The Cape Cod Five Cents Savings Bank Mortgage Rates, Fees & InfoHyannis, MA
Tax ID: 04-1149070
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewThe Cape Cod Five Cents Savings Bank is a small bank specializing in Home Purchase and Cash Out Refi loans. The Cape Cod Five Cents Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Barnstable Town, Boston, Vineyard Haven, Providence, and Worcester among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)
The Cape Cod Five Cents Savings Bank has an above 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 about average 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.
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|Simulated Rate||Simulation Date|
|Home Equity Line of Credit (HELOC)||6.50%||9/25/23|
|30 Year Conventional Purchase||5.66%||9/25/23|
|30 Year Conventional Refi||5.87%||9/25/23|
|30 Year Cash-out Refi||5.72%||9/25/23|
|15 Year Conventional Purchase||5.49%||9/25/23|
|15 Year Conventional Refi||5.67%||9/25/23|
|15 Year Cash-out Refi||5.67%||9/25/23|
|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
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This is not an official calculator from The Cape Cod Five Cents Savings Bank. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Origination Dollar Volume (All Markets)$1,503,645,000
The Cape Cod Five Cents Savings Bank - 2022
The Cape Cod Five Cents Savings Bank is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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The Cape Cod Five Cents Savings Bank's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.33%.
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 $3,963.
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 $4,750.
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)||2,626||$955,550,000||$363,880||$3,101||4.38%|
|Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA)||468||$224,180,000||$479,017||$3,513||4.28%|
|Outside of Metro Areas||215||$169,205,000||$787,000||$5,871||4.02%|
|Vineyard Haven, MA (FHA|USDA|VA)||185||$133,845,000||$723,486||$4,657||4.06%|
|PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA)||47||$12,225,000||$260,106||$2,658||4.58%|
|WORCESTER, MA-CT (FHA|USDA|VA)||19||$7,085,000||$372,895||$3,349||4.58%|
|SPRINGFIELD, MA (FHA|USDA|VA)||4||$1,120,000||$280,000||$3,234||5.56%|
|PITTSFIELD, MA (FHA|USDA|VA)||1||$435,000||$435,000||$4,009||4.25%|
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.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, The Cape Cod Five Cents Savings Bank's most frequently originated type of loan was Conventional, with 2,634 originations. Their 2nd most popular type was HELOC, with 931 originations.
For 2022, The Cape Cod Five Cents Savings Bank's most frequently cited loan purpose was Home Purchase, with 1,547 originations. The 2nd most popular reason was Home Improvement, with 787 originations.
For 2022, The Cape Cod Five Cents Savings Bank's most frequently cited loan duration was 30 Year, with 2,962 originations. The 2nd most popular length was 10 Year, with 254 originations.
Origination Fees/Closing Costs
The Cape Cod Five Cents Savings Bank's average total fees were $3,963, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,307 originations.
During 2022, The Cape Cod Five Cents Savings Bank's average interest rate for loans was 4.43%, while their most frequently originated rate bucket for loans was 3-4%, with 1,664 originations.
2022 saw The Cape Cod Five Cents Savings Bank place emphasis on $200k-400k loans with 999 originations, totaling $285,695,000 in origination value.
The Cape Cod Five Cents Savings Bank lent most frequently to those with incomes in the $250k+ range, with 844 originations. The second most popular income band? $150k-250k, with 820 originations.
Applicant Debt to Income Ratio
The Cape Cod Five Cents Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 784 originations. The next most common DTI ratio? 30-36%, with 570 originations.
Approval RatesTotal approvals of all applications
The Cape Cod Five Cents Savings Bank has an average approval rate.
Pick RateApprovals leading to origination
The Cape Cod Five Cents Savings Bank has an average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|
Occupancy Type Mix
|Dwelling Type||Originations||Total Value||Average Loan|