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, Cash Out Refi, and Refi loans. Cambridge Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Providence, Barnstable Town, Portland, and Manchester among others. We have data for 13 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% 11/21/24
    30 Year Conventional Refi 6.06% 11/21/24
    30 Year Cash-out Refi 5.94% 11/21/24
    15 Year Conventional Purchase 5.73% 11/21/24
    15 Year Conventional Refi 5.76% 11/21/24
    15 Year Cash-out Refi 5.76% 11/21/24
    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

    459

    Origination Dollar Volume (All Markets)

    $359,525,000

    Employee count

    303

    Awards

    Cambridge Trust Company 30 Year Conventional Loans gold Cambridge Trust Company 30 Year Conventional Loans gold Cambridge Trust Company 30 Year Conventional Loans gold
    Show all (3) 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) 373 $290,235,000 $778,110 $3,732 3.86%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 10 $21,760,000 $2,176,000 $3,307 3.55%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 14 $14,830,000 $1,059,286 $4,422 3.54%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 19 $9,985,000 $525,526 $4,039 4.51%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 18 $9,540,000 $530,000 $5,114 4.18%
    Outside of Metro Areas 10 $4,790,000 $479,000 $3,832 3.91%
    Vineyard Haven, MA (FHA|USDA|VA) 3 $3,705,000 $1,235,000 $4,890 3.54%
    Lebanon, NH-VT (FHA|USDA|VA) 4 $1,880,000 $470,000 $3,334 4.22%
    Laconia, NH (FHA|USDA|VA) 2 $1,090,000 $545,000 $3,929 4.36%
    Concord, NH (FHA|USDA|VA) 2 $870,000 $435,000 $5,161 4.13%
    WORCESTER, MA-CT (FHA|USDA|VA) 2 $420,000 $210,000 $2,625 3.94%
    SPRINGFIELD, MA (FHA|USDA|VA) 1 $285,000 $285,000 $2,224 3.38%
    Keene, NH (FHA|USDA|VA) 1 $135,000 $135,000 $2,217 3.25%
    Cambridge Trust Company's top markets include Boston, Providence, Barnstable Town, Portland, and Manchester among others.

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

    CASCO
    Similarity Rank: 126
    First Ipswich Bank
    Similarity Rank: 139
    Maine Savings Federal Credit Union
    Similarity Rank: 161
    Piscataqua Savings Bank
    Similarity Rank: 170
    ATLANTIC REGIONAL FEDERAL CREDIT UNION
    Similarity Rank: 320
    CUMBERLAND COUNTY
    Similarity Rank: 320
    Saco Valley Credit Union
    Similarity Rank: 328
    TOWN & COUNTRY FEDERAL CREDIT UNION
    Similarity Rank: 336
    INTEGRITY MORTGAGE LLC
    Similarity Rank: 350
    FIVE COUNTY
    Similarity Rank: 355

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 459 $359,525,000 $783,279 $3,782 3.89%

    For 2019, Cambridge Trust Company's most frequently originated type of loan was Conventional, with 459 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 233 $169,005,000 $725,343 $4,134 3.98%
    Cash Out Refi 109 $81,115,000 $744,174 $3,677 3.71%
    Refi 97 $90,275,000 $930,670 $3,161 3.82%
    Other 12 $10,800,000 $900,000 $3,048 3.72%
    Home Improvement 8 $8,330,000 $1,041,250 $3,155 4.89%

    For 2019, Cambridge Trust Company's most frequently cited loan purpose was Home Purchase, with 233 originations. The 2nd most popular reason was Cash Out Refi, with 109 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 343 $225,765,000 $658,207 $3,642 3.77%
    10 Year 31 $55,315,000 $1,784,355 $617 4.20%
    15 Year 28 $12,370,000 $441,786 $2,819 3.57%
    30+ year 24 $15,350,000 $639,583 $7,875 4.02%
    Other 23 $39,825,000 $1,731,522 $2,557 5.33%
    20 Year 6 $1,510,000 $251,667 $2,513 4.17%
    5 Year 3 $8,395,000 $2,798,333 $135 4.23%
    1 Year 1 $995,000 $995,000 $0 5.75%

    For 2019, Cambridge Trust Company's most frequently cited loan duration was 30 Year, with 343 originations. The 2nd most popular length was 10 Year, with 31 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 338 $223,500,000 $661,243
    $1k-2k 7 $2,205,000 $315,000
    $3k-4k 7 $4,515,000 $645,000
    $2k-3k 5 $3,195,000 $639,000
    $4k-5k 3 $2,615,000 $871,667
    $5k+ 3 $4,155,000 $1,385,000

    Cambridge Trust Company's average total fees were $3,642, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 338 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 310 $257,980,000 $832,194
    4-5% 116 $69,690,000 $600,776
    5-6% 21 $22,255,000 $1,059,762
    2.5-3% 10 $9,120,000 $912,000
    6-7% 2 $480,000 $240,000

