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

Hyannis, MA

LEI: 5493007XQ02VMXYJYJ21

Tax ID: 04-1149070

5 stars - Updated: 11/17/24 - out of 5 stars, based on 48 reviews

Latest/2023 | 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. 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 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) 6.50% 11/17/24
    30 Year Conventional Purchase 5.66% 11/17/24
    30 Year Conventional Refi 5.87% 11/17/24
    30 Year Cash-out Refi 5.72% 11/17/24
    15 Year Conventional Purchase 5.49% 11/17/24
    15 Year Conventional Refi 5.67% 11/17/24
    15 Year Cash-out Refi 5.67% 11/17/24
    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

    2,264

    Origination Dollar Volume (All Markets)

    $810,480,000
    Show all (5) awards

    Relative Rate

    The Cape Cod Five Cents Savings Bank's average 30 year fixed mortgage rate was 7.4%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of 0.92%.

    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 $4,383.

    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 $9,089.

    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) 1,697 $560,455,000 $330,262 $3,741 7.49%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 350 $133,350,000 $381,000 $4,184 6.99%
    Vineyard Haven, MA (FHA|USDA|VA) 85 $52,545,000 $618,176 $5,920 7.32%
    Outside of Metro Areas 91 $50,265,000 $552,363 $6,654 7.73%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 25 $6,755,000 $270,200 $3,568 7.10%
    WORCESTER, MA-CT (FHA|USDA|VA) 13 $6,105,000 $469,615 $4,654 7.12%
    SPRINGFIELD, MA (FHA|USDA|VA) 2 $780,000 $390,000 $3,611 7.81%
    PITTSFIELD, MA (FHA|USDA|VA) 1 $225,000 $225,000 $4,572 6.75%
    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)
  • Rhode Island (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.

    RTN FEDERAL CREDIT UNION
    Similarity Rank: 40
    OCEAN STATE CREDIT UNION
    Similarity Rank: 45
    SOMERSET
    Similarity Rank: 48
    Charter Oak Federal Credit Union
    Similarity Rank: 56
    HOMEFIELD
    Similarity Rank: 75
    FALL RIVER MUNICIPAL CREDIT UNION
    Similarity Rank: 135
    GREYLOCK
    Similarity Rank: 160
    Country Bank for Savings
    Similarity Rank: 165
    Piscataqua Savings Bank
    Similarity Rank: 177
    Sharon & Crescent United Credit Union
    Similarity Rank: 180

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,304 $649,250,000 $497,891 $4,001 6.64%
    HELOC 960 $161,230,000 $167,948 n/a 8.45%

    For 2023, The Cape Cod Five Cents Savings Bank's most frequently originated type of loan was Conventional, with 1,304 originations. Their 2nd most popular type was HELOC, with 960 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,111 $573,605,000 $516,296 $4,398 6.66%
    Home Improvement 601 $102,235,000 $170,108 $2,147 8.28%
    Cash Out Refi 323 $78,255,000 $242,276 $3,002 8.09%
    Other 179 $36,955,000 $206,453 $2,113 8.21%
    Refi 50 $19,430,000 $388,600 $3,642 6.38%

    For 2023, The Cape Cod Five Cents Savings Bank's most frequently cited loan purpose was Home Purchase, with 1,111 originations. The 2nd most popular reason was Home Improvement, with 601 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,088 $777,910,000 $372,562 $4,383 7.40%
    10 Year 94 $8,930,000 $95,000 $544 8.16%
    15 Year 48 $9,340,000 $194,583 $2,077 6.65%
    20 Year 29 $13,175,000 $454,310 $3,885 6.73%
    5 Year 4 $950,000 $237,500 $0 6.82%
    30+ year 1 $175,000 $175,000 $3,063 6.75%

    For 2023, The Cape Cod Five Cents Savings Bank's most frequently cited loan duration was 30 Year, with 2,088 originations. The 2nd most popular length was 10 Year, with 94 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,026 $512,530,000 $499,542
    $1k-2k 111 $52,135,000 $469,685
    $2k-3k 30 $14,960,000 $498,667
    $3k-4k 19 $9,225,000 $485,526
    $5k+ 14 $9,780,000 $698,571
    $4k-5k 13 $7,335,000 $564,231

    The Cape Cod Five Cents Savings Bank's average total fees were $4,383, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,026 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 845 $142,605,000 $168,763
    6-7% 555 $277,695,000 $500,351
    7-8% 506 $188,940,000 $373,399
    5-6% 333 $187,915,000 $564,309
    4-5% 13 $11,385,000 $875,769
    <2.5% 6 $110,000 $18,333
    3-4% 3 $1,345,000 $448,333

