Purchase Originations
160
Median Total Costs
$4,559
−31.8% vs national ($6,680)
↑ $229 vs prior year
Median Rate
6.500%
+0.1% vs national (6.490%)
↓ 0.125% vs prior year
Median Origination
$990
Median Lender Credits
$408
Denial Rate
11.0%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 149 | 6.500% | $4,467 | $990 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Rhode Island | 143 | 6.500% | $4,532 | #15 |
| Massachusetts | 14 | 6.562% | $4,727 | — |
| Connecticut | 2 | 6.312% | $5,880 | — |
| North Carolina | 1 | 6.500% | $6,242 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,148 | 6.250% | — | 2 | −$411 | |
| 2 | $4,256 | 6.375% | — | 55 | −$303 | |
| 3 | $4,292 | 6.500% | — | 1 | −$267 | |
| 4 | $4,488 | 6.312% | — | 20 | −$71 | |
| 5 | $4,552 | 6.500% | — | 27 | −$7 | |
| 6 | $4,727 | 6.375% | — | 8 | +$168 | |
| 7 | $4,833 | 6.562% | — | 30 | +$274 | |
| 8 | $5,106 | 6.625% | — | 11 | +$547 | |
| 9 | $6,242 | 6.500% | — | 1 | +$1,683 | |
| 10 | $6,400 | 6.625% | — | 3 | +$1,841 | |
| 11 | $7,150 | 6.875% | — | 1 | +$2,591 | |
| 12 | $7,468 | 6.125% | — | 1 | +$2,909 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2025. Sorted by median total loan costs.
Peer set: the 50 highest-volume U.S. mortgage lenders in 2025 (min. 8,254 purchase originations).
| Metric | BankNewport | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $425,000 | $335,000 | +$90,000 (+26.9%) |
| Median total closing costs | $4,559 | $7,127 | −$2,568 (−36.0%) |
Other high-volume lenders side-by-side.
Found your lender? Make sure their quote is fair.
HMDA data shows industry-wide medians. Your actual quote may differ. Upload your Closing Disclosure or Loan Estimate to see exactly where your fees stand — and get a ready-to-send negotiation email.
Data source: HMDA Modified Loan Application Register 2025, 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.