Cambridge Trust Company Mortgage Rates, Fees & Info

Cambridge, MA

LEI: 549300Q8HL7EWEE0HW14

Tax ID: 04-1145370

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Cambridge Trust Company is a smaller mortgage company specializing in Home Purchase loans. Cambridge Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Barnstable Town, Providence, Concord, and Lebanon among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Cambridge Trust Company has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Cambridge Trust Company 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
    30 Year Conventional Purchase 5.57% 4/18/24
    30 Year Conventional Refi 6.06% 4/18/24
    30 Year Cash-out Refi 5.94% 4/18/24
    15 Year Conventional Purchase 5.73% 4/18/24
    15 Year Conventional Refi 5.76% 4/18/24
    15 Year Cash-out Refi 5.76% 4/18/24
    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.

    Cambridge Trust Company Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Cambridge Trust Company. 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

    267

    Origination Dollar Volume (All Markets)

    $230,215,000

    Employee count

    252

    Awards

    Cambridge Trust Company 30 Year Conventional Loans gold Cambridge Trust Company 30 Year Conventional Loans gold
    Show all (2) awards

    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) 241 $204,655,000 $849,191 $3,255 3.92%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 11 $9,195,000 $835,909 $3,893 3.85%
    Outside of Metro Areas 1 $9,005,000 $9,005,000 $17,875 3.88%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 3 $3,015,000 $1,005,000 $4,187 3.71%
    Concord, NH (FHA|USDA|VA) 3 $1,545,000 $515,000 $3,625 4.08%
    Lebanon, NH-VT (FHA|USDA|VA) 1 $1,305,000 $1,305,000 $5,042 3.25%
    WORCESTER, MA-CT (FHA|USDA|VA) 6 $1,230,000 $205,000 $2,383 3.60%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $265,000 $265,000 $7,125 4.50%
    Cambridge Trust Company's top markets include Boston, Barnstable Town, Providence, Concord, and Lebanon among others.

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

    • Similar Lenders

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

    Saco Valley Credit Union
    Similarity Rank: 70
    CASCO
    Similarity Rank: 90
    MERRIMACK VALLEY
    Similarity Rank: 110
    Middlesex Federal Savings, F.A.
    Similarity Rank: 111
    CUMBERLAND COUNTY
    Similarity Rank: 120
    Martha's Vineyard Savings Bank
    Similarity Rank: 128
    Triangle Credit Union
    Similarity Rank: 147
    Maine Savings Federal Credit Union
    Similarity Rank: 160
    First Ipswich Bank
    Similarity Rank: 164
    Coastal Heritage Bank
    Similarity Rank: 180

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 267 $230,215,000 $862,228 $3,374 3.91%

    For 2018, Cambridge Trust Company's most frequently originated type of loan was Conventional, with 267 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 162 $154,500,000 $953,704 $3,816 3.93%
    Cash Out Refi 50 $30,780,000 $615,600 $3,054 3.77%
    Refi 34 $20,610,000 $606,176 $2,479 3.86%
    Other 12 $6,710,000 $559,167 $2,603 4.01%
    Home Improvement 9 $17,615,000 $1,957,222 $2,227 4.43%

    For 2018, Cambridge Trust Company's most frequently cited loan purpose was Home Purchase, with 162 originations. The 2nd most popular reason was Cash Out Refi, with 50 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 223 $141,635,000 $635,135 $3,594 3.77%
    10 Year 14 $65,780,000 $4,698,571 $794 4.39%
    15 Year 12 $3,150,000 $262,500 $1,531 4.20%
    Other 12 $18,350,000 $1,529,167 $3,063 5.25%
    20 Year 4 $830,000 $207,500 $749 4.91%
    5 Year 2 $470,000 $235,000 $0 4.22%

    For 2018, Cambridge Trust Company's most frequently cited loan duration was 30 Year, with 223 originations. The 2nd most popular length was 10 Year, with 14 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 208 $123,910,000 $595,721
    $2k-3k 4 $1,570,000 $392,500
    $5k+ 3 $2,475,000 $825,000
    $3k-4k 1 $705,000 $705,000

    Cambridge Trust Company's average total fees were $3,594, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 208 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 166 $125,220,000 $754,337
    4-5% 75 $82,525,000 $1,100,333
    5-6% 14 $15,640,000 $1,117,143
    2.5-3% 12 $6,830,000 $569,167

    During 2018, Cambridge Trust Company's average interest rate for loans was 3.77%, while their most frequently originated rate bucket for loans was 3-4%, with 166 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 86 $25,260,000 $293,721 $2,560 3.82%
    $400k-600k 66 $31,660,000 $479,697 $3,298 3.83%
    $1MM+ 47 $136,025,000 $2,894,149 $6,148 4.07%
    $600k-1MM 44 $34,190,000 $777,045 $4,179 4.06%
    $100k-200k 17 $2,635,000 $155,000 $1,746 3.65%
    $100,000 or less 7 $445,000 $63,571 $699 4.34%

