Easthampton Savings Bank Mortgage Rates, Fees & Info

Easthampton, MA

LEI: 549300N38Q5YKSSV1106

Tax ID: 61-1570940

5 stars - Updated: 12/16/24 - out of 5 stars, based on 32 reviews

Latest/2023 | 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, Providence, Worcester, and Barnstable Town among others. We have data for 27 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 relatively high 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
    30 Year Conventional Purchase 5.58% 12/16/24
    30 Year Conventional Refi 6.20% 12/16/24
    30 Year Cash-out Refi 5.89% 12/16/24
    30 Year FHA Purchase 7.13% 12/16/24
    30 Year VA Purchase 5.35% 12/16/24
    30 Year USDA Purchase 6.27% 12/16/24
    15 Year Conventional Purchase 5.03% 12/16/24
    15 Year Conventional Refi 5.48% 12/16/24
    15 Year Cash-out Refi 5.48% 12/16/24
    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

    1,008

    Origination Dollar Volume (All Markets)

    $417,070,000
    Show all (13) awards

    Relative Rate

    Easthampton Savings Bank's average 30 year fixed mortgage rate was 5.8%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of -0.68%.

    Relative Fees (Closing Costs)

    Easthampton Savings Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $4,452.

    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 $9,089.

    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) 378 $195,480,000 $517,143 $3,779 5.85%
    SPRINGFIELD, MA (FHA|USDA|VA) 185 $71,525,000 $386,622 $2,448 6.08%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 178 $63,390,000 $356,124 $4,112 5.87%
    WORCESTER, MA-CT (FHA|USDA|VA) 176 $40,850,000 $232,102 $1,977 6.21%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 25 $14,815,000 $592,600 $4,717 6.35%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 6 $8,870,000 $1,478,333 $6,191 5.67%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 14 $3,580,000 $255,714 $3,545 5.97%
    Outside of Metro Areas 8 $3,030,000 $378,750 $3,910 6.13%
    Lebanon, NH-VT (FHA|USDA|VA) 5 $2,515,000 $503,000 $4,252 6.80%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 7 $2,475,000 $353,571 $5,439 6.52%
    PITTSFIELD, MA (FHA|USDA|VA) 2 $1,710,000 $855,000 $7,314 4.31%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 3 $1,495,000 $498,333 $4,430 6.29%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $2,967 4.99%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 4 $980,000 $245,000 $2,874 6.78%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 2 $930,000 $465,000 $3,715 5.87%
    Laconia, NH (FHA|USDA|VA) 2 $780,000 $390,000 $3,582 5.94%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 2 $600,000 $300,000 $5,065 5.94%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $505,000 $505,000 $5,854 5.99%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $445,000 $445,000 $5,462 6.99%
    Key West, FL (FHA|USDA|VA) 1 $425,000 $425,000 $0 7.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $365,000 $365,000 $0 6.25%
    Keene, NH (FHA|USDA|VA) 1 $345,000 $345,000 $2,977 7.13%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $345,000 $345,000 $3,846 7.50%
    BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 1 $305,000 $305,000 $3,521 5.25%
    Vineyard Haven, MA (FHA|USDA|VA) 1 $155,000 $155,000 $0 6.75%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $125,000 $125,000 $4,117 4.88%
    Torrington, CT (FHA|USDA|VA) 1 $25,000 $25,000 $0 6.75%
    Easthampton Savings Bank's top markets include Boston, Springfield, Providence, Worcester, and Barnstable Town among others.

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

    Florence Bank
    Similarity Rank: 22
    RTN FEDERAL CREDIT UNION
    Similarity Rank: 40
    LUSO
    Similarity Rank: 40
    Adams Community Bank
    Similarity Rank: 42
    OCEAN STATE CREDIT UNION
    Similarity Rank: 45
    Greenfield Savings Bank
    Similarity Rank: 45
    The Torrington Savings Bank
    Similarity Rank: 45
    SOMERSET
    Similarity Rank: 48
    Chelsea Groton Bank
    Similarity Rank: 56
    Stafford Savings Bank
    Similarity Rank: 63

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 982 $405,120,000 $412,546 $3,059 5.98%
    FHA 25 $11,505,000 $460,200 $13,049 6.45%
    VA 1 $445,000 $445,000 $3,451 6.75%

    For 2023, Easthampton Savings Bank's most frequently originated type of loan was Conventional, with 982 originations. Their 2nd most popular type was FHA, with 25 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 673 $336,145,000 $499,473 $4,498 5.79%
    Other 106 $13,970,000 $131,792 $716 6.50%
    Refi 100 $35,350,000 $353,500 $905 6.34%
    Home Improvement 84 $15,580,000 $185,476 $348 6.55%
    Cash Out Refi 45 $16,025,000 $356,111 $3,446 5.97%

