BMO Bank National Association closing costs and rates (2024)
In 2024, BMO Bank National Association originated 5,241 purchase mortgages at a median interest rate of 6.50% and median total closing costs of $6,486. That ranks #95 nationally by origination volume. For total closing costs among lenders with 500+ originations, BMO Bank National Association ranks #331. That is $255 below the national median of $6,741. BMO Bank National Association is most active in California with 2,376 originations there.
Purchase Originations
5,241
Ranked #95 nationally
Median Total Costs
$6,486
−3.8% vs national ($6,741)
Median Rate
6.500%
−1.8% vs national (6.620%)
Median Origination
$1,250
Median Lender Credits
$1,048
Cost Rank (500+ vol.)
#331
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 5,076 | 6.500% | $6,401 | $1,250 |
| fha | 157 | 6.500% | $11,289 | $1,837 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| California | 2,376 | 6.375% | $7,316 | #19 |
| Illinois | 498 | 6.750% | $6,227 | #47 |
| Wisconsin | 326 | 6.750% | $3,443 | #37 |
| Arizona | 273 | 6.625% | $7,834 | #58 |
| Colorado | 216 | 6.625% | $4,600 | #70 |
| Washington | 197 | 6.500% | $5,641 | #70 |
| Texas | 179 | 6.750% | $8,548 | #211 |
| Florida | 125 | 6.500% | $8,193 | #220 |
| Indiana | 88 | 6.750% | $3,525 | #134 |
| Oregon | 86 | 6.875% | $6,344 | #76 |
| Minnesota | 84 | 6.875% | $4,487 | #97 |
| Utah | 59 | 7.000% | $4,939 | #73 |
| Nevada | 53 | 6.750% | $5,736 | #96 |
| Missouri | 52 | 6.875% | $3,897 | #141 |
| Kansas | 50 | 6.750% | $3,329 | #101 |
| Nebraska | 43 | 6.875% | $3,393 | — |
| Massachusetts | 33 | 6.750% | $6,397 | — |
| New Jersey | 33 | 6.750% | $8,750 | — |
| North Carolina | 32 | 6.688% | $5,320 | — |
| New Mexico | 30 | 7.000% | $5,428 | — |
| Pennsylvania | 24 | 6.875% | $7,355 | — |
| Connecticut | 23 | 7.000% | $5,839 | — |
| Georgia | 23 | 6.500% | $7,242 | — |
| Montana | 21 | 7.125% | $5,692 | — |
| Idaho | 20 | 6.500% | $7,402 | — |
| Ohio | 20 | 6.750% | $5,639 | — |
| Iowa | 19 | 6.750% | $3,624 | — |
| Maryland | 19 | 6.500% | $6,341 | — |
| Wyoming | 19 | 6.875% | $4,396 | — |
| South Carolina | 18 | 6.625% | $5,511 | — |
| New York | 17 | 6.000% | $7,213 | — |
| Tennessee | 17 | 6.500% | $6,391 | — |
| Virginia | 17 | 6.875% | $6,438 | — |
| Alabama | 15 | 6.750% | $3,498 | — |
| Michigan | 15 | 7.000% | $3,905 | — |
| Oklahoma | 15 | 6.875% | $5,600 | — |
| South Dakota | 14 | 6.875% | $3,538 | — |
| Alaska | 13 | 7.375% | $5,479 | — |
| Hawaii | 13 | 6.375% | $9,350 | — |
| Louisiana | 12 | 7.125% | $5,326 | — |
| Maine | 11 | 7.125% | $4,515 | — |
| Kentucky | 7 | 7.125% | $4,498 | — |
| North Dakota | 7 | 6.750% | $3,750 | — |
| New Hampshire | 6 | 6.812% | $5,443 | — |
| West Virginia | 5 | 7.250% | $4,666 | — |
| Arkansas | 4 | 6.938% | $3,471 | — |
| Mississippi | 4 | 7.250% | $5,148 | — |
| Rhode Island | 4 | 6.625% | $5,643 | — |
| District of Columbia | 3 | 6.250% | $8,283 | — |
| Vermont | 2 | 7.375% | $6,064 | — |
| Delaware | 1 | 6.500% | $6,787 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,473 | 6.750% | — | 110 | −$3,013 | |
| 2 | $3,514 | 6.750% | — | 36 | −$2,972 | |
| 3 | $4,642 | 6.500% | — | 71 | −$1,844 | |
| 4 | $5,087 | 6.250% | — | 584 | −$1,399 | |
| 5 | $5,423 | 6.375% | — | 39 | −$1,063 | |
| 6 | $5,680 | 6.500% | — | 50 | −$806 | |
| 7 | $5,897 | 6.375% | — | 114 | −$589 | |
| 8 | $6,027 | 6.750% | — | 44 | −$459 | |
| 9 | $6,566 | 6.750% | — | 282 | +$80 | |
| 10 | $6,604 | 6.625% | — | 47 | +$118 | |
| 11 | $7,157 | 6.375% | — | 65 | +$671 | |
| 12 | $7,207 | 6.375% | — | 269 | +$721 | |
| 13 | $7,398 | 6.375% | — | 45 | +$912 | |
| 14 | $7,404 | 6.250% | — | 177 | +$918 | |
| 15 | $7,422 | 6.375% | — | 121 | +$936 | |
| 16 | $7,467 | 6.625% | — | 38 | +$981 | |
| 17 | $8,321 | 6.500% | — | 203 | +$1,835 | |
| 18 | $8,881 | 6.500% | — | 91 | +$2,395 | |
| 19 | $9,326 | 6.375% | — | 161 | +$2,840 | |
| 20 | $10,169 | 6.250% | — | 507 | +$3,683 |
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.