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, Barnstable Town, Providence, Portland, and Lebanon 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% 4/28/24
    30 Year Conventional Refi 6.06% 4/28/24
    30 Year Cash-out Refi 5.94% 4/28/24
    15 Year Conventional Purchase 5.73% 4/28/24
    15 Year Conventional Refi 5.76% 4/28/24
    15 Year Cash-out Refi 5.76% 4/28/24
    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

    773

    Origination Dollar Volume (All Markets)

    $765,115,000

    Employee count

    384

    Awards

    Cambridge Trust Company 30 Year Conventional Loans silver Cambridge Trust Company 30 Year Conventional Loans bronze Cambridge Trust Company 30 Year Conventional Loans silver Cambridge Trust Company 30 Year Conventional Loans gold
    Show all (4) 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) 653 $661,825,000 $1,013,515 $3,955 2.89%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 33 $34,165,000 $1,035,303 $4,405 2.83%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 12 $15,940,000 $1,328,333 $4,948 2.84%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 23 $14,885,000 $647,174 $4,208 2.92%
    Lebanon, NH-VT (FHA|USDA|VA) 9 $8,205,000 $911,667 $7,462 2.88%
    Outside of Metro Areas 8 $7,470,000 $933,750 $4,918 2.84%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 9 $5,555,000 $617,222 $4,317 2.97%
    WORCESTER, MA-CT (FHA|USDA|VA) 10 $4,620,000 $462,000 $3,368 2.90%
    Vineyard Haven, MA (FHA|USDA|VA) 4 $4,510,000 $1,127,500 $4,506 2.84%
    PITTSFIELD, MA (FHA|USDA|VA) 4 $3,240,000 $810,000 $3,682 2.66%
    Concord, NH (FHA|USDA|VA) 5 $2,705,000 $541,000 $3,564 2.80%
    Laconia, NH (FHA|USDA|VA) 2 $1,830,000 $915,000 $6,062 2.75%
    SPRINGFIELD, MA (FHA|USDA|VA) 1 $165,000 $165,000 $2,120 2.88%
    Cambridge Trust Company's top markets include Boston, Barnstable Town, Providence, Portland, and Lebanon among others.

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

    INFINITY Federal Credit Union
    Similarity Rank: 136
    CASCO
    Similarity Rank: 226
    TOWN & COUNTRY FEDERAL CREDIT UNION
    Similarity Rank: 240
    Sharon & Crescent United Credit Union
    Similarity Rank: 335
    CUMBERLAND COUNTY
    Similarity Rank: 464
    LUSO-AMERICAN CREDIT UNION
    Similarity Rank: 474
    Kennebec Savings Bank
    Similarity Rank: 535
    Saco & Biddeford Savings Institution
    Similarity Rank: 556
    Bath Savings Institution
    Similarity Rank: 648
    Maine Savings Federal Credit Union
    Similarity Rank: 650

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 772 $764,060,000 $989,715 $4,053 2.89%
    HELOC 1 $1,055,000 $1,055,000 n/a 4.00%

    For 2021, Cambridge Trust Company's most frequently originated type of loan was Conventional, with 772 originations. Their 2nd most popular type was HELOC, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 292 $286,720,000 $981,918 $3,415 2.90%
    Home Purchase 270 $269,240,000 $997,185 $4,722 2.87%
    Cash Out Refi 177 $184,525,000 $1,042,514 $4,255 2.90%
    Other 25 $16,005,000 $640,200 $3,291 2.83%
    Home Improvement 9 $8,625,000 $958,333 $4,318 3.00%

    For 2021, Cambridge Trust Company's most frequently cited loan purpose was Refi, with 292 originations. The 2nd most popular reason was Home Purchase, with 270 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 627 $502,095,000 $800,789 $3,880 2.85%
    15 Year 52 $29,270,000 $562,885 $3,115 2.65%
    10 Year 40 $159,050,000 $3,976,250 $3,066 3.27%
    30+ year 29 $29,095,000 $1,003,276 $10,147 2.94%
    Other 13 $31,925,000 $2,455,769 $0 4.21%
    20 Year 11 $4,505,000 $409,545 $3,000 2.86%
    5 Year 1 $9,175,000 $9,175,000 $0 3.00%

