000 $242,511 $2,278 6.47%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 106 $40,570,000 $382,736 $3,946 6.51%
    Outside of Metro Areas 108 $18,730,000 $173,426 $1,901 6.55%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 24 $9,550,000 $397,917 $3,066 6.89%
    Laconia, NH (FHA|USDA|VA) 4 $2,570,000 $642,500 $3,797 6.34%
    Lebanon, NH-VT (FHA|USDA|VA) 5 $1,615,000 $323,000 $4,529 6.67%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 4 $1,460,000 $365,000 $3,424 6.40%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 2 $1,090,000 $545,000 $3,533 6.31%
    PITTSFIELD, MA (FHA|USDA|VA) 3 $705,000 $235,000 $3,674 6.71%
    PUNTA GORDA, FL (FHA|USDA|VA) 2 $610,000 $305,000 $5,766 7.25%
    Concord, NH (FHA|USDA|VA) 1 $525,000 $525,000 $6,881 7.00%
    BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 1 $505,000 $505,000 $4,694 6.38%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $385,000 $385,000 $11,319 6.00%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $365,000 $365,000 $9,634 6.50%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $355,000 $355,000 $10,700 6.63%
    Keene, NH (FHA|USDA|VA) 1 $225,000 $225,000 $0 5.99%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $165,000 $165,000 $3,506 6.75%
    OCALA, FL (FHA|USDA|VA) 1 $145,000 $145,000 $0 7.13%
    Easthampton Savings Bank's top markets include Boston, Springfield, Worcester, Providence, and Barnstable Town among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • Rhode Island (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)
  • Maine (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Easthampton Savings Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    GREATER SPRINGFIELD CREDIT UNION
    Similarity Rank: 35
    Florence Bank
    Similarity Rank: 48
    OCEAN STATE CREDIT UNION
    Similarity Rank: 63
    SOMERSET
    Similarity Rank: 72
    POLISH NATIONAL
    Similarity Rank: 77
    Greenfield Savings Bank
    Similarity Rank: 80
    LUSO
    Similarity Rank: 96
    Liberty Bank
    Similarity Rank: 99
    Piscataqua Savings Bank
    Similarity Rank: 100
    FALL RIVER MUNICIPAL CREDIT UNION
    Similarity Rank: 108

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 774 $294,210,000 $380,116 $2,919 6.62%
    HELOC 404 $64,160,000 $158,812 n/a 6.13%
    FHA 18 $8,400,000 $466,667 $11,697 6.10%
    VA 4 $2,110,000 $527,500 $8,678 6.31%

    For 2024, Easthampton Savings Bank's most frequently originated type of loan was Conventional, with 774 originations. Their 2nd most popular type was HELOC, with 404 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 585 $273,465,000 $467,462 $4,334 6.41%
    Home Improvement 251 $32,315,000 $128,745 $364 6.43%
    Other 176 $20,330,000 $115,511 $517 6.45%
    Refi 169 $33,565,000 $198,609 $1,009 6.52%
    Cash Out Refi 19 $9,205,000 $484,474 $3,776 6.79%

    For 2024, Easthampton Savings Bank's most frequently cited loan purpose was Home Purchase, with 585 originations. The 2nd most popular reason was Home Improvement, with 251 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 557 $265,575,000 $476,795 $4,377 6.45%
    Other 410 $74,230,000 $181,049 $0 6.13%
    20 Year 138 $18,230,000 $132,101 $263 7.20%
    15 Year 44 $7,520,000 $170,909 $809 6.64%
    10 Year 36 $2,770,000 $76,944 $24 6.75%
    5 Year 15 $555,000 $37,000 $0 6.63%

    For 2024, Easthampton Savings Bank's most frequently cited loan duration was 30 Year, with 557 originations. The 2nd most popular length was Other, with 410 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 685 $249,375,000 $364,051
    $2k-3k 14 $4,790,000 $342,143
    $1k-2k 12 $3,710,000 $309,167
    $3k-4k 10 $4,240,000 $424,000
    $5k+ 8 $8,580,000 $1,072,500
    $4k-5k 5 $2,145,000 $429,000

