Bank Of Hawaii Mortgage Rates, Fees & Info

Honolulu, HI

LEI: XJCRTTYJVBMA22IXL619

Tax ID: 99-0033900

1 stars - Updated: 4/5/25 - out of 5 stars, based on 35 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

    Bank Of Hawaii is a smaller bank specializing in Home Purchase loans. Bank Of Hawaii 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: Urban Honolulu, Kahului, Kapaa, and Hilo among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Bank Of Hawaii has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Bank Of Hawaii is typically a high 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) 6.18% 4/5/25
    30 Year Conventional Purchase 6.86% 4/5/25
    30 Year Conventional Refi 6.76% 4/5/25
    30 Year Cash-out Refi 6.83% 4/5/25
    30 Year FHA Purchase 6.16% 4/5/25
    30 Year VA Purchase 6.24% 4/5/25
    30 Year VA Refi 6.72% 4/5/25
    15 Year Conventional Purchase 6.66% 4/5/25
    15 Year Conventional Refi 6.22% 4/5/25
    15 Year Cash-out Refi 6.22% 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.

    Bank Of Hawaii Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Bank Of Hawaii. 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

    1,212

    Origination Dollar Volume (All Markets)

    $649,080,000

    Awards

    Bank of Hawaii 30 Year Conventional Loans bronze Bank of Hawaii 30 Year Conventional Loans gold
    Show all (2) awards

    Relative Rate

    Bank Of Hawaii's average 30 year fixed mortgage rate was 7.08%.

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

    This yields a difference of 0.53%.

    Relative Fees (Closing Costs)

    Bank Of Hawaii's average total fees/closing costs for a 30 year fixed rate mortgage were $14,544.

    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
    URBAN HONOLULU, HI (FHA|USDA|VA) 836 $415,100,000 $496,531 $14,502 6.98%
    KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 152 $97,160,000 $639,211 $10,662 7.20%
    Kapaa, HI (FHA|USDA|VA) 67 $66,935,000 $999,030 $18,307 7.21%
    Hilo, HI (FHA|USDA|VA) 156 $42,380,000 $271,667 $12,466 7.18%
    Outside of Metro Areas 1 $27,505,000 $27,505,000 $0 6.29%
    Bank Of Hawaii's top markets include Urban Honolulu, Kahului, Kapaa, and Hilo among others.

    Their top states include:
  • Hawaii (FHA|USDA|VA)

    • Similar Lenders

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

    University of Hawaii Federal Credit Union
    Similarity Rank: 78
    HAWAIIAN FINANCIAL
    Similarity Rank: 140
    Territorial Savings Bank
    Similarity Rank: 156
    HAWAII STATE FEDERAL CREDIT UNION
    Similarity Rank: 172
    PACIFIC HOME LOANS, INC.
    Similarity Rank: 180
    HAWAIIUSA FEDERAL CREDIT UNION
    Similarity Rank: 188
    Central Pacific Bank
    Similarity Rank: 320
    American Savings Bank, FSB
    Similarity Rank: 400
    First Hawaiian Bank
    Similarity Rank: 508
    Bank of Hawaii
    Similarity Rank: 525

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 707 $152,685,000 $215,962 n/a 7.37%
    Conventional 490 $489,580,000 $999,143 $14,117 6.62%
    VA 8 $4,550,000 $568,750 $13,964 6.06%
    FHA 7 $2,265,000 $323,571 $14,838 5.88%

    For 2024, Bank Of Hawaii's most frequently originated type of loan was HELOC, with 707 originations. Their 2nd most popular type was Conventional, with 490 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 412 $432,180,000 $1,048,981 $14,822 6.63%
    Other 289 $63,595,000 $220,052 $10,906 7.30%
    Refi 269 $89,055,000 $331,059 $11,425 7.38%
    Home Improvement 191 $39,875,000 $208,770 $11,193 7.21%
    Cash Out Refi 51 $24,375,000 $477,941 $12,282 6.60%

    For 2024, Bank Of Hawaii's most frequently cited loan purpose was Home Purchase, with 412 originations. The 2nd most popular reason was Other, with 289 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,151 $449,525,000 $390,552 $14,544 7.08%
    15 Year 21 $10,455,000 $497,857 $10,062 6.50%
    20 Year 16 $10,530,000 $658,125 $10,204 6.27%
    10 Year 11 $18,215,000 $1,655,909 $5,861 6.34%
    Other 11 $155,075,000 $14,097,727 $4,917 6.39%
    5 Year 2 $5,280,000 $2,640,000 $0 6.23%

    For 2024, Bank Of Hawaii's most frequently cited loan duration was 30 Year, with 1,151 originations. The 2nd most popular length was 15 Year, with 21 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 254 $182,830,000 $719,803
    $1k-2k 32 $16,530,000 $516,563
    $2k-3k 32 $14,430,000 $450,938
    $3k-4k 32 $13,820,000 $431,875
    $<1k 23 $27,065,000 $1,176,739
    $4k-5k 23 $11,485,000 $499,348

