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 Refi, Home Purchase, and Cash Out Refi loans. Cambridge Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Portland, Barnstable Town, Vineyard Haven, and Providence among others. We have data for 14 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

    694

    Origination Dollar Volume (All Markets)

    $570,610,000

    Employee count

    372

    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) 575 $461,485,000 $802,583 $3,692 3.17%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 32 $44,250,000 $1,382,813 $4,591 3.28%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 28 $24,870,000 $888,214 $4,144 3.13%
    Outside of Metro Areas 9 $11,815,000 $1,312,778 $4,865 3.18%
    Vineyard Haven, MA (FHA|USDA|VA) 5 $5,555,000 $1,111,000 $4,387 3.15%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 10 $5,060,000 $506,000 $3,177 2.98%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 13 $4,705,000 $361,923 $3,345 3.19%
    WORCESTER, MA-CT (FHA|USDA|VA) 7 $4,255,000 $607,857 $3,432 2.93%
    Concord, NH (FHA|USDA|VA) 7 $3,455,000 $493,571 $4,141 3.27%
    Laconia, NH (FHA|USDA|VA) 4 $2,730,000 $682,500 $3,124 3.22%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $1,195,000 $1,195,000 $8,904 3.00%
    Lebanon, NH-VT (FHA|USDA|VA) 1 $585,000 $585,000 $0 3.38%
    SPRINGFIELD, MA (FHA|USDA|VA) 1 $405,000 $405,000 $2,528 2.50%
    Berlin, NH (FHA|USDA|VA) 1 $245,000 $245,000 $3,108 3.00%
    Cambridge Trust Company's top markets include Boston, Portland, Barnstable Town, Vineyard Haven, and Providence among others.

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

    CUMBERLAND COUNTY
    Similarity Rank: 176
    TOWN & COUNTRY FEDERAL CREDIT UNION
    Similarity Rank: 222
    LUSO-AMERICAN CREDIT UNION
    Similarity Rank: 258
    CASCO
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    Piscataqua Savings Bank
    Similarity Rank: 446
    Maine Savings Federal Credit Union
    Similarity Rank: 476
    FIVE COUNTY
    Similarity Rank: 484
    Kennebec Savings Bank
    Similarity Rank: 490
    COMMUNITY CREDIT UNION OF LYNN
    Similarity Rank: 525
    CUSO MORTGAGE CORPORATION
    Similarity Rank: 534

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 694 $570,610,000 $822,205 $3,750 3.17%

    For 2020, Cambridge Trust Company's most frequently originated type of loan was Conventional, with 694 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 294 $236,950,000 $805,952 $3,140 3.04%
    Home Purchase 202 $175,850,000 $870,545 $4,775 3.30%
    Cash Out Refi 180 $142,170,000 $789,833 $3,598 3.21%
    Home Improvement 12 $8,510,000 $709,167 $4,859 3.30%
    Other 6 $7,130,000 $1,188,333 $3,933 3.48%

    For 2020, Cambridge Trust Company's most frequently cited loan purpose was Refi, with 294 originations. The 2nd most popular reason was Home Purchase, with 202 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 529 $401,615,000 $759,197 $3,637 3.18%
    15 Year 74 $32,270,000 $436,081 $2,800 2.81%
    10 Year 36 $80,210,000 $2,228,056 $2,414 3.25%
    30+ year 22 $22,820,000 $1,037,273 $10,913 3.29%
    20 Year 20 $6,300,000 $315,000 $2,330 3.18%
    Other 8 $7,980,000 $997,500 $5,242 4.69%
    5 Year 3 $17,765,000 $5,921,667 $0 3.63%
    1 Year 2 $1,650,000 $825,000 $0 4.00%

    For 2020, Cambridge Trust Company's most frequently cited loan duration was 30 Year, with 529 originations. The 2nd most popular length was 15 Year, with 74 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 590 $421,240,000 $713,966
    $1k-2k 13 $4,295,000 $330,385
    $5k+ 11 $18,245,000 $1,658,636
    $2k-3k 5 $2,325,000 $465,000
    $3k-4k 1 $645,000 $645,000

