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

Hyannis, MA

LEI: 5493007XQ02VMXYJYJ21

Tax ID: 04-1149070

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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 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.

    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% 4/28/24
    30 Year Conventional Purchase 5.66% 4/28/24
    30 Year Conventional Refi 5.87% 4/28/24
    30 Year Cash-out Refi 5.72% 4/28/24
    15 Year Conventional Purchase 5.49% 4/28/24
    15 Year Conventional Refi 5.67% 4/28/24
    15 Year Cash-out Refi 5.67% 4/28/24
    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

    3,565

    Origination Dollar Volume (All Markets)

    $1,503,645,000
    Show all (7) awards

    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) 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%
    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)

    • 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.

    Homestar Mortgage, Inc.
    Similarity Rank: 8
    Rhode Island Credit Union
    Similarity Rank: 15
    SOMERSET
    Similarity Rank: 21
    Charter Oak Federal Credit Union
    Similarity Rank: 42
    QUINCY CREDIT UNION
    Similarity Rank: 50
    HOMEFIELD
    Similarity Rank: 72
    Direct Federal Credit Union
    Similarity Rank: 115
    FALL RIVER MUNICIPAL CREDIT UNION
    Similarity Rank: 129
    IC Federal Credit Union
    Similarity Rank: 144
    Piscataqua Savings Bank
    Similarity Rank: 200

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,634 $1,374,950,000 $522,001 $3,413 3.99%
    HELOC 931 $128,695,000 $138,233 n/a 5.31%

    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.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,547 $936,455,000 $605,336 $4,167 4.23%
    Home Improvement 787 $106,075,000 $134,784 $949 4.97%
    Cash Out Refi 771 $318,725,000 $413,392 $3,147 4.04%
    Refi 240 $99,160,000 $413,167 $2,969 3.45%
    Other 220 $43,230,000 $196,500 $2,013 4.73%

    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.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,962 $1,367,160,000 $461,567 $3,963 4.43%
    10 Year 254 $25,700,000 $101,181 $504 4.16%
    15 Year 225 $57,125,000 $253,889 $2,057 3.51%
    20 Year 105 $45,505,000 $433,381 $3,087 3.81%
    Other 12 $6,040,000 $503,333 $3,135 3.53%
    5 Year 5 $1,105,000 $221,000 $0 5.23%
    30+ year 2 $1,010,000 $505,000 $4,001 6.13%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 2,307 $1,196,415,000 $518,602
    $1k-2k 93 $44,885,000 $482,634
    $2k-3k 27 $17,265,000 $639,444
    $3k-4k 16 $15,110,000 $944,375
    $5k+ 6 $8,820,000 $1,470,000
    $4k-5k 4 $2,180,000 $545,000

    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.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,664 $716,130,000 $430,367
    4-5% 658 $321,720,000 $488,936
    5-6% 541 $172,095,000 $318,105
    2.5-3% 307 $216,475,000 $705,130
    6-7% 184 $36,640,000 $199,130
    7-8% 174 $27,060,000 $155,517
    <2.5% 37 $13,525,000 $365,541

    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.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 999 $285,695,000 $285,981 $3,034 4.28%
    $100,000 or less 637 $32,125,000 $50,432 $493 4.85%
    $400k-600k 625 $300,855,000 $481,368 $3,622 4.23%
    $100k-200k 499 $67,925,000 $136,122 $1,994 4.83%
    $600k-1MM 497 $371,325,000 $747,133 $4,129 3.81%
    $1MM+ 308 $445,720,000 $1,447,143 $6,426 3.71%

    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.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 844 $610,780,000 $723,673 $4,541 4.22%
    $150k-250k 820 $337,810,000 $411,963 $3,411 4.36%
    $100k-150k 677 $209,195,000 $309,003 $2,973 4.34%
    $75k-100k 442 $124,210,000 $281,018 $2,769 4.37%
    $50k-75k 363 $77,805,000 $214,339 $2,599 4.42%
    $50k or less 346 $112,840,000 $326,127 $3,003 4.32%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 784 $320,680,000 $409,031 $3,358 4.18%
    30-36% 570 $235,940,000 $413,930 $3,364 4.31%
    <20% 400 $177,260,000 $443,150 $3,180 4.18%
    50-60% 386 $185,860,000 $481,503 $3,996 4.55%
    41% 121 $50,065,000 $413,760 $3,475 4.43%
    36% 110 $36,240,000 $329,455 $3,089 4.16%
    40% 110 $43,690,000 $397,182 $3,205 4.40%
    42% 109 $50,665,000 $464,817 $3,510 4.49%
    49% 108 $35,640,000 $330,000 $3,316 4.65%
    37% 103 $46,715,000 $453,544 $3,439 4.19%
    39% 103 $36,505,000 $354,417 $3,299 4.59%
    38% 96 $41,810,000 $435,521 $3,390 4.18%
    43% 92 $47,470,000 $515,978 $3,924 4.27%
    44% 90 $42,110,000 $467,889 $3,537 4.34%
    45% 88 $40,890,000 $464,659 $3,667 4.19%
    46% 88 $32,720,000 $371,818 $3,240 4.61%
    47% 87 $26,595,000 $305,690 $2,784 4.67%
    48% 85 $31,965,000 $376,059 $3,172 4.41%

    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.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,706 $1,062,700,000 $392,720 $3,306 4.39%
    Not provided 705 $352,565,000 $500,092 $3,664 4.09%
    Black 56 $33,300,000 $594,643 $4,325 4.39%
    Not applicable 32 $18,650,000 $582,813 $0 4.89%
    Asian 32 $15,700,000 $490,625 $3,626 4.22%
    American Indian 17 $10,715,000 $630,294 $4,185 4.08%
    Asian Indian 4 $4,420,000 $1,105,000 $4,683 4.65%
    Chinese 3 $2,405,000 $801,667 $3,497 4.25%
    Korean 1 $1,065,000 $1,065,000 $4,761 3.63%
    Other Pacific Islander 4 $1,060,000 $265,000 $3,706 5.00%
    Other Asian 1 $645,000 $645,000 $3,264 2.88%
    Native Hawaiian or Islander 1 $175,000 $175,000 $212 4.00%
    Filipino 2 $150,000 $75,000 $674 3.63%
    Vietnamese 1 $95,000 $95,000 $0 5.25%

    Approval Rates

    Total approvals of all applications
    92.29%

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

    Pick Rate

    Approvals leading to origination
    86.70%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,565 $1,503,645,000 $421,780

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,565 $1,503,645,000 $421,780

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 579 $187,435,000 $323,722 $3,066 4.33%
    40-60% 541 $280,075,000 $517,699 $3,625 3.94%
    60-80% 811 $548,615,000 $676,467 $4,244 4.07%
    80-100% 628 $385,960,000 $614,586 $3,940 4.12%
    Under 20% 1,000 $98,320,000 $98,320 $945 4.89%