Bank Of Hawaii Mortgage Rates, Fees & Info

Honolulu, HI

LEI: XJCRTTYJVBMA22IXL619

Tax ID: 99-0033900

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
  • Complaints
  • 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 small bank specializing in Refi and 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, Hilo, Kapaa, and Los Angeles among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Bank Of Hawaii 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. 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 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) 4.21% 12/3/24
    30 Year Conventional Purchase 6.21% 12/3/24
    30 Year Conventional Refi 6.18% 12/3/24
    30 Year Cash-out Refi 6.18% 12/3/24
    30 Year FHA Purchase 5.81% 12/3/24
    30 Year FHA Refi 6.27% 12/3/24
    30 Year VA Purchase 5.99% 12/3/24
    30 Year VA Refi 5.92% 12/3/24
    15 Year Conventional Purchase 5.86% 12/3/24
    15 Year Conventional Refi 5.69% 12/3/24
    15 Year Cash-out Refi 5.69% 12/3/24
    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.

    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

    5,017

    Origination Dollar Volume (All Markets)

    $2,333,135,000
    Show all (6) 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
    URBAN HONOLULU, HI (FHA|USDA|VA) 3,750 $1,666,670,000 $444,445 $15,063 3.21%
    KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 546 $322,470,000 $590,604 $14,326 3.31%
    Hilo, HI (FHA|USDA|VA) 506 $212,760,000 $420,474 $15,282 3.45%
    Kapaa, HI (FHA|USDA|VA) 213 $111,775,000 $524,765 $15,286 3.23%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $10,905,000 $10,905,000 $0 3.21%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $8,555,000 $8,555,000 $0 2.85%
    Bank Of Hawaii's top markets include Urban Honolulu, Kahului, Hilo, Kapaa, and Los Angeles among others.

    Their top states include:
  • Hawaii (FHA|USDA|VA)
  • California (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: 126
    PACIFIC HOME LOANS, INC.
    Similarity Rank: 152
    ALOHA PACIFIC
    Similarity Rank: 176
    Territorial Savings Bank
    Similarity Rank: 260
    COMPASS HOME LOANS, LLC
    Similarity Rank: 312
    HAWAIIUSA FEDERAL CREDIT UNION
    Similarity Rank: 380
    HAWAIIAN FINANCIAL
    Similarity Rank: 384
    HAWAII STATE FEDERAL CREDIT UNION
    Similarity Rank: 408
    American Savings Bank, FSB
    Similarity Rank: 540
    Central Pacific Bank
    Similarity Rank: 575

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 3,555 $1,057,095,000 $297,354 n/a 2.87%
    Conventional 1,428 $1,262,400,000 $884,034 $15,056 4.17%
    FHA 22 $6,420,000 $291,818 $13,745 3.73%
    VA 12 $7,220,000 $601,667 $14,577 3.68%

    For 2022, Bank Of Hawaii's most frequently originated type of loan was HELOC, with 3,555 originations. Their 2nd most popular type was Conventional, with 1,428 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,899 $866,645,000 $456,369 $11,881 2.89%
    Home Purchase 1,165 $936,505,000 $803,867 $15,771 4.29%
    Other 1,005 $253,275,000 $252,015 $14,506 2.91%
    Home Improvement 756 $149,180,000 $197,328 $10,602 2.90%
    Cash Out Refi 192 $127,530,000 $664,219 $14,537 3.54%

    For 2022, Bank Of Hawaii's most frequently cited loan purpose was Refi, with 1,899 originations. The 2nd most popular reason was Home Purchase, with 1,165 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 4,830 $1,922,250,000 $397,981 $15,515 3.25%
    15 Year 86 $42,390,000 $492,907 $10,249 2.88%
    10 Year 58 $173,900,000 $2,998,276 $9,806 3.15%
    20 Year 32 $14,470,000 $452,188 $9,610 3.30%
    Other 10 $178,150,000 $17,815,000 $6,328 4.38%
    1 Year 1 $1,975,000 $1,975,000 $0 4.75%

    For 2022, Bank Of Hawaii's most frequently cited loan duration was 30 Year, with 4,830 originations. The 2nd most popular length was 15 Year, with 86 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 821 $622,495,000 $758,216
    $4k-5k 72 $27,940,000 $388,056
    $3k-4k 64 $30,370,000 $474,531
    $<1k 50 $34,820,000 $696,400
    $2k-3k 48 $23,150,000 $482,292
    $1k-2k 40 $14,880,000 $372,000

    Bank Of Hawaii's average total fees were $15,515, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 821 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 1,583 $585,935,000 $370,142
    3-4% 1,465 $687,955,000 $469,594
    2.5-3% 906 $410,820,000 $453,444
    4-5% 629 $354,475,000 $563,553
    5-6% 318 $228,900,000 $719,811
    6-7% 89 $57,385,000 $644,775
    7-8% 25 $6,865,000 $274,600
    Over 8% 2 $800,000 $400,000

    During 2022, Bank Of Hawaii's average interest rate for loans was 3.25%, while their most frequently originated rate bucket for loans was <2.5%, with 1,583 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,466 $413,820,000 $282,278 $9,179 3.16%
    $400k-600k 1,044 $467,590,000 $447,883 $12,085 3.27%
    $100k-200k 908 $127,460,000 $140,374 $6,269 3.12%
    $600k-1MM 725 $567,605,000 $782,903 $17,700 3.56%
    $100,000 or less 548 $35,280,000 $64,380 $4,071 2.99%
    $1MM+ 326 $721,380,000 $2,212,822 $24,707 3.57%