    Cambridge Trust Company's average total fees were $3,637, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 590 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 358 $287,900,000 $804,190
    2.5-3% 280 $233,070,000 $832,393
    <2.5% 38 $38,610,000 $1,016,053
    4-5% 14 $8,410,000 $600,714
    5-6% 2 $1,970,000 $985,000
    6-7% 1 $335,000 $335,000

    During 2020, Cambridge Trust Company's average interest rate for loans was 3.18%, while their most frequently originated rate bucket for loans was 3-4%, with 358 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 185 $91,675,000 $495,541 $3,015 3.12%
    $1MM+ 158 $308,960,000 $1,955,443 $6,349 3.20%
    $200k-400k 154 $46,260,000 $300,390 $2,876 3.05%
    $600k-1MM 152 $117,110,000 $770,461 $3,690 3.29%
    $100k-200k 38 $6,050,000 $159,211 $2,240 3.17%
    $100,000 or less 7 $555,000 $79,286 $1,977 3.43%

    2020 saw Cambridge Trust Company place emphasis on $400k-600k loans with 185 originations, totaling $91,675,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 264 $281,520,000 $1,066,364 $4,695 3.16%
    $150k-250k 171 $93,955,000 $549,444 $3,233 3.18%
    $100k-150k 109 $44,575,000 $408,945 $2,945 3.07%
    $75k-100k 41 $14,365,000 $350,366 $2,861 3.08%
    $50k-75k 33 $10,555,000 $319,848 $2,848 3.06%
    $50k or less 28 $17,760,000 $634,286 $3,572 3.06%

    Cambridge Trust Company lent most frequently to those with incomes in the $250k+ range, with 264 originations. The second most popular income band? $150k-250k, with 171 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 216 $137,050,000 $634,491 $3,581 3.15%
    30-36% 129 $98,295,000 $761,977 $3,862 3.15%
    <20% 114 $87,060,000 $763,684 $3,687 3.03%
    39% 23 $16,095,000 $699,783 $4,426 3.11%
    41% 19 $16,755,000 $881,842 $4,596 3.30%
    37% 18 $10,920,000 $606,667 $3,339 3.13%
    36% 18 $14,900,000 $827,778 $3,669 3.16%
    38% 17 $14,825,000 $872,059 $4,174 3.18%
    40% 16 $16,950,000 $1,059,375 $4,025 3.02%
    44% 14 $10,640,000 $760,000 $3,654 3.13%
    45% 13 $8,515,000 $655,000 $3,206 3.36%
    43% 13 $8,585,000 $660,385 $4,187 3.24%
    46% 13 $5,345,000 $411,154 $3,249 2.94%
    42% 8 $6,090,000 $761,250 $3,677 3.22%
    47% 8 $4,720,000 $590,000 $3,375 3.38%
    48% 6 $3,300,000 $550,000 $3,370 3.25%
    49% 4 $3,100,000 $775,000 $5,729 3.09%
    50-60% 3 $3,545,000 $1,181,667 $5,131 3.33%

    Cambridge Trust Company lent most frequently to those with DTI ratios of 20-30%, with 216 originations. The next most common DTI ratio? 30-36%, with 129 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 476 $342,390,000 $719,307 $3,804 3.16%
    Not provided 133 $101,725,000 $764,850 $3,723 3.13%
    Not applicable 39 $100,095,000 $2,566,538 $0 3.63%
    Asian 31 $19,615,000 $632,742 $3,285 2.97%
    Black 14 $5,080,000 $362,857 $3,113 2.85%
    Other Asian 1 $1,705,000 $1,705,000 $5,157 2.88%

    Approval Rates

    Total approvals of all applications
    94.85%

    Cambridge Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.01%

    Cambridge Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 694 $570,610,000 $822,205

