Amalgamated Bank closing costs and rates (2024)
In 2024, Amalgamated Bank originated 173 purchase mortgages at a median interest rate of 6.50% and median total closing costs of $3,952. That is $2,789 below the national median of $6,741. Amalgamated Bank is most active in New York with 142 originations there.
Purchase Originations
173
Median Total Costs
$3,952
−41.4% vs national ($6,741)
Median Rate
6.500%
−1.8% vs national (6.620%)
Median Origination
$1,992
Median Lender Credits
$562
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 173 | 6.500% | $3,952 | $1,992 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| New York | 142 | 6.625% | $3,771 | #104 |
| California | 7 | 6.500% | $6,496 | — |
| Illinois | 5 | 6.500% | $5,787 | — |
| District of Columbia | 2 | 6.375% | $5,410 | — |
| Massachusetts | 2 | 6.812% | $5,594 | — |
| Minnesota | 2 | 6.745% | $4,063 | — |
| New Jersey | 2 | 5.562% | $8,528 | — |
| Pennsylvania | 2 | 6.562% | $5,101 | — |
| Virginia | 2 | 6.625% | $4,804 | — |
| Alabama | 1 | 6.375% | $4,016 | — |
| Colorado | 1 | 6.375% | $3,132 | — |
| Connecticut | 1 | 6.500% | $4,754 | — |
| Florida | 1 | 7.250% | $6,264 | — |
| Georgia | 1 | 5.750% | $4,514 | — |
| Tennessee | 1 | 6.125% | $2,584 | — |
| Texas | 1 | 6.500% | $11,514 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,692 | 6.500% | — | 1 | −$1,260 | |
| 2 | $3,132 | 6.375% | — | 1 | −$820 | |
| 3 | $3,548 | 6.562% | — | 16 | −$404 | |
| 4 | $3,595 | 6.490% | — | 1 | −$357 | |
| 5 | $3,708 | 6.562% | — | 44 | −$244 | |
| 6 | $3,710 | 6.625% | — | 25 | −$242 | |
| 7 | $4,016 | 6.375% | — | 1 | +$64 | |
| 8 | $4,045 | 6.625% | — | 48 | +$93 | |
| 9 | $4,378 | 6.250% | — | 1 | +$426 | |
| 10 | $4,514 | 5.750% | — | 1 | +$562 | |
| 11 | $4,621 | 6.500% | — | 3 | +$669 | |
| 12 | $4,754 | 6.500% | — | 1 | +$802 | |
| 13 | $4,958 | 6.500% | — | 5 | +$1,006 | |
| 14 | $5,410 | 6.375% | — | 2 | +$1,458 | |
| 15 | $5,820 | 6.562% | — | 4 | +$1,868 | |
| 16 | $6,264 | 7.250% | — | 1 | +$2,312 | |
| 17 | $6,425 | 6.375% | — | 2 | +$2,473 | |
| 18 | $6,496 | 7.000% | — | 1 | +$2,544 | |
| 19 | $7,146 | 6.375% | — | 1 | +$3,194 | |
| 20 | $12,679 | 4.875% | — | 1 | +$8,727 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2024. Sorted by median total loan costs.
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Data source: HMDA Modified Loan Application Register 2024, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.