    For 2021, Cambridge Trust Company's most frequently cited loan duration was 30 Year, with 627 originations. The 2nd most popular length was 15 Year, with 52 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 678 $532,430,000 $785,295
    $5k+ 10 $13,140,000 $1,314,000
    $4k-5k 6 $6,620,000 $1,103,333
    $1k-2k 4 $3,250,000 $812,500
    $2k-3k 4 $1,870,000 $467,500
    $3k-4k 3 $2,155,000 $718,333

    Cambridge Trust Company's average total fees were $3,880, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 678 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 569 $502,195,000 $882,592
    3-4% 117 $169,095,000 $1,445,256
    <2.5% 79 $82,865,000 $1,048,924
    4-5% 8 $10,960,000 $1,370,000

    During 2021, Cambridge Trust Company's average interest rate for loans was 2.85%, while their most frequently originated rate bucket for loans was 2.5-3%, with 569 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 219 $491,425,000 $2,243,950 $6,324 2.95%
    $200k-400k 178 $53,780,000 $302,135 $2,764 2.78%
    $600k-1MM 174 $135,270,000 $777,414 $4,042 2.95%
    $400k-600k 155 $77,185,000 $497,968 $3,231 2.84%
    $100k-200k 44 $7,180,000 $163,182 $2,412 2.95%
    $100,000 or less 3 $275,000 $91,667 $2,275 3.21%

    2021 saw Cambridge Trust Company place emphasis on $1MM+ loans with 219 originations, totaling $491,425,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 318 $356,110,000 $1,119,843 $4,766 2.85%
    $150k-250k 159 $95,855,000 $602,862 $3,830 2.90%
    $100k-150k 73 $35,065,000 $480,342 $3,496 2.95%
    $75k-100k 67 $23,645,000 $352,910 $2,930 2.82%
    $50k-75k 56 $17,980,000 $321,071 $2,899 2.52%
    $50k or less 51 $38,885,000 $762,451 $3,748 2.85%

    Cambridge Trust Company lent most frequently to those with incomes in the $250k+ range, with 318 originations. The second most popular income band? $150k-250k, with 159 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 211 $177,575,000 $841,588 $4,206 2.87%
    30-36% 153 $122,165,000 $798,464 $4,043 2.80%
    <20% 125 $96,695,000 $773,560 $3,749 2.84%
    40% 27 $20,395,000 $755,370 $4,322 2.81%
    39% 24 $17,220,000 $717,500 $4,068 2.87%
    42% 22 $16,550,000 $752,273 $3,937 2.88%
    41% 22 $15,040,000 $683,636 $3,872 2.75%
    36% 21 $16,835,000 $801,667 $4,228 2.79%
    37% 21 $20,055,000 $955,000 $4,255 2.83%
    38% 20 $9,280,000 $464,000 $3,096 2.82%
    43% 16 $10,190,000 $636,875 $3,587 2.84%
    44% 13 $9,475,000 $728,846 $4,401 2.87%
    46% 12 $9,150,000 $762,500 $4,188 2.90%
    45% 10 $4,810,000 $481,000 $3,382 2.96%
    47% 9 $6,135,000 $681,667 $4,486 2.96%
    49% 9 $6,765,000 $751,667 $4,882 2.82%
    48% 5 $4,735,000 $947,000 $4,098 2.83%
    >60% 2 $2,280,000 $1,140,000 $8,818 2.81%
    50-60% 2 $2,190,000 $1,095,000 $6,867 3.00%

