Construction Loan Rates
30 year - Residential Mortgage
FIXED
Monthly Payment
Rate Points APR Per $1,000
5.875% 2.25 6.395% $5.92
6.250% 0.25 6.598% $6.16
6.375% 0 6.707% $6.24
APR assumes 10% down payment on $100,000 for terms stated above as 04/24/08. Single Family Only.
Maximum Loan Amount $417,000 for above conforming rates. Minimum Down Payment 10%.
Fees: Application Fee: $370.00 Inspection Fees: $320.00
Doc/Prep Review Fee: $275.00 Flood Certification Fee: $13.00
BI - WEEKLY
with  a Chelsea Groton Savings Account EFT*
Number of   Bi-Weekly Payment
Rate Points APR   Payments Per $1,000
5.750% 2 6.303% 643 $5.84
6.125% 0 6.484% 635 $6.08
APR assumes 10% down payment on $100,000 for terms stated above as 04/24/08. Single Family Only.
Maximum Loan Amount $417,000 Minimum Down Payment 10%.
Fees: Application Fee: $370.00 Inspection Fees: $320.00
Doc/Prep Review Fee: $275.00 Flood Certification Fee: $13.00
ADJUSTABLE
Monthly Payments
Rate Points Caps APR Per $1,000
ARM-1 5.000% 0 1%/6% 4.465% $5.37
ARM-5/1 5.625% 0 2%/6% 5.693% $5.76
ARM-1 CONV 5.500% 0 2%/6% 4.510% $5.68
APR assumes 10% down payment on $100,000 for terms stated above as 03/14/08. Single Family Only.
Fees: Application Fee: $370.00 Inspection Fees: $320.00
Doc/Prep Review Fee: $275.00 Flood Certification Fee: $13.00
Private mortgage insurance is required. Ask for different payment options.
For all of the above adjustable rates, the interest rate is adjusted by adding a margin of 2.75% to
the weekly average yield on U.S. Treasury securities adjusted to a constant maturity of one year.
We also offer 10-year loans, jumbo loans, land loans, seasonal and 
second home loans and loans on non-owner occupied properties. Ask us for details.
*Other rates are available if you do not have a Chelsea Groton Bank savings account.
Please see the second page for information about our construction mortgages.
          Member FDIC    Equal Housing Lender        Effective 04/24/08     Last Revision 04/09/08    www.chelseagroton.com
ALL RATES, TERMS AND CONDITIONS SUBJECT TO CHANGE. SUBJECT TO CREDIT APPROVAL
PERMANENT
CONSTRUCTION MORTGAGES
   Use any of our adjustable rate or select fixed rate mortgages. Pay interest only on the
 amounts disbursed during the construction period. When the house is complete, just
  start making regular monthly payments: no second closing required. We can lend up to
  80% (90%) of the combined cost of the land and the cost to construct or 80% (90%) of the
  appraised value, whichever is less. The purchase of a lot can be included in the mortgages, or
   if the land is owned free and clear, it may be used towards the down payment.
             
90% CONSTRUCTION LOAN
Now available from
Chelsea Groton Bank
                          Rate:                          See reverse side for 10% down payment loans.
                          Type of Loan:           Any ARM and Convertible 1-year ARM and
                                                             Special Fixed Rate and Biweekly Loans
                          Eligible Properties:  Single Family
                                                             Primary Residence Only
                           Maximum Loan:     ARM                            $650,000
                                                             Convertible & Fixed    $417,000
                                                             Jumbo Fixed                $650,000
Private mortgage insurance is required. Ask for different payment options.
                           Disbursement:        Loan will be disbursed up to 90% during
                                                            construction. Some other restrictions apply.
                           Special Condition: The 90% construction loan is available only for the
                                                            borrower who is under contract with a builder. 
                                                            Some other restrictions apply.