The Cape Cod Five Cents Savings Bank Mortgage Rates, Fees & Info

Hyannis, MA

LEI: 5493007XQ02VMXYJYJ21

Tax ID: 04-1149070

4.8 stars - Updated: 4/5/25 - out of 5 stars, based on 45 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • 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)

    • Review & Overview

    The Cape Cod Five Cents Savings Bank is a smaller bank specializing in Home Purchase loans. The Cape Cod Five Cents Savings Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Barnstable Town, Boston, Vineyard Haven, Providence, and Worcester among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Cape Cod Five Cents Savings Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. The Cape Cod Five Cents Savings Bank 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 relatively high 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
    Home Equity Line of Credit (HELOC) 6.72% 4/5/25
    30 Year Conventional Purchase 7.03% 4/5/25
    30 Year Conventional Refi 6.54% 4/5/25
    30 Year Cash-out Refi 7.22% 4/5/25
    30 Year FHA Purchase 6.37% 4/5/25
    30 Year FHA Refi 6.42% 4/5/25
    15 Year Conventional Purchase 6.34% 4/5/25
    15 Year Conventional Refi 5.68% 4/5/25
    15 Year Cash-out Refi 5.68% 4/5/25
    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.

    The Cape Cod Five Cents Savings Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from The Cape Cod Five Cents Savings Bank. 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

    2,014

    Origination Dollar Volume (All Markets)

    $744,480,000
    Show all (6) awards

    Relative Rate

    The Cape Cod Five Cents Savings Bank's average 30 year fixed mortgage rate was 7.79%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of 1.24%.

    Relative Fees (Closing Costs)

    The Cape Cod Five Cents Savings Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $4,825.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

    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
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 1,474 $489,160,000 $331,859 $4,205 7.84%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 310 $139,060,000 $448,581 $4,360 7.35%
    Outside of Metro Areas 134 $74,450,000 $555,597 $7,470 8.09%
    Vineyard Haven, MA (FHA|USDA|VA) 61 $27,915,000 $457,623 $5,913 8.14%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 18 $6,690,000 $371,667 $3,904 7.35%
    WORCESTER, MA-CT (FHA|USDA|VA) 10 $3,630,000 $363,000 $4,281 7.63%
    PITTSFIELD, MA (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $6,595 7.75%
    SPRINGFIELD, MA (FHA|USDA|VA) 4 $1,030,000 $257,500 $3,020 7.03%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $535,000 $535,000 $3,931 6.63%
    Concord, NH (FHA|USDA|VA) 1 $505,000 $505,000 $4,029 6.50%
    The Cape Cod Five Cents Savings Bank's top markets include Barnstable Town, Boston, Vineyard Haven, Providence, and Worcester among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against The Cape Cod Five Cents Savings Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    OCEAN STATE CREDIT UNION
    Similarity Rank: 63
    SOMERSET
    Similarity Rank: 72
    Piscataqua Savings Bank
    Similarity Rank: 100
    FALL RIVER MUNICIPAL CREDIT UNION
    Similarity Rank: 108
    Southern Mass Credit Union
    Similarity Rank: 112
    Centreville Bank
    Similarity Rank: 120
    The Washington Trust Company, of Westerly
    Similarity Rank: 240
    Sharon & Crescent United Credit Union
    Similarity Rank: 245
    CENTRAL ONE FEDERAL CREDIT UNION
    Similarity Rank: 299
    St. Mary's Credit Union
    Similarity Rank: 355

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,034 $562,240,000 $543,752 $4,313 7.08%
    HELOC 966 $174,560,000 $180,704 n/a 8.57%
    FHA 14 $7,680,000 $548,571 $12,985 5.41%

    For 2024, The Cape Cod Five Cents Savings Bank's most frequently originated type of loan was Conventional, with 1,034 originations. Their 2nd most popular type was HELOC, with 966 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 903 $491,265,000 $544,037 $4,845 7.19%
    Home Improvement 532 $100,100,000 $188,158 $2,397 8.49%
    Cash Out Refi 339 $95,815,000 $282,640 $4,150 8.20%
    Other 173 $26,955,000 $155,809 $1,949 8.46%
    Refi 67 $30,345,000 $452,910 $3,834 6.31%

    For 2024, The Cape Cod Five Cents Savings Bank's most frequently cited loan purpose was Home Purchase, with 903 originations. The 2nd most popular reason was Home Improvement, with 532 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,861 $693,245,000 $372,512 $4,825 7.79%
    10 Year 74 $8,060,000 $108,919 $545 8.50%
    20 Year 45 $29,145,000 $647,667 $3,983 6.73%
    15 Year 25 $5,635,000 $225,400 $2,732 6.94%
    Other 6 $4,870,000 $811,667 $6,065 8.54%
    1 Year 1 $2,705,000 $2,705,000 $0 6.71%
    3 Year 1 $145,000 $145,000 $0 6.95%
    5 Year 1 $675,000 $675,000 $0 7.57%