    For 2023, Easthampton Savings Bank's most frequently cited loan purpose was Home Purchase, with 673 originations. The 2nd most popular reason was Other, with 106 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 737 $335,535,000 $455,271 $4,452 5.80%
    20 Year 133 $31,665,000 $238,083 $362 6.79%
    10 Year 65 $40,185,000 $618,231 $75 6.23%
    15 Year 55 $6,835,000 $124,273 $723 6.26%
    5 Year 14 $460,000 $32,857 $0 6.20%
    Other 4 $2,390,000 $597,500 $0 6.10%

    For 2023, Easthampton Savings Bank's most frequently cited loan duration was 30 Year, with 737 originations. The 2nd most popular length was 20 Year, with 133 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 823 $288,765,000 $350,869
    $1k-2k 40 $13,940,000 $348,500
    $5k+ 19 $12,115,000 $637,632
    $2k-3k 16 $5,760,000 $360,000
    $4k-5k 15 $8,275,000 $551,667
    $3k-4k 12 $5,130,000 $427,500

    Easthampton Savings Bank's average total fees were $4,452, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 823 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 384 $165,210,000 $430,234
    5-6% 328 $141,600,000 $431,707
    4-5% 120 $59,040,000 $492,000
    7-8% 117 $32,315,000 $276,197
    3-4% 55 $18,025,000 $327,727
    <2.5% 2 $50,000 $25,000
    Over 8% 2 $830,000 $415,000

    During 2023, Easthampton Savings Bank's average interest rate for loans was 5.80%, while their most frequently originated rate bucket for loans was 6-7%, with 384 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 313 $91,885,000 $293,562 $3,510 5.79%
    $400k-600k 244 $117,380,000 $481,066 $4,821 5.90%
    $100,000 or less 152 $8,340,000 $54,868 $180 6.34%
    $100k-200k 145 $21,415,000 $147,690 $1,614 6.21%
    $600k-1MM 119 $86,425,000 $726,261 $5,465 5.97%
    $1MM+ 35 $91,625,000 $2,617,857 $6,782 5.95%

    2023 saw Easthampton Savings Bank place emphasis on $200k-400k loans with 313 originations, totaling $91,885,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 270 $86,580,000 $320,667 $3,292 6.06%
    $150k-250k 239 $100,585,000 $420,858 $3,499 6.29%
    $75k-100k 154 $41,740,000 $271,039 $3,240 5.78%
    $250k+ 150 $105,470,000 $703,133 $4,633 6.09%
    $50k-75k 139 $25,685,000 $184,784 $2,407 5.46%
    $50k or less 40 $4,330,000 $108,250 $1,559 5.94%

    Easthampton Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 270 originations. The second most popular income band? $150k-250k, with 239 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 180 $62,090,000 $344,944 $3,140 5.97%
    20-30% 179 $59,625,000 $333,101 $2,725 5.99%
    42% 104 $36,620,000 $352,115 $2,713 5.79%
    41% 90 $34,510,000 $383,444 $3,484 6.09%
    40% 69 $26,165,000 $379,203 $3,505 6.22%
    38% 43 $13,775,000 $320,349 $2,484 6.08%
    39% 42 $13,700,000 $326,190 $2,675 6.07%
    <20% 39 $18,295,000 $469,103 $3,136 6.04%
    36% 37 $13,505,000 $365,000 $3,384 5.91%
    37% 36 $13,120,000 $364,444 $3,075 5.91%
    43% 34 $14,980,000 $440,588 $3,839 5.66%
    44% 33 $13,945,000 $422,576 $4,763 6.11%
    49% 24 $10,410,000 $433,750 $4,309 6.03%
    48% 22 $9,090,000 $413,182 $4,934 6.07%
    46% 18 $6,720,000 $373,333 $3,827 5.98%
    45% 17 $7,395,000 $435,000 $4,476 5.51%
    47% 14 $6,160,000 $440,000 $4,972 5.86%
    50-60% 13 $4,935,000 $379,615 $8,582 6.62%

    Easthampton Savings Bank lent most frequently to those with DTI ratios of 30-36%, with 180 originations. The next most common DTI ratio? 20-30%, with 179 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 737 $254,915,000 $345,882 $3,123 6.04%
    Not applicable 14 $52,030,000 $3,716,429 $0 6.22%
    Asian 79 $39,355,000 $498,165 $3,733 5.70%
    Not provided 97 $33,925,000 $349,742 $3,030 6.07%
    Black 64 $27,900,000 $435,938 $5,357 5.62%
    Asian Indian 15 $8,105,000 $540,333 $3,673 5.86%
    Chinese 1 $545,000 $545,000 $3,697 5.50%
    Filipino 1 $295,000 $295,000 $3,549 4.49%

    Approval Rates

    Total approvals of all applications
    88.25%

    Easthampton Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.82%

    Easthampton Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,008 $417,070,000 $413,760

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,008 $417,070,000 $413,760

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 129 $22,815,000 $176,860 $1,321 6.42%
    40-60% 111 $58,805,000 $529,775 $3,335 6.08%
    60-80% 294 $175,360,000 $596,463 $4,287 5.96%
    80-100% 322 $149,930,000 $465,621 $4,881 5.64%
    Under 20% 152 $10,160,000 $66,842 $149 6.35%