Refinance
Our smarter refinance options will make you smile.
Find the option that’s right for you
New HELOC fixed-rate loan options
Pay off your existing first mortgage with a Bankoh Home Equity Line up to $400,000 and enjoy rates close to or lower than conventional mortgage rates—with virtually no closing costs†.
† Available for a qualifying Bankoh Home EquityLine secured by first lien on property located in the State of Hawaii only. Condotels not eligible. Escrow services may be required if your request will pay off an existing mortgage. Escrow costs greater than $175 may be part of your closing costs. In some cases, the title company may determine an ALTA policy is required, resulting in a cost ranging from $350 to $2,050. Please consult your tax advisor regarding deductibility of interest charges on a new Bankoh Home EquityLine.
Reasons to consider refinancing
The mortgage refinancing process involves paying off an existing loan and replacing it with a new one. From making home improvements to saving money each month, refinancing can help you achieve your goals.
Lock in a lower rate.
Refinancing your mortgage to a lower rate could decrease your monthly payment and help you save over the life of your loan.
Pay for important life expenses.
Consider a cash-out refinance to consolidate high interest debt, put aside cash for a rainy day, or finance your home renovation.
Adjust the terms of your loan.
Lower your monthly payments or pay off your mortgage faster by choosing a shorter versus longer term or fixed versus adjustable rate.
Fixed Mortgage Refinance Rates
| Interest Rate |
|
Annual Percentage Rate |
|
Points |
|
Monthly Principal & Interest Payment per $100,000 borrowed | |
|---|---|---|---|---|---|---|---|
|
30 Year1 |
6.000% |
6.177% |
1.875% |
$599.552 |
|||
|
15 Year1 |
5.250% |
5.443% |
1.250% |
$803.882 |
Rates as of 08/15/2025 and can change without notice. Rate is based on a 60-day lock.
1 Maximum loan amount for these rates and terms is $1,209,750. Other options with different amounts, rates, and terms are available.
2 The information provided on this page is for informational and comparative purposes only. Rates and terms may change at any time and without prior notice. Your actual rate, payment, terms, and costs could be different. Get an official Loan Estimate before choosing a loan. Your rate, fees, and terms may differ based on various factors such as: when your rate is locked, actual occupancy status, loan purpose, loan amount, credit score, loan to value ratio, etc. The payment examples are principal and interest only and do not include mortgage insurance, taxes and other property insurance. The actual payment will be higher if mortgage insurance is required on your loan. Your actual payment obligation will be greater considering taxes and insurance premiums.
Lock in savings while rates are low.
Questions about refinancing? We've got the answers.
Whether you are looking to take advantage of a lower rate, consolidate debt, or adjust your mortgage term, our e-book covers the important topics you’ll consider throughout the refinance process.
Ready to apply for a mortgage refinance?
What to expect:
1. Create an account (if you don’t already have one).
2. Log in and provide us with some financial information.
3. Choose a loan term and rate.
What you will need:
1. Pay stubs for the most recent 30-day period.
2. W-2s from the last 2 years.
3. Tax returns from the last 2 years.
4. Bank statements for the most recent 2-month period or quarter.
If your current loan balance is $400,000 or less, consider refinancing your existing mortgage with a fixed-rate HELOC.
Have questions? Contact our local lending experts to get all your questions answered.
Trusted Lender
In 2024, Bank of Hawaii was the No. 1 local bank in total loan dollars for residential loans.+
+#1 Residential Lender ranking is for total loan dollars for residential loans made by a lender in the State of Hawaii in 2024. Information compiled by Title Guaranty derived from Hawaii Bureau of Conveyances tax data recorded information for 2024. Information is deemed reliable but not guaranteed.
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