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 22 $83,900,000 $3,813,636
    Single Family (1-4 Units):Site-Built 672 $486,710,000 $724,271

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 103 $60,275,000 $585,194 $3,013 3.03%
    40-60% 169 $114,635,000 $678,314 $3,375 3.09%
    60-80% 313 $319,805,000 $1,021,741 $4,053 3.25%
    80-100% 83 $61,725,000 $743,675 $4,290 3.12%
    Over 100% 4 $4,960,000 $1,240,000 $12,243 3.13%
    Under 20% 22 $9,210,000 $418,636 $2,282 3.34%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Cambridge Trust Company 100 Worcester Street, Suite 300 Wellesley, MA 2481 Full Service Cyber Office $0
    Cambridge Trust Company 1336 Massachusetts Ave Cambridge, MA 2138 Full Service B&M $726,802
    Cambridge Trust Company 143 Daniel Street Portsmouth, NH 3801 Full Service B&M $123,458
    Cambridge Trust Company 1690 Massachusetts Avenue Lexington, MA 2420 Full Service B&M $87,293
    Cambridge Trust Company 17 Portsmouth Avenue Stratham, NH 3885 Full Service B&M $120,846
    Cambridge Trust Company 1720 Massachusetts Avenue Cambridge, MA 2138 Full Service B&M $158,100
    Cambridge Trust Company 195-197 Linden Street Wellesley, MA 2482 Full Service B&M $218,726
    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 $25,575
    Cambridge Trust Company 26 Lafayette Road North Hampton, NH 3862 Full Service B&M $73,756
    Cambridge Trust Company 29 Washington Street Wellesley Hills, MA 2481 Full Service B&M $101,604
    Cambridge Trust Company 326 Main Street Cambridge, MA 2142 Full Service B&M $249,465
    Cambridge Trust Company 353 Huron Avenue Cambridge, MA 2138 Full Service B&M $199,331
    Cambridge Trust Company 361 Trapelo Road Belmont, MA 2478 Full Service B&M $122,839
    Cambridge Trust Company 40 Central Street Wellesley, MA 2482 Full Service B&M $225,014
    Cambridge Trust Company 494 Boston Post Road Weston, MA 2493 Full Service B&M $161,425
    Cambridge Trust Company 565 Tremont Street Boston, MA 2118 Full Service B&M $34,432
    Cambridge Trust Company 65 Beacon Street Boston, MA 2108 Full Service B&M $150,662
    Cambridge Trust Company 75 Main Street Concord, MA 1742 Full Service B&M $273,600
    Cambridge Trust Company 776-1 Beacon Street Newton Center, MA 2459 Full Service B&M $81,028
    Cambridge Trust Company 865 Central Ave Needham, MA 2492 Full Service Retail $7,835
    Cambridge Trust Company 920 Central Avenue Dover, NH 3820 Full Service B&M $12,244
    Cambridge Trust Company 99 South River Road Bedford, NH 3110 Full Service B&M $23,291
    Cambridge Trust Company One Federal St Boston, MA 2110 Full Service B&M $106,688

    For 2020, Cambridge Trust Company had 24 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $129,950
    Net interest income $121,248
    Total noninterest income $38,885
    Gross Fiduciary activities income $29,056
    Service charges on deposit accounts $2,522
    Trading account gains and fees $0
    Additional Noninterest Income $7,307
    Pre-tax net operating income $43,848
    Securities gains (or losses, -) $69
    Income before extraordinary items $32,360
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $32,360
    Minority interest net income $0
    Net income $32,360
    Sale, conversion, retirement of capital stock, net $4,112
    Net operating income $32,305

    Cambridge Trust Company's gross interest income from loans was $129,950,000.
    Cambridge Trust Company's net interest income from loans was $121,248,000.
    Cambridge Trust Company's fee based income from loans was $2,522,000.
    Cambridge Trust Company's net income from loans was $32,360,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $8,702
    Provision for credit losses $18,070
    Total noninterest expense $98,215
    Salaries and employee benefits $59,811
    Premises and equipment expense $11,965
    Additional noninterest expense $26,439
    Applicable income taxes $11,557
    Net charge-offs $439
    Cash dividends $13,083

    Cambridge Trust Company's interest expense for loans was $8,702,000.
    Cambridge Trust Company's payroll and benefits expense were $59,811,000.
    Cambridge Trust Company's property, plant and equipment expenses $11,965,000.