    During 2019, 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 310 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 125 $36,835,000 $294,680 $2,864 3.96%
    $600k-1MM 99 $75,495,000 $762,576 $4,466 3.78%
    $400k-600k 95 $46,695,000 $491,526 $3,208 3.76%
    $1MM+ 84 $192,820,000 $2,295,476 $6,063 3.84%
    $100k-200k 46 $6,990,000 $151,957 $2,524 4.21%
    $100,000 or less 10 $690,000 $69,000 $1,024 4.28%

    2019 saw Cambridge Trust Company place emphasis on $200k-400k loans with 125 originations, totaling $36,835,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 144 $144,180,000 $1,001,250 $4,657 3.67%
    $150k-250k 97 $51,945,000 $535,515 $3,645 3.78%
    $100k-150k 73 $27,405,000 $375,411 $3,111 3.88%
    $75k-100k 35 $11,365,000 $324,714 $3,208 3.76%
    $50k-75k 27 $8,035,000 $297,593 $2,906 3.76%
    $50k or less 14 $5,640,000 $402,857 $2,797 3.87%

    Cambridge Trust Company lent most frequently to those with incomes in the $250k+ range, with 144 originations. The second most popular income band? $150k-250k, with 97 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 108 $70,110,000 $649,167 $3,493 3.72%
    30-36% 86 $52,050,000 $605,233 $3,864 3.73%
    <20% 48 $31,710,000 $660,625 $3,590 3.63%
    41% 20 $11,800,000 $590,000 $3,688 3.84%
    37% 19 $15,775,000 $830,263 $4,229 3.66%
    42% 15 $7,225,000 $481,667 $3,089 3.79%
    36% 15 $10,605,000 $707,000 $3,398 3.73%
    40% 15 $8,135,000 $542,333 $4,273 4.03%
    44% 12 $8,400,000 $700,000 $5,077 3.71%
    39% 10 $4,410,000 $441,000 $3,204 3.75%
    38% 9 $5,885,000 $653,889 $3,710 3.66%
    47% 7 $4,535,000 $647,857 $4,687 3.73%
    50-60% 6 $6,920,000 $1,153,333 $6,462 3.79%
    43% 6 $2,840,000 $473,333 $2,901 3.77%
    45% 6 $5,100,000 $850,000 $3,929 3.56%
    49% 6 $4,860,000 $810,000 $8,801 4.25%
    48% 5 $1,845,000 $369,000 $2,826 4.38%
    46% 4 $1,740,000 $435,000 $2,914 3.81%

    Cambridge Trust Company lent most frequently to those with DTI ratios of 20-30%, with 108 originations. The next most common DTI ratio? 30-36%, with 86 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 315 $200,415,000 $636,238 $3,834 3.77%
    Not applicable 59 $103,875,000 $1,760,593 $0 4.81%
    Not provided 54 $38,340,000 $710,000 $3,774 3.72%
    Asian 13 $9,965,000 $766,538 $3,757 3.81%
    Black 18 $6,930,000 $385,000 $3,007 3.53%

    Approval Rates

    Total approvals of all applications
    95.83%

    Cambridge Trust Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    82.14%

    Cambridge Trust Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 459 $359,525,000 $783,279

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 26 $80,040,000 $3,078,462
    Single Family (1-4 Units):Manufactured 1 $205,000 $205,000
    Single Family (1-4 Units):Site-Built 432 $279,280,000 $646,481

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 53 $30,775,000 $580,660 $3,221 3.74%
    40-60% 77 $66,885,000 $868,636 $3,493 3.78%
    60-80% 229 $213,975,000 $934,389 $4,415 4.01%
    80-100% 84 $43,720,000 $520,476 $3,455 3.74%
    Under 20% 16 $4,170,000 $260,625 $1,751 3.97%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Cambridge Trust Company 1336 Massachusetts Avenue Cambridge, MA 2138 Full Service B&M $669,018
    Cambridge Trust Company 143 Daniel Street Portsmouth, NH 3801 Full Service B&M $146,385
    Cambridge Trust Company 1690 Massachusetts Avenue Lexington, MA 2420 Full Service B&M $72,917
    Cambridge Trust Company 17 Portsmouth Avenue Stratham, NH 3885 Full Service B&M $124,850
    Cambridge Trust Company 1720 Massachusetts Avenue Cambridge, MA 2138 Full Service B&M $130,146
    Cambridge Trust Company 2 Harbour Place Portsmouth, NH 3801 Limited, Administrative $0
    Cambridge Trust Company 20 International Drive Portsmouth, NH 3801 Full Service B&M $19,566
    Cambridge Trust Company 26 Lafayette Road North Hampton, NH 3862 Full Service B&M $72,040
    Cambridge Trust Company 326 Main Street Cambridge, MA 2142 Full Service B&M $238,795
    Cambridge Trust Company 353 Huron Avenue Cambridge, MA 2138 Full Service B&M $177,919
    Cambridge Trust Company 361 Trapelo Road Belmont, MA 2478 Full Service B&M $105,163
    Cambridge Trust Company 494 Boston Post Road Weston, MA 2493 Full Service B&M $145,170
    Cambridge Trust Company 565 Tremont Street Boston, MA 2118 Full Service B&M $30,971
    Cambridge Trust Company 65 Beacon Street Boston, MA 2108 Full Service B&M $126,764
    Cambridge Trust Company 75 Main Street Concord, MA 1742 Full Service B&M $233,291
    Cambridge Trust Company 920 Central Avenue Dover, NH 3820 Full Service B&M $14,807
    Cambridge Trust Company 99 South River Road Bedford, NH 3110 Full Service B&M $26,002