    Bank Of Hawaii's average total fees were $14,544, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 254 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 508 $340,220,000 $669,724
    7-8% 444 $167,040,000 $376,216
    5-6% 169 $118,485,000 $701,095
    Over 8% 90 $22,020,000 $244,667
    3-4% 1 $1,315,000 $1,315,000

    During 2024, Bank Of Hawaii's average interest rate for loans was 7.08%, while their most frequently originated rate bucket for loans was 6-7%, with 508 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 347 $98,175,000 $282,925 $9,384 7.15%
    $100k-200k 240 $33,350,000 $138,958 $6,843 7.22%
    $400k-600k 194 $88,260,000 $454,948 $12,840 6.94%
    $100,000 or less 178 $11,270,000 $63,315 $4,531 7.43%
    $600k-1MM 141 $109,615,000 $777,411 $17,940 6.56%
    $1MM+ 112 $308,410,000 $2,753,661 $20,028 6.54%

    2024 saw Bank Of Hawaii place emphasis on $200k-400k loans with 347 originations, totaling $98,175,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 324 $225,400,000 $695,679 $18,280 6.95%
    $150k-250k 299 $114,955,000 $384,465 $16,056 7.13%
    $100k-150k 290 $73,120,000 $252,138 $11,528 7.10%
    $75k-100k 132 $24,750,000 $187,500 $8,587 7.15%
    $50k-75k 75 $12,115,000 $161,533 $8,250 7.06%
    $50k or less 33 $3,085,000 $93,485 $5,790 7.01%

    Bank Of Hawaii lent most frequently to those with incomes in the $250k+ range, with 324 originations. The second most popular income band? $150k-250k, with 299 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 202 $80,370,000 $397,871 $13,490 6.93%
    20-30% 195 $74,765,000 $383,410 $13,150 7.16%
    50-60% 118 $25,630,000 $217,203 $12,114 7.32%
    <20% 68 $24,860,000 $365,588 $15,980 7.08%
    44% 65 $30,195,000 $464,538 $17,902 6.98%
    49% 56 $18,560,000 $331,429 $14,761 7.25%
    39% 54 $23,100,000 $427,778 $13,693 6.93%
    43% 54 $24,740,000 $458,148 $14,523 6.85%
    42% 53 $24,515,000 $462,547 $12,559 7.06%
    41% 50 $20,160,000 $403,200 $13,625 7.03%
    38% 43 $20,425,000 $475,000 $13,537 6.79%
    40% 39 $17,415,000 $446,538 $14,398 6.96%
    36% 37 $14,195,000 $383,649 $12,145 7.05%
    47% 36 $16,120,000 $447,778 $13,924 6.98%
    37% 34 $20,460,000 $601,765 $15,603 6.89%
    46% 31 $11,035,000 $355,968 $15,912 7.16%
    45% 29 $11,435,000 $394,310 $13,810 7.03%
    48% 25 $11,605,000 $464,200 $21,335 7.35%
    >60% 2 $330,000 $165,000 $4,364 6.81%

    Bank Of Hawaii lent most frequently to those with DTI ratios of 30-36%, with 202 originations. The next most common DTI ratio? 20-30%, with 195 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 497 $181,065,000 $364,316 $13,938 7.07%
    Not applicable 19 $176,455,000 $9,287,105 $0 6.47%
    Not provided 227 $117,985,000 $519,758 $14,079 6.93%
    White 299 $117,695,000 $393,629 $13,275 7.09%
    Native Hawaiian or Islander 80 $24,480,000 $306,000 $14,401 7.08%
    Filipino 24 $7,110,000 $296,250 $22,825 7.31%
    Japanese 16 $6,200,000 $387,500 $15,897 6.98%
    Asian Indian 7 $5,685,000 $812,143 $20,220 7.01%
    Chinese 12 $5,030,000 $419,167 $28,257 7.17%
    American Indian 13 $2,725,000 $209,615 $9,303 7.16%
    Black 10 $1,920,000 $192,000 $12,555 6.68%
    Korean 2 $1,160,000 $580,000 $8,130 6.94%
    Other Asian 3 $955,000 $318,333 $19,009 7.99%
    Native Hawaiian 3 $615,000 $205,000 $0 7.58%

    Approval Rates

    Total approvals of all applications
    63.39%

    Bank Of Hawaii has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    71.37%

    Bank Of Hawaii has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,212 $649,080,000 $535,545

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,212 $649,080,000 $535,545

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 301 $92,705,000 $307,990 $10,638 7.17%
    40-60% 172 $136,070,000 $791,105 $13,185 6.84%
    60-80% 238 $171,770,000 $721,723 $15,153 6.72%
    80-100% 97 $70,355,000 $725,309 $16,414 6.55%
    Over 100% 7 $121,225,000 $17,317,857 $19,007 6.50%
    Under 20% 397 $56,955,000 $143,463 $6,794 7.36%