10 and 15 and 20 Year Fixed Rate Mortgages | Andover Bank

Save more in less time? Good Plan.

No closing cost refi mortgage. 10-, 15-, or 20-year fixed rate options.

If you’re past the stage of a traditional 30-year mortgage, then Andover Bank’s fixed rate options might be right for you. You can retire your mortgage faster, giving you the financial freedom to enjoy life the way you’ve dreamed about.

2.74%APR* 10-Year Fixed RateApply now for a new mortgage loan

3.24%APR* 15-Year Fixed Rate

3.49%APR* 20-Year Fixed Rate

No Closing Costs

  • Lower rate and a short term
  • Faster payoff saves thousands in interest
  • Local, trusted guidance the whole way
  • Access to our special 2.00% APY** Affinity Checking (on balances up to $10,000)

Speak with an Andover lending expert for details. We’re committed to helping you make the best borrowing decision.

Making happy homeowners since 1884.

Apply online or in person

Apply Now Check Today's Rates Calculate Your Payment

*Annual Percentage Rates (APR) and interest rates include a preferred rate reduction of 0.25% for automatic payments from an Andover Bank checking product and are accurate as of 10/29/2020. Refinances only, $30,000 new money with a maximum loan amount of $200,000. Maximum 80% loan to value, first lien position on an owner occupied primary residence. All payments exclude taxes and insurance thus your payment will be greater than disclosed. Flood insurance may be required. Subject to credit approval with credit score of 740 or above. Bank paid closing costs include drive-by appraisal fee, flood zone determination, tax service fee, limited lien search and government recording charges. Costs for optional services and interest due at closing are not included. If this loan is paid off within the first 36 months, you agree to reimburse Andover Bank the third party origination fees the bank paid on your behalf, up to $500. Limited time offer. Loan available under $30,000 new money with borrower paid closing costs. Payment example: On a 10 year fixed rate loan with a base loan amount of $100,000 with an interest rate of 2.740% and an APR of 2.740%, the monthly payment would be $953.65. On a 15 year fixed rate loan with a base loan amount of $100,000 with an interest rate of 3.240% and an APR of 3.240%, the monthly payment would be $702.18. On a 20 year fixed rate loan with a base loan amount of $100,000 with an interest rate of 3.490% and an APR of 3.490%, the monthly payment would be $579.45. ** Annual Percentage Yield (APY) is accurate as of 10/29/2020. This is a variable rate account and the interest rates and APYs may change at any time. Fees may reduce earnings. $0 minimum to open and $0.01 minimum balance to earn stated APY. To earn premium rate, account requirements must be met. Account requirements include, 12 debit card (POS) transactions of $10 or more to post and clear each statement cycle, and receiving e-statements.


Need more information?

  • *By manually entering this information it proves that you are not an automated robot or this is a spam form submission.