BankNewport closing costs and rates (2024)
In 2024, BankNewport originated 155 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $4,330. That is $2,411 below the national median of $6,741. BankNewport is most active in Rhode Island with 135 originations there.
Purchase Originations
155
Median Total Costs
$4,330
−35.8% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$990
Median Lender Credits
$200
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 147 | 6.625% | $4,283 | $990 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Rhode Island | 135 | 6.625% | $4,318 | #16 |
| Massachusetts | 18 | 6.625% | $5,152 | — |
| Connecticut | 2 | 6.750% | $3,939 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,760 | 6.125% | — | 1 | −$570 | |
| 2 | $3,939 | 6.750% | — | 2 | −$391 | |
| 3 | $4,096 | 6.750% | — | 12 | −$234 | |
| 4 | $4,114 | 6.562% | — | 2 | −$216 | |
| 5 | $4,152 | 6.625% | — | 28 | −$178 | |
| 6 | $4,252 | 6.625% | — | 54 | −$78 | |
| 7 | $4,592 | 6.562% | — | 18 | +$262 | |
| 8 | $5,038 | 6.750% | — | 23 | +$708 | |
| 9 | $5,313 | 6.625% | — | 10 | +$983 | |
| 10 | $6,254 | 6.625% | — | 5 | +$1,924 |
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.