*Annual Percentage Rate (APR). All rates subject to change daily. Eligible properties include refinances of 1-4 family owner occupied detached dwellings and condominiums in FHLMC approved projects located in Connecticut and Rhode Island only. Not available for refinancing of existing Accelerator Mortgage loans. Minimum loan amount of $25,000 and a maximum loan amount of $3,000,000. Maximum loan-to-value cannot exceed 80% of the property value. An 8-year fixed rate $200,000 loan with an interest rate of 3.24% is repayable in 96 monthly payments of $2,367.78 (principal and interest only, taxes and insurance may increase actual payments). A 12-year fixed rate $200,000 loan with an interest rate of 3.49% is repayable in 144 monthly payments of $1,701.95 (principal and interest only, taxes and insurance may increase actual payments). **Some fees apply for loans greater than $250,000. Loans over $500,000 are subject to a 0.25% increase above the published rate. An origination fee of $475 is required at closing. Charter Oak Federal Credit Union requires escrows for property taxes and if applicable, flood insurance. Borrower is responsible for homeowners insurance and pre-paid interest.