    Easthampton Savings Bank's average total fees were $4,377, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 685 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 519 $118,175,000 $227,697
    6-7% 455 $203,405,000 $447,044
    7-8% 202 $43,600,000 $215,842
    Over 8% 19 $2,985,000 $157,105
    <2.5% 3 $85,000 $28,333
    4-5% 2 $630,000 $315,000

    During 2024, Easthampton Savings Bank's average interest rate for loans was 6.45%, while their most frequently originated rate bucket for loans was 5-6%, with 519 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 326 $92,760,000 $284,540 $3,427 6.43%
    $100,000 or less 300 $16,340,000 $54,467 $81 6.44%
    $100k-200k 225 $31,065,000 $138,067 $1,276 6.46%
    $400k-600k 217 $103,495,000 $476,935 $4,518 6.41%
    $600k-1MM 107 $78,705,000 $735,561 $4,853 6.53%
    $1MM+ 25 $46,515,000 $1,860,600 $8,453 6.48%

    2024 saw Easthampton Savings Bank place emphasis on $200k-400k loans with 326 originations, totaling $92,760,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 314 $109,710,000 $349,395 $3,329 6.55%
    $100k-150k 284 $70,710,000 $248,979 $3,420 6.43%
    $250k+ 209 $121,185,000 $579,833 $4,258 6.51%
    $75k-100k 183 $33,485,000 $182,978 $2,614 6.32%
    $50k-75k 132 $15,690,000 $118,864 $1,936 6.27%
    $50k or less 55 $4,565,000 $83,000 $1,380 6.41%

    Easthampton Savings Bank lent most frequently to those with incomes in the $150k-250k range, with 314 originations. The second most popular income band? $100k-150k, with 284 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 235 $67,685,000 $288,021 $2,876 6.49%
    20-30% 186 $52,750,000 $283,602 $2,730 6.45%
    42% 173 $46,275,000 $267,486 $2,730 6.38%
    41% 100 $23,660,000 $236,600 $2,652 6.33%
    40% 90 $27,480,000 $305,333 $2,868 6.41%
    39% 75 $19,285,000 $257,133 $2,571 6.43%
    36% 59 $20,025,000 $339,407 $3,487 6.53%
    38% 53 $17,005,000 $320,849 $2,965 6.38%
    37% 49 $17,045,000 $347,857 $3,425 6.49%
    <20% 42 $15,290,000 $364,048 $2,993 6.36%
    43% 29 $9,655,000 $332,931 $4,419 6.38%
    44% 26 $9,680,000 $372,308 $4,216 6.33%
    47% 19 $8,015,000 $421,842 $5,773 6.63%
    45% 12 $5,930,000 $494,167 $4,118 6.80%
    48% 12 $5,040,000 $420,000 $4,606 6.56%
    49% 12 $4,930,000 $410,833 $3,631 6.98%
    46% 10 $5,540,000 $554,000 $6,766 6.53%
    50-60% 3 $1,335,000 $445,000 $9,189 6.00%
    >60% 1 $55,000 $55,000 $0 5.99%

    Easthampton Savings Bank lent most frequently to those with DTI ratios of 30-36%, with 235 originations. The next most common DTI ratio? 20-30%, with 186 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 916 $258,600,000 $282,314 $2,968 6.46%
    Not provided 142 $46,650,000 $328,521 $3,257 6.36%
    Asian 58 $22,260,000 $383,793 $3,171 6.29%
    Black 49 $17,665,000 $360,510 $5,025 6.44%
    Not applicable 12 $11,950,000 $995,833 $0 6.92%
    Asian Indian 19 $10,375,000 $546,053 $3,992 6.71%
    American Indian 3 $875,000 $291,667 $4,053 6.41%
    Native Hawaiian or Islander 1 $505,000 $505,000 $3,924 5.50%

    Approval Rates

    Total approvals of all applications
    89.61%

    Easthampton Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.50%

    Easthampton Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,200 $368,880,000 $307,400

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,200 $368,880,000 $307,400

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 249 $54,025,000 $216,968 $1,523 6.48%
    40-60% 122 $47,420,000 $388,689 $3,315 6.39%
    60-80% 256 $135,250,000 $528,320 $4,297 6.54%
    80-100% 221 $104,435,000 $472,557 $4,676 6.37%
    Over 100% 1 $585,000 $585,000 $15,441 6.38%
    Under 20% 351 $27,165,000 $77,393 $215 6.42%