    2022 saw Bank Of Hawaii place emphasis on $200k-400k loans with 1,466 originations, totaling $413,820,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 1,406 $561,540,000 $399,388 $15,724 3.28%
    $100k-150k 1,185 $387,775,000 $327,236 $12,354 3.10%
    $250k+ 1,122 $711,660,000 $634,278 $19,635 3.42%
    $75k-100k 567 $153,255,000 $270,291 $10,379 3.12%
    $50k-75k 396 $89,720,000 $226,566 $8,568 3.20%
    $50k or less 158 $23,240,000 $147,089 $6,450 3.08%

    Bank Of Hawaii lent most frequently to those with incomes in the $150k-250k range, with 1,406 originations. The second most popular income band? $100k-150k, with 1,185 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,036 $393,200,000 $379,537 $14,674 3.13%
    30-36% 765 $318,615,000 $416,490 $14,412 3.30%
    <20% 489 $181,235,000 $370,624 $15,573 2.94%
    50-60% 351 $110,895,000 $315,940 $22,578 3.05%
    44% 226 $108,450,000 $479,867 $15,545 3.83%
    38% 190 $86,600,000 $455,789 $16,800 3.35%
    43% 188 $85,260,000 $453,511 $14,735 3.58%
    40% 183 $88,105,000 $481,448 $14,374 3.44%
    39% 182 $75,930,000 $417,198 $14,802 3.47%
    41% 179 $76,485,000 $427,291 $14,487 3.53%
    49% 172 $65,210,000 $379,128 $16,045 2.97%
    37% 159 $64,355,000 $404,748 $14,685 3.31%
    42% 154 $64,420,000 $418,312 $12,864 3.41%
    36% 147 $67,185,000 $457,041 $20,585 3.53%
    48% 146 $49,070,000 $336,096 $12,440 3.12%
    45% 142 $54,300,000 $382,394 $13,877 2.97%
    47% 124 $46,670,000 $376,371 $13,922 3.03%
    46% 114 $41,560,000 $364,561 $13,728 3.15%
    >60% 4 $2,020,000 $505,000 $41,651 3.02%

    Bank Of Hawaii lent most frequently to those with DTI ratios of 20-30%, with 1,036 originations. The next most common DTI ratio? 30-36%, with 765 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 2,376 $887,000,000 $373,316 $14,116 3.17%
    White 1,230 $533,730,000 $433,927 $16,863 3.37%
    Not provided 920 $411,670,000 $447,467 $14,928 3.29%
    Not applicable 51 $331,065,000 $6,491,471 $0 3.43%
    Native Hawaiian or Islander 314 $113,470,000 $361,369 $13,065 3.00%
    Black 37 $14,195,000 $383,649 $15,268 3.55%
    American Indian 32 $11,990,000 $374,688 $13,875 3.56%
    Japanese 16 $8,620,000 $538,750 $13,932 3.73%
    Chinese 15 $6,465,000 $431,000 $7,573 3.68%
    Filipino 11 $6,235,000 $566,818 $14,752 3.64%
    Asian Indian 4 $3,410,000 $852,500 $12,157 4.38%
    Korean 2 $2,020,000 $1,010,000 $18,161 4.00%
    Native Hawaiian 5 $1,625,000 $325,000 $7,079 3.60%
    Other Asian 2 $1,190,000 $595,000 $28,278 3.75%
    Vietnamese 1 $345,000 $345,000 $11,968 3.75%
    Samoan 1 $105,000 $105,000 $0 3.99%

    Approval Rates

    Total approvals of all applications
    74.73%

    Bank Of Hawaii has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    84.55%

    Bank Of Hawaii has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 5,017 $2,333,135,000 $465,046

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    5,017 $2,333,135,000 $465,046

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,132 $378,340,000 $334,223 $11,969 3.05%
    40-60% 796 $455,560,000 $572,312 $14,512 3.25%
    60-80% 1,223 $858,315,000 $701,811 $16,505 3.60%
    80-100% 474 $280,140,000 $591,013 $13,868 3.42%
    Over 100% 6 $160,290,000 $26,715,000 $31,359 4.53%
    Under 20% 1,386 $200,490,000 $144,654 $8,807 3.01%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    BANK OF AMERICA, NATIONAL ASSOCIATION Home equity loan or line of credit (HELOC) Trouble during payment process 1 6.7%
    BANK OF AMERICA, NATIONAL ASSOCIATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 3 20.0%
    BANK OF AMERICA, NATIONAL ASSOCIATION Conventional home mortgage Closing on a mortgage 1 6.7%
    BANK OF AMERICA, NATIONAL ASSOCIATION Conventional home mortgage Struggling to pay mortgage 1 6.7%
    BANK OF AMERICA, NATIONAL ASSOCIATION Conventional home mortgage Trouble during payment process 7 46.7%
    BANK OF AMERICA, NATIONAL ASSOCIATION FHA mortgage Struggling to pay mortgage 1 6.7%
    BANK OF AMERICA, NATIONAL ASSOCIATION Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 6.7%