    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 $3,405,004
    Deposits held in domestic offices $3,405,004
    Deposits by Individuals, partnerships, and corporations $3,372,097
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $15,168
    Deposits by Commercial banks and other depository institutions in U.S. $17,739
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $814,540
    Demand deposits $647,075
    Nontransaction accounts $2,590,464
    Money market deposit accounts (MMDAs) $532,218
    Other savings deposits (excluding MMDAs) $1,804,974
    Total time deposits $253,272
    Total time and savings deposits $2,757,929
    Noninterest-bearing deposits $1,008,053
    Interest-bearing deposits $2,396,951
    Retail deposits $3,287,722
    IRAs and Keogh plan accounts $29,496
    Brokered deposits $20,701
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $3,949,004
    Cash & Balances due from depository institutions $75,744
    Interest-bearing balances $56,793
    Total securities $484,702
    Federal funds sold & reverse repurchase $0
    Net loans and leases $3,124,541
    Loan and leases loss allowance $36,016
    Trading account assets $0
    Bank premises and fixed assets $52,307
    Other real estate owned $1,820
    Goodwill and other intangibles $56,075
    All other assets $153,815

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $3,949,004
    Total Liabilities $3,549,485
    Total deposits $3,405,004
    Interest-bearing deposits $2,396,951
    Deposits held in domestic offices $3,405,004
    % insured (estimated) $55
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $70,440
    Subordinated debt $0
    All other liabilities $74,041

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $3,124,541
    Loan and leases loss allowance $36,016
    Total loans and leases (domestic) $3,160,557
    All real estate loans $2,769,056
    Real estate loans in domestic offices $2,769,056
    Construction and development loans $166,065
    Residential 1-4 family construction $90,027
    Other construction, all land development and other land $76,038
    Loans secured by nonfarm nonresidential properties $789,270
    Nonfarm nonresidential secured by owner-occupied properties $148,070
    Commercial real estate & other non-farm, non-residential $641,200
    Multifamily residential real estate $392,856
    1-4 family residential loans $1,419,055
    Farmland loans $1,810
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $347,070
    To non-U.S. addressees $0
    Loans to individuals $41,345
    Credit card loans $0
    Related Plans $12,622
    Consumer Auto Loans $9
    Other loans to individuals $28,714
    All other loans & leases $3,086
    Loans to foreign governments and official institutions $0
    Other loans $156
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $2,300
    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 $3,124,541,000 of loans outstanding in 2020. $2,769,056,000 of loans were in real estate loans. $166,065,000 of loans were in development loans. $392,856,000 of loans were in multifamily mortgage loans. $1,419,055,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $9,000 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 360 $114,477 $317,992
    Nonfarm, nonresidential loans - <$100k 32 $1,490 $46,563
    Nonfarm, nonresidential loans - $100-250k 110 $16,487 $149,882
    Nonfarm, nonresidential loans - $250k-1MM 218 $96,500 $442,661
    Commercial & Industrial, US addressed loans - <$1MM 1,107 $132,557 $119,744
    Commercial & Industrial, US addressed loans - <$100k 643 $20,976 $32,622
    Commercial & Industrial, US addressed loans - $100-250k 252 $31,758 $126,024
    Commercial & Industrial, US addressed loans - $250k-1MM 212 $79,823 $376,524
    Farmland loans - <$1MM 5 $1,192 $238,400
    Farmland loans - $100-250k 2 $167 $83,500
    Farmland loans - $250k-1MM 3 $1,025 $341,667