    Cambridge Trust Company lent most frequently to those with DTI ratios of 20-30%, with 211 originations. The next most common DTI ratio? 30-36%, with 153 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 540 $442,670,000 $819,759 $4,138 2.87%
    Not applicable 48 $194,470,000 $4,051,458 $0 3.59%
    Not provided 137 $102,445,000 $747,774 $3,889 2.82%
    Asian 18 $12,960,000 $720,000 $3,991 2.81%
    Black 25 $10,515,000 $420,600 $3,334 2.46%
    American Indian 4 $1,040,000 $260,000 $2,736 2.75%
    Asian Indian 1 $1,015,000 $1,015,000 $5,328 2.88%

    Approval Rates

    Total approvals of all applications
    97.54%

    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
    88.49%

    Cambridge Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 773 $765,115,000 $989,799

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    773 $765,115,000 $989,799

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 121 $133,035,000 $1,099,463 $3,127 2.90%
    40-60% 184 $152,210,000 $827,228 $3,533 2.93%
    60-80% 323 $384,035,000 $1,188,963 $4,773 2.96%
    80-100% 125 $89,545,000 $716,360 $4,137 2.65%
    Under 20% 20 $6,290,000 $314,500 $2,595 2.76%

    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 $838,247
    Cambridge Trust Company 143 Daniel Street Portsmouth, NH 3801 Full Service B&M $159,207
    Cambridge Trust Company 1690 Massachusetts Avenue Lexington, MA 2420 Full Service B&M $104,299
    Cambridge Trust Company 17 Portsmouth Avenue Stratham, NH 3885 Full Service B&M $109,109
    Cambridge Trust Company 1720 Massachusetts Avenue Cambridge, MA 2138 Full Service B&M $166,032
    Cambridge Trust Company 195-197 Linden Street Wellesley, MA 2482 Full Service B&M $188,126
    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 $20,957
    Cambridge Trust Company 26 Lafayette Road North Hampton, NH 3862 Full Service B&M $93,873
    Cambridge Trust Company 29 Washington Street Wellesley Hills, MA 2481 Full Service B&M $105,546
    Cambridge Trust Company 326 Main Street Cambridge, MA 2142 Full Service B&M $330,723
    Cambridge Trust Company 353 Huron Avenue Cambridge, MA 2138 Full Service B&M $219,465
    Cambridge Trust Company 361 Trapelo Road Belmont, MA 2478 Full Service B&M $142,573
    Cambridge Trust Company 40 Central Street Wellesley, MA 2482 Full Service B&M $157,875
    Cambridge Trust Company 494 Boston Post Road Weston, MA 2493 Full Service B&M $184,879
    Cambridge Trust Company 65 Beacon Street Boston, MA 2108 Full Service B&M $258,449
    Cambridge Trust Company 75 Main Street Concord, MA 1742 Full Service B&M $345,121
    Cambridge Trust Company 776-1 Beacon Street Newton Center, MA 2459 Full Service B&M $69,167
    Cambridge Trust Company 865 Central Ave Needham, MA 2492 Full Service Retail $9,008
    Cambridge Trust Company 920 Central Avenue Dover, NH 3820 Full Service B&M $18,491
    Cambridge Trust Company 99 South River Road Bedford, NH 3110 Full Service B&M $72,967
    Cambridge Trust Company One Federal St Boston, MA 2110 Full Service B&M $174,821

    For 2021, Cambridge Trust Company had 23 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $134,145
    Net interest income $128,612
    Total noninterest income $43,692
    Gross Fiduciary activities income $35,037
    Service charges on deposit accounts $1,806
    Trading account gains and fees $0
    Additional Noninterest Income $6,849
    Pre-tax net operating income $73,264
    Securities gains (or losses, -) $0
    Income before extraordinary items $54,131
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $54,131
    Minority interest net income $0
    Net income $54,131
    Sale, conversion, retirement of capital stock, net $1,761
    Net operating income $54,131

    Cambridge Trust Company's gross interest income from loans was $134,145,000.
    Cambridge Trust Company's net interest income from loans was $128,612,000.
    Cambridge Trust Company's fee based income from loans was $1,806,000.
    Cambridge Trust Company's net income from loans was $54,131,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,533
    Provision for credit losses $-1,294
    Total noninterest expense $100,334
    Salaries and employee benefits $65,732
    Premises and equipment expense $12,772
    Additional noninterest expense $21,830
    Applicable income taxes $19,133
    Net charge-offs $-154
    Cash dividends $16,554

    Cambridge Trust Company's interest expense for loans was $5,533,000.
    Cambridge Trust Company's payroll and benefits expense were $65,732,000.
    Cambridge Trust Company's property, plant and equipment expenses $12,772,000.