    For 2024, The Cape Cod Five Cents Savings Bank's most frequently cited loan duration was 30 Year, with 1,861 originations. The 2nd most popular length was 10 Year, with 74 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 772 $414,760,000 $537,254
    $1k-2k 115 $52,305,000 $454,826
    $2k-3k 33 $16,125,000 $488,636
    $5k+ 28 $22,090,000 $788,929
    $3k-4k 21 $12,215,000 $581,667
    $4k-5k 12 $10,380,000 $865,000

    The Cape Cod Five Cents Savings Bank's average total fees were $4,825, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 772 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 916 $162,130,000 $176,998
    7-8% 600 $341,310,000 $568,850
    6-7% 389 $196,245,000 $504,486
    5-6% 104 $42,330,000 $407,019
    4-5% 5 $2,465,000 $493,000

    During 2024, The Cape Cod Five Cents Savings Bank's average interest rate for loans was 7.79%, while their most frequently originated rate bucket for loans was Over 8%, with 916 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 503 $145,075,000 $288,419 $3,615 7.64%
    $400k-600k 452 $210,210,000 $465,066 $4,459 7.37%
    $100,000 or less 378 $20,940,000 $55,397 $756 8.54%
    $100k-200k 346 $46,790,000 $135,231 $2,633 8.28%
    $600k-1MM 228 $164,270,000 $720,482 $5,589 7.07%
    $1MM+ 107 $157,195,000 $1,469,112 $7,555 7.42%

    2024 saw The Cape Cod Five Cents Savings Bank place emphasis on $200k-400k loans with 503 originations, totaling $145,075,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 531 $305,145,000 $574,661 $5,343 7.71%
    $150k-250k 489 $174,005,000 $355,838 $4,301 7.73%
    $100k-150k 423 $119,435,000 $282,352 $4,208 7.73%
    $75k-100k 243 $52,445,000 $215,823 $3,573 7.90%
    $50k-75k 157 $28,895,000 $184,045 $3,011 7.83%
    $50k or less 119 $31,475,000 $264,496 $4,532 8.23%

    The Cape Cod Five Cents Savings Bank lent most frequently to those with incomes in the $250k+ range, with 531 originations. The second most popular income band? $150k-250k, with 489 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 327 $107,905,000 $329,985 $4,772 8.27%
    20-30% 314 $116,980,000 $372,548 $4,242 7.72%
    30-36% 289 $118,575,000 $410,294 $4,748 7.58%
    <20% 141 $52,405,000 $371,667 $4,305 7.50%
    49% 96 $18,910,000 $196,979 $3,133 8.23%
    48% 78 $18,320,000 $234,872 $3,849 8.17%
    42% 74 $25,640,000 $346,486 $4,037 7.63%
    39% 73 $29,945,000 $410,205 $4,228 7.53%
    43% 72 $32,330,000 $449,028 $4,505 7.52%
    41% 67 $26,465,000 $395,000 $4,723 7.69%
    38% 62 $24,830,000 $400,484 $5,105 7.86%
    46% 61 $20,525,000 $336,475 $4,508 7.71%
    44% 61 $26,435,000 $433,361 $4,475 7.76%
    47% 61 $19,345,000 $317,131 $4,731 7.74%
    36% 60 $21,440,000 $357,333 $3,762 7.51%
    40% 50 $20,970,000 $419,400 $3,978 7.72%
    37% 50 $18,450,000 $369,000 $4,764 7.52%
    45% 49 $17,425,000 $355,612 $4,858 7.47%

    The Cape Cod Five Cents Savings Bank lent most frequently to those with DTI ratios of 50-60%, with 327 originations. The next most common DTI ratio? 20-30%, with 314 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,629 $556,405,000 $341,562 $4,384 7.86%
    Not provided 277 $130,705,000 $471,859 $4,482 7.37%
    Not applicable 27 $27,065,000 $1,002,407 $0 7.56%
    Black 34 $12,750,000 $375,000 $6,092 7.78%
    Asian 18 $7,350,000 $408,333 $4,671 7.37%
    American Indian 12 $2,850,000 $237,500 $3,563 7.98%
    Asian Indian 5 $1,795,000 $359,000 $3,053 7.33%
    Chinese 3 $1,455,000 $485,000 $4,594 7.13%
    Other Asian 3 $1,345,000 $448,333 $4,516 8.00%
    Other Pacific Islander 2 $1,320,000 $660,000 $10,098 6.00%
    Vietnamese 2 $1,090,000 $545,000 $3,826 7.31%
    Japanese 1 $325,000 $325,000 $3,510 6.88%
    Korean 1 $25,000 $25,000 $387 8.75%

    Approval Rates

    Total approvals of all applications
    89.81%

    The Cape Cod Five Cents Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.60%

    The Cape Cod Five Cents Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,014 $744,480,000 $369,652

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,014 $744,480,000 $369,652

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 387 $112,775,000 $291,408 $4,311 8.05%
    40-60% 266 $133,790,000 $502,970 $4,532 7.35%
    60-80% 350 $223,990,000 $639,971 $4,869 7.12%
    80-100% 300 $183,910,000 $613,033 $5,031 6.93%
    Under 20% 711 $90,015,000 $126,603 $1,433 8.48%