    For 2019, Cambridge Trust Company had 17 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $97,080
    Net interest income $79,437
    Total noninterest income $35,741
    Gross Fiduciary activities income $26,499
    Service charges on deposit accounts $3,088
    Trading account gains and fees $0
    Additional Noninterest Income $6,154
    Pre-tax net operating income $34,129
    Securities gains (or losses, -) $-79
    Income before extraordinary items $25,353
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $25,353
    Minority interest net income $0
    Net income $25,353
    Sale, conversion, retirement of capital stock, net $40,685
    Net operating income $25,415

    Cambridge Trust Company's gross interest income from loans was $97,080,000.
    Cambridge Trust Company's net interest income from loans was $79,437,000.
    Cambridge Trust Company's fee based income from loans was $3,088,000.
    Cambridge Trust Company's net income from loans was $25,353,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $17,643
    Provision for credit losses $3,004
    Total noninterest expense $78,045
    Salaries and employee benefits $48,013
    Premises and equipment expense $10,059
    Additional noninterest expense $19,973
    Applicable income taxes $8,697
    Net charge-offs $1,592
    Cash dividends $10,732

    Cambridge Trust Company's interest expense for loans was $17,643,000.
    Cambridge Trust Company's payroll and benefits expense were $48,013,000.
    Cambridge Trust Company's property, plant and equipment expenses $10,059,000.

    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 $2,360,558
    Deposits held in domestic offices $2,360,558
    Deposits by Individuals, partnerships, and corporations $2,335,207
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $18,019
    Deposits by Commercial banks and other depository institutions in U.S. $7,332
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $461,980
    Demand deposits $388,032
    Nontransaction accounts $1,898,578
    Money market deposit accounts (MMDAs) $181,406
    Other savings deposits (excluding MMDAs) $1,536,869
    Total time deposits $180,303
    Total time and savings deposits $1,972,526
    Noninterest-bearing deposits $632,273
    Interest-bearing deposits $1,728,285
    Retail deposits $2,298,395
    IRAs and Keogh plan accounts $21,784
    Brokered deposits $1,407
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,855,550
    Cash & Balances due from depository institutions $61,330
    Interest-bearing balances $41,347
    Total securities $398,502
    Federal funds sold & reverse repurchase $0
    Net loans and leases $2,210,094
    Loan and leases loss allowance $18,180
    Trading account assets $0
    Bank premises and fixed assets $45,463
    Other real estate owned $163
    Goodwill and other intangibles $35,865
    All other assets $104,133

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,855,550
    Total Liabilities $2,570,682
    Total deposits $2,360,558
    Interest-bearing deposits $1,728,285
    Deposits held in domestic offices $2,360,558
    % insured (estimated) $58
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $170,745
    Subordinated debt $0
    All other liabilities $39,379

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $2,210,094
    Loan and leases loss allowance $18,180
    Total loans and leases (domestic) $2,228,274
    All real estate loans $2,065,385
    Real estate loans in domestic offices $2,065,385
    Construction and development loans $99,704
    Residential 1-4 family construction $53,334
    Other construction, all land development and other land $46,370
    Loans secured by nonfarm nonresidential properties $664,555
    Nonfarm nonresidential secured by owner-occupied properties $115,916
    Commercial real estate & other non-farm, non-residential $548,639
    Multifamily residential real estate $289,884
    1-4 family residential loans $1,009,220
    Farmland loans $2,022
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $125,470
    To non-U.S. addressees $0
    Loans to individuals $34,084
    Credit card loans $0
    Related Plans $941
    Consumer Auto Loans $39
    Other loans to individuals $33,104
    All other loans & leases $3,334
    Loans to foreign governments and official institutions $0
    Other loans $179
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $2,605
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Cambridge Trust Company had $2,210,094,000 of loans outstanding in 2019. $2,065,385,000 of loans were in real estate loans. $99,704,000 of loans were in development loans. $289,884,000 of loans were in multifamily mortgage loans. $1,009,220,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $39,000 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 340 $105,786 $311,135
    Nonfarm, nonresidential loans - <$100k 40 $2,002 $50,050
    Nonfarm, nonresidential loans - $100-250k 104 $15,085 $145,048
    Nonfarm, nonresidential loans - $250k-1MM 196 $88,699 $452,546
    Commercial & Industrial, US addressed loans - <$1MM 530 $66,517 $125,504
    Commercial & Industrial, US addressed loans - <$100k 366 $28,352 $77,464
    Commercial & Industrial, US addressed loans - $100-250k 82 $11,461 $139,768
    Commercial & Industrial, US addressed loans - $250k-1MM 82 $26,704 $325,659
    Farmland loans - <$1MM 5 $1,346 $269,200
    Farmland loans - $100-250k 2 $190 $95,000
    Farmland loans - $250k-1MM 3 $1,156 $385,333