    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 $4,341,455
    Deposits held in domestic offices $4,341,455
    Deposits by Individuals, partnerships, and corporations $4,294,457
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $35,001
    Deposits by Commercial banks and other depository institutions in U.S. $11,997
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $984,687
    Demand deposits $807,304
    Nontransaction accounts $3,356,768
    Money market deposit accounts (MMDAs) $1,104,238
    Other savings deposits (excluding MMDAs) $2,090,460
    Total time deposits $162,069
    Total time and savings deposits $3,534,151
    Noninterest-bearing deposits $1,404,238
    Interest-bearing deposits $2,937,217
    Retail deposits $4,281,534
    IRAs and Keogh plan accounts $23,871
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $4,891,222
    Cash & Balances due from depository institutions $180,153
    Interest-bearing balances $161,731
    Total securities $1,174,864
    Federal funds sold & reverse repurchase $0
    Net loans and leases $3,286,100
    Loan and leases loss allowance $34,496
    Trading account assets $0
    Bank premises and fixed assets $47,444
    Other real estate owned $0
    Goodwill and other intangibles $55,579
    All other assets $147,082

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $4,891,222
    Total Liabilities $4,464,010
    Total deposits $4,341,455
    Interest-bearing deposits $2,937,217
    Deposits held in domestic offices $4,341,455
    % insured (estimated) $50
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $50,381
    Subordinated debt $0
    All other liabilities $72,174

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $3,286,100
    Loan and leases loss allowance $34,496
    Total loans and leases (domestic) $3,320,596
    All real estate loans $3,010,201
    Real estate loans in domestic offices $3,010,201
    Construction and development loans $101,118
    Residential 1-4 family construction $44,831
    Other construction, all land development and other land $56,287
    Loans secured by nonfarm nonresidential properties $823,094
    Nonfarm nonresidential secured by owner-occupied properties $140,500
    Commercial real estate & other non-farm, non-residential $682,594
    Multifamily residential real estate $540,061
    1-4 family residential loans $1,545,471
    Farmland loans $457
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $271,289
    To non-U.S. addressees $0
    Loans to individuals $34,887
    Credit card loans $0
    Related Plans $12,026
    Consumer Auto Loans $6
    Other loans to individuals $22,855
    All other loans & leases $4,219
    Loans to foreign governments and official institutions $0
    Other loans $1,514
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $1,500
    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 $3,286,100,000 of loans outstanding in 2021. $3,010,201,000 of loans were in real estate loans. $101,118,000 of loans were in development loans. $540,061,000 of loans were in multifamily mortgage loans. $1,545,471,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $6,000 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 308 $98,693 $320,432
    Nonfarm, nonresidential loans - <$100k 29 $1,273 $43,897
    Nonfarm, nonresidential loans - $100-250k 94 $13,991 $148,840
    Nonfarm, nonresidential loans - $250k-1MM 185 $83,429 $450,968
    Commercial & Industrial, US addressed loans - <$1MM 528 $69,906 $132,398
    Commercial & Industrial, US addressed loans - <$100k 291 $6,492 $22,309
    Commercial & Industrial, US addressed loans - $100-250k 98 $10,845 $110,663
    Commercial & Industrial, US addressed loans - $250k-1MM 139 $52,569 $378,194
    Farmland loans - <$1MM 2 $457 $228,500
    Farmland loans - $100-250k 1 $52 $52,000
    Farmland loans - $250k-1MM 1 $405 $405,000