Adjustable-Rate Mortgage

Disclosures

¹ The following information applies to the mortgage products featured above

• Mortgages are available in CT, MA, NY and RI.
• Rate assumes purchase of a primary residence, single-family property.
• APR is based on a set of assumptions, which include the following:
  • A loan amount of $250,000
  • A down payment of 20% for single-family properties
  • A loan origination fee of $1,000
  • Points up to 2.0% of the loan amount, depending on which rate option is selected.
• Advertised rates assume a credit score of 740. Actual rates may vary based on credit qualifications, loan amount, loan-to-value, occupancy, term, and geography. Rates are subject to change at any time.
• Combined Loan to Value (CLTV) up to 90% is available for certain mortgage products, property types and loan amounts.
• After the initial fixed period, interest rate will be based on an index known as the 30-day Average SOFR index published by the Federal Reserve Bank of New York.
• All loans are subject to the normal credit approval process.

² Adjustable-Rate Mortgage: APR = Annual Percentage Rate. Actual rate may vary based on credit qualifications, loan amount, loan-to-value, occupancy, term, and geography. Rates advertised are valid as of the effective date listed on the Adjustable-Rate mortgage page and are subject to change at any time. Please call 1-877-647-5137 or visit WebsterBank.com to check the latest rates. Rates advertised are variable rate and will change every 6 months after the initial fixed period: 10 years for 10/6m ARM; 7 years for 7/6m ARM; and 5 years for a 5/6m ARM. The 6m means that the interest rate is subject to change every 6 months thereafter. The interest rate will be determined by adding the index to the margin. Rates advertised are discounted 0.125% and apply when you enter into an Automatic Loan Payment Agreement (ALPA) to have payments deducted from a Webster Bank personal checking account. This discount does not apply to Government Assisted Mortgages. All loans are subject to the normal credit approval process. This offer is subject to change without notice and may be withdrawn at any time.

10/6m ARM Payment Example: As an example, a 10/6m ARM with a term of 30 years for $250,000 at 5.625% interest and 5.923% APR will have a monthly payment of $1,419.47 for years 1-10. For years 11-30, payments may change once every 6 months based on any increase or decrease in the Secured Overnight Financing Rate (SOFR) index as outlined in your agreement. Taxes and insurance are not included; therefore, the actual payment obligation will be greater.

7/6m ARM Payment Example: As an example, a 7/6m ARM with a term of 30 years for $250,000 at 5.5% interest and 5.969% APR will have a monthly payment of $1,399.93 for years 1-7. For years 8-30, payments may change once every 6 months based on any increase or decrease in the Secured Overnight Financing Rate (SOFR) index as outlined in your agreement. Taxes and insurance are not included; therefore, the actual payment obligation will be greater.

5/6m ARM Payment Example: As an example, a 5/6m ARM with a term of 30 years for $250,000 at 5.375% interest and 6.023% APR will have a monthly payment of $1,380.51 for years 1-5. For years 6-30, payments may change once every 6 months based on any increase or decrease in the Secured Overnight Financing Rate (SOFR) index as outlined in your agreement. Taxes and insurance are not included; therefore, the actual payment obligation will be greater.