    2018 saw Cambridge Trust Company place emphasis on $200k-400k loans with 86 originations, totaling $25,260,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 81 $80,645,000 $995,617 $4,564 3.88%
    $150k-250k 60 $31,270,000 $521,167 $3,380 3.90%
    $100k-150k 35 $13,335,000 $381,000 $2,788 4.03%
    $50k-75k 34 $8,360,000 $245,882 $2,385 3.44%
    $75k-100k 25 $9,135,000 $365,400 $2,726 3.72%
    $50k or less 8 $1,230,000 $153,750 $2,116 3.43%

    Cambridge Trust Company lent most frequently to those with incomes in the $250k+ range, with 81 originations. The second most popular income band? $150k-250k, with 60 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 55 $26,795,000 $487,182 $3,178 3.90%
    20-30% 43 $20,535,000 $477,558 $2,975 3.80%
    <20% 34 $35,230,000 $1,036,176 $4,365 3.85%
    40% 21 $16,865,000 $803,095 $3,897 3.78%
    38% 19 $12,545,000 $660,263 $3,533 3.82%
    39% 15 $5,095,000 $339,667 $2,532 3.76%
    36% 12 $6,800,000 $566,667 $3,242 3.66%
    37% 10 $3,630,000 $363,000 $2,691 3.61%
    42% 9 $5,485,000 $609,444 $3,076 4.17%
    43% 8 $2,450,000 $306,250 $2,514 3.73%
    44% 5 $4,095,000 $819,000 $3,946 3.50%
    41% 3 $1,505,000 $501,667 $3,169 3.54%
    45% 3 $1,705,000 $568,333 $4,787 4.13%
    46% 2 $630,000 $315,000 $3,519 4.00%
    47% 2 $380,000 $190,000 $2,878 4.56%
    48% 2 $1,820,000 $910,000 $4,836 3.44%
    49% 1 $475,000 $475,000 $3,527 3.13%
    50-60% 1 $1,005,000 $1,005,000 $2,817 3.63%

    Cambridge Trust Company lent most frequently to those with DTI ratios of 30-36%, with 55 originations. The next most common DTI ratio? 20-30%, with 43 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 164 $105,130,000 $641,037 $3,517 3.85%
    Not applicable 21 $70,795,000 $3,371,190 $0 4.92%
    Not provided 45 $40,045,000 $889,889 $3,230 3.90%
    Asian 24 $10,330,000 $430,417 $2,988 3.64%
    Black 12 $3,550,000 $295,833 $2,716 3.51%
    American Indian 1 $365,000 $365,000 $2,794 3.88%

    Approval Rates

    Total approvals of all applications
    91.91%

    Cambridge Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.65%

    Cambridge Trust Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 267 $230,215,000 $862,228

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 10 $66,430,000 $6,643,000
    Single Family (1-4 Units):Site-Built 257 $163,785,000 $637,296

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 42 $20,190,000 $480,714 $2,500 3.95%
    40-60% 46 $37,300,000 $810,870 $3,618 3.93%
    60-80% 96 $131,640,000 $1,371,250 $4,019 4.00%
    80-100% 71 $38,015,000 $535,423 $3,406 3.67%
    Under 20% 12 $3,070,000 $255,833 $1,682 4.34%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Cambridge Trust Company 1000 Elm St. Manchester, NH 3101 Limited, Trust Office $0
    Cambridge Trust Company 1336 Massachusetts Avenue Cambridge, MA 2138 Full Service B&M $666,794
    Cambridge Trust Company 1690 Massachusetts Avenue Lexington, MA 2420 Full Service B&M $62,773
    Cambridge Trust Company 1720 Massachusetts Avenue Cambridge, MA 2138 Full Service B&M $138,710
    Cambridge Trust Company 326 Main Street Cambridge, MA 2142 Full Service B&M $219,166
    Cambridge Trust Company 353 Huron Avenue Cambridge, MA 2138 Full Service B&M $158,490
    Cambridge Trust Company 361 Trapelo Road Belmont, MA 2478 Full Service B&M $87,551
    Cambridge Trust Company 49 S Main Street Concord, NH 3301 Limited, Trust Office $0
    Cambridge Trust Company 494 Boston Post Road Weston, MA 2493 Full Service B&M $136,213
    Cambridge Trust Company 565 Tremont Street Boston, MA 2118 Full Service B&M $23,775
    Cambridge Trust Company 65 Beacon Street Boston, MA 2108 Full Service B&M $95,293
    Cambridge Trust Company 75 Main Street Concord, MA 1742 Full Service B&M $204,019
    Cambridge Trust Company 75 State St. Boston, MA 2109 Limited, Trust Office $0
    Cambridge Trust Company One Harbour Place Portsmouth, NH 3801 Limited, Trust Office $0

