Bank of England closing costs and rates (2024)
In 2024, Bank of England originated 3,098 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $7,871. That ranks #149 nationally by origination volume. For total closing costs among lenders with 500+ originations, Bank of England ranks #434. That is $1,130 above the national median of $6,741. Bank of England is most active in Florida with 710 originations there.
Purchase Originations
3,098
Ranked #149 nationally
Median Total Costs
$7,871
+16.8% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$2,540
Median Lender Credits
$190
Cost Rank (500+ vol.)
#434
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 1,589 | 6.875% | $5,641 | $2,526 |
| fha | 1,120 | 6.500% | $10,843 | $2,890 |
| va | 300 | 6.375% | $8,672 | $1,341 |
| usda | 89 | 6.250% | $6,231 | $2,496 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Florida | 710 | 6.625% | $10,360 | #64 |
| Arkansas | 339 | 6.500% | $5,682 | #20 |
| Kentucky | 317 | 6.750% | $8,084 | #31 |
| Wisconsin | 289 | 7.125% | $4,415 | #43 |
| Mississippi | 171 | 6.500% | $8,461 | #32 |
| Alabama | 133 | 6.750% | $8,069 | #70 |
| Tennessee | 118 | 6.500% | $8,707 | #112 |
| Texas | 96 | 6.625% | $10,822 | #278 |
| Indiana | 95 | 6.625% | $5,962 | #133 |
| Colorado | 89 | 6.875% | $9,579 | #112 |
| Georgia | 77 | 6.625% | $8,805 | #159 |
| Idaho | 70 | 6.125% | $11,792 | #56 |
| Ohio | 65 | 7.000% | $6,753 | #166 |
| Oregon | 65 | 7.000% | $7,737 | #90 |
| Nevada | 44 | 6.625% | $11,629 | — |
| Michigan | 42 | 6.750% | $5,151 | — |
| North Carolina | 42 | 6.625% | $9,574 | — |
| New York | 38 | 6.812% | $9,285 | — |
| North Dakota | 37 | 7.125% | $9,158 | — |
| Connecticut | 25 | 6.625% | $7,506 | — |
| Pennsylvania | 24 | 6.625% | $6,010 | — |
| Arizona | 22 | 7.062% | $8,675 | — |
| South Carolina | 20 | 6.688% | $6,329 | — |
| Virginia | 20 | 6.312% | $6,655 | — |
| Illinois | 18 | 6.875% | $6,449 | — |
| Louisiana | 17 | 6.625% | $8,443 | — |
| Massachusetts | 16 | 6.812% | $11,809 | — |
| Missouri | 14 | 6.625% | $6,788 | — |
| Washington | 13 | 6.750% | $10,149 | — |
| Minnesota | 11 | 7.125% | $6,658 | — |
| New Jersey | 10 | 6.875% | $8,001 | — |
| Kansas | 7 | 6.625% | $5,367 | — |
| Utah | 7 | 6.750% | $13,644 | — |
| Montana | 6 | 6.812% | $9,868 | — |
| California | 5 | 7.125% | $9,292 | — |
| Oklahoma | 4 | 6.375% | $10,870 | — |
| Iowa | 3 | 6.750% | $6,540 | — |
| Maryland | 3 | 7.250% | $6,626 | — |
| Rhode Island | 3 | 6.625% | $11,644 | — |
| West Virginia | 3 | 6.500% | $7,575 | — |
| New Hampshire | 2 | 6.562% | $20,905 | — |
| Wyoming | 2 | 7.188% | $13,533 | — |
| Alaska | 1 | 6.750% | $17,953 | — |
| Hawaii | 1 | 7.125% | $9,942 | — |
| Maine | 1 | 7.125% | $10,822 | — |
| New Mexico | 1 | 7.375% | $10,266 | — |
| South Dakota | 1 | 6.625% | $13,399 | — |
| Vermont | 1 | 7.125% | $16,084 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,858 | 7.125% | — | 60 | −$4,013 | |
| 2 | $4,428 | 7.000% | — | 130 | −$3,443 | |
| 3 | $5,194 | 6.500% | — | 105 | −$2,677 | |
| 4 | $5,714 | 6.625% | — | 46 | −$2,157 | |
| 5 | $6,330 | 6.625% | — | 32 | −$1,541 | |
| 6 | $6,696 | 6.375% | — | 27 | −$1,175 | |
| 7 | $7,268 | 6.750% | — | 91 | −$603 | |
| 8 | $8,241 | 6.750% | — | 31 | +$370 | |
| 9 | $8,257 | 6.625% | — | 26 | +$386 | |
| 10 | $8,865 | 7.000% | — | 48 | +$994 | |
| 11 | $9,101 | 6.438% | — | 54 | +$1,230 | |
| 12 | $9,202 | 6.625% | — | 29 | +$1,331 | |
| 13 | $9,304 | 6.925% | — | 26 | +$1,433 | |
| 14 | $9,781 | 6.500% | — | 54 | +$1,910 | |
| 15 | $10,048 | 6.500% | — | 315 | +$2,177 | |
| 16 | $10,898 | 6.500% | — | 91 | +$3,027 | |
| 17 | $11,108 | 6.625% | — | 26 | +$3,237 | |
| 18 | $11,159 | 6.250% | — | 47 | +$3,288 | |
| 19 | $11,629 | 6.625% | — | 44 | +$3,758 | |
| 20 | $12,208 | 7.000% | — | 43 | +$4,337 |
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.