    During 2023, The Cape Cod Five Cents Savings Bank's average interest rate for loans was 7.40%, while their most frequently originated rate bucket for loans was Over 8%, with 845 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 584 $169,290,000 $289,880 $3,448 7.29%
    $400k-600k 486 $228,270,000 $469,691 $4,240 7.00%
    $100,000 or less 439 $23,225,000 $52,904 $676 8.23%
    $100k-200k 388 $52,300,000 $134,794 $2,874 8.04%
    $600k-1MM 267 $197,155,000 $738,408 $4,994 6.49%
    $1MM+ 100 $140,240,000 $1,402,400 $7,069 6.45%

    2023 saw The Cape Cod Five Cents Savings Bank place emphasis on $200k-400k loans with 584 originations, totaling $169,290,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 561 $317,935,000 $566,729 $5,001 7.29%
    $150k-250k 552 $199,370,000 $361,178 $4,161 7.37%
    $100k-150k 464 $124,350,000 $267,996 $3,600 7.47%
    $75k-100k 301 $65,715,000 $218,322 $3,148 7.50%
    $50k-75k 191 $36,005,000 $188,508 $2,947 7.50%
    $50k or less 165 $55,815,000 $338,273 $3,679 7.55%

    The Cape Cod Five Cents Savings Bank lent most frequently to those with incomes in the $250k+ range, with 561 originations. The second most popular income band? $150k-250k, with 552 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 404 $140,060,000 $346,683 $3,951 7.68%
    20-30% 385 $137,005,000 $355,857 $3,840 7.22%
    30-36% 341 $120,905,000 $354,560 $3,968 7.43%
    <20% 173 $56,985,000 $329,393 $3,822 7.35%
    49% 86 $25,780,000 $299,767 $3,836 7.49%
    40% 78 $29,380,000 $376,667 $4,039 7.50%
    45% 78 $31,260,000 $400,769 $4,094 7.45%
    48% 74 $21,150,000 $285,811 $3,955 7.62%
    43% 74 $31,050,000 $419,595 $4,425 7.31%
    44% 72 $31,320,000 $435,000 $4,733 7.22%
    38% 66 $23,650,000 $358,333 $3,991 7.35%
    41% 62 $22,510,000 $363,065 $3,978 7.23%
    46% 62 $23,040,000 $371,613 $3,943 7.33%
    42% 61 $24,835,000 $407,131 $4,283 7.11%
    39% 60 $22,630,000 $377,167 $4,187 7.34%
    47% 59 $19,685,000 $333,644 $3,515 7.54%
    36% 56 $19,740,000 $352,500 $4,289 7.41%
    37% 55 $21,345,000 $388,091 $4,453 7.35%

    The Cape Cod Five Cents Savings Bank lent most frequently to those with DTI ratios of 50-60%, with 404 originations. The next most common DTI ratio? 20-30%, with 385 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,762 $576,900,000 $327,412 $3,858 7.51%
    Not provided 384 $179,610,000 $467,734 $4,350 7.03%
    Black 53 $26,865,000 $506,887 $4,930 7.12%
    Not applicable 17 $7,695,000 $452,647 $0 6.88%
    Asian 16 $5,790,000 $361,875 $3,996 6.88%
    American Indian 15 $4,255,000 $283,667 $3,840 7.69%
    Chinese 4 $3,620,000 $905,000 $5,679 6.19%
    Other Pacific Islander 2 $1,860,000 $930,000 $0 7.63%
    Other Asian 3 $1,445,000 $481,667 $3,549 6.75%
    Asian Indian 6 $1,400,000 $233,333 $1,958 8.21%
    Korean 1 $715,000 $715,000 $0 5.88%
    Filipino 1 $325,000 $325,000 $3,049 7.63%

    Approval Rates

    Total approvals of all applications
    91.10%

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

    Pick Rate

    Approvals leading to origination
    83.30%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,264 $810,480,000 $357,986

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,264 $810,480,000 $357,986

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 399 $107,725,000 $269,987 $3,684 7.85%
    40-60% 254 $112,640,000 $443,465 $4,231 7.14%
    60-80% 463 $275,615,000 $595,281 $4,556 6.63%
    80-100% 410 $230,840,000 $563,024 $4,408 6.52%
    Under 20% 736 $82,050,000 $111,481 $1,343 8.25%