    For 2018, Cambridge Trust Company had 14 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $69,145
    Net interest income $63,678
    Total noninterest income $32,896
    Gross Fiduciary activities income $25,191
    Service charges on deposit accounts $3,011
    Trading account gains and fees $0
    Additional Noninterest Income $4,694
    Pre-tax net operating income $31,202
    Securities gains (or losses, -) $2
    Income before extraordinary items $23,965
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $23,965
    Minority interest net income $0
    Net income $23,965
    Sale, conversion, retirement of capital stock, net $2,446
    Net operating income $23,963

    Cambridge Trust Company's gross interest income from loans was $69,145,000.
    Cambridge Trust Company's net interest income from loans was $63,678,000.
    Cambridge Trust Company's fee based income from loans was $3,011,000.
    Cambridge Trust Company's net income from loans was $23,965,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,467
    Provision for credit losses $1,502
    Total noninterest expense $63,870
    Salaries and employee benefits $41,433
    Premises and equipment expense $8,274
    Additional noninterest expense $14,163
    Applicable income taxes $7,239
    Net charge-offs $54
    Cash dividends $8,615

    Cambridge Trust Company's interest expense for loans was $5,467,000.
    Cambridge Trust Company's payroll and benefits expense were $41,433,000.
    Cambridge Trust Company's property, plant and equipment expenses $8,274,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $1,815,822
    Deposits held in domestic offices $1,815,822
    Deposits by Individuals, partnerships, and corporations $1,810,737
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $5,009
    Deposits by Commercial banks and other depository institutions in U.S. $76
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $352,586
    Demand deposits $281,397
    Nontransaction accounts $1,463,236
    Money market deposit accounts (MMDAs) $135,585
    Other savings deposits (excluding MMDAs) $1,206,232
    Total time deposits $121,418
    Total time and savings deposits $1,534,425
    Noninterest-bearing deposits $498,904
    Interest-bearing deposits $1,316,918
    Retail deposits $1,756,558
    IRAs and Keogh plan accounts $17,136
    Brokered deposits $27,504
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,101,384
    Cash & Balances due from depository institutions $18,473
    Interest-bearing balances $4,013
    Total securities $451,032
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,543,004
    Loan and leases loss allowance $16,768
    Trading account assets $0
    Bank premises and fixed assets $6,166
    Other real estate owned $0
    Goodwill and other intangibles $1,078
    All other assets $81,631

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,101,384
    Total Liabilities $1,938,770
    Total deposits $1,815,822
    Interest-bearing deposits $1,316,918
    Deposits held in domestic offices $1,815,822
    % insured (estimated) $59
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $93,409
    Subordinated debt $0
    All other liabilities $29,539

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,543,004
    Loan and leases loss allowance $16,768
    Total loans and leases (domestic) $1,559,772
    All real estate loans $1,431,249
    Real estate loans in domestic offices $1,431,249
    Construction and development loans $43,821
    Residential 1-4 family construction $21,415
    Other construction, all land development and other land $22,406
    Loans secured by nonfarm nonresidential properties $437,088
    Nonfarm nonresidential secured by owner-occupied properties $64,604
    Commercial real estate & other non-farm, non-residential $372,484
    Multifamily residential real estate $245,668
    1-4 family residential loans $704,672
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $94,006
    To non-U.S. addressees $0
    Loans to individuals $34,001
    Credit card loans $0
    Related Plans $1,001
    Consumer Auto Loans $0
    Other loans to individuals $33,000
    All other loans & leases $516
    Loans to foreign governments and official institutions $0
    Other loans $516
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $2,268
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $6
    Non 1-4 family restructured loans & leases $6
    Total loans and leases (foreign) $0

    Cambridge Trust Company had $1,543,004,000 of loans outstanding in 2018. $1,431,249,000 of loans were in real estate loans. $43,821,000 of loans were in development loans. $245,668,000 of loans were in multifamily mortgage loans. $704,672,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 123 $44,927 $365,260
    Nonfarm, nonresidential loans - <$100k 10 $453 $45,300
    Nonfarm, nonresidential loans - $100-250k 27 $4,377 $162,111
    Nonfarm, nonresidential loans - $250k-1MM 86 $40,097 $466,244
    Commercial & Industrial, US addressed loans - <$1MM 341 $40,087 $117,557
    Commercial & Industrial, US addressed loans - <$100k 250 $16,396 $65,584
    Commercial & Industrial, US addressed loans - $100-250k 37 $5,802 $156,811
    Commercial & Industrial, US addressed loans - $250k-1MM 54 $17,889 $331,278