CAKE MORTGAGE CORP. closing costs and rates (2024)
In 2024, CAKE MORTGAGE CORP. originated 395 purchase mortgages at a median interest rate of 7.62% and median total closing costs of $15,470. That is $8,729 above the national median of $6,741. CAKE MORTGAGE CORP. is most active in California with 199 originations there.
Purchase Originations
395
Median Total Costs
$15,470
+129.5% vs national ($6,741)
Median Rate
7.625%
+15.2% vs national (6.620%)
Median Origination
$9,461
Median Lender Credits
$640
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 324 | 7.750% | $15,488 | $10,208 |
| fha | 52 | 6.500% | $16,333 | $7,570 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| California | 199 | 7.625% | $17,811 | #148 |
| Florida | 53 | 7.250% | $18,489 | #318 |
| Texas | 25 | 7.750% | $10,688 | — |
| New Jersey | 14 | 7.495% | $14,713 | — |
| Nevada | 12 | 7.312% | $11,592 | — |
| Arizona | 9 | 7.875% | $16,082 | — |
| Georgia | 9 | 6.875% | $18,548 | — |
| Washington | 9 | 7.250% | $11,627 | — |
| Maryland | 7 | 7.500% | $13,682 | — |
| South Carolina | 6 | 7.433% | $9,958 | — |
| Virginia | 6 | 7.125% | $9,757 | — |
| Colorado | 5 | 8.000% | $15,630 | — |
| Pennsylvania | 5 | 7.625% | $8,664 | — |
| Tennessee | 5 | 6.625% | $13,060 | — |
| Connecticut | 4 | 7.495% | $12,781 | — |
| Illinois | 3 | 8.625% | $10,541 | — |
| Ohio | 3 | 7.875% | $5,646 | — |
| Idaho | 2 | 8.500% | $10,529 | — |
| Massachusetts | 2 | 8.000% | $17,543 | — |
| Michigan | 2 | 7.250% | $10,498 | — |
| North Carolina | 2 | 7.062% | $8,749 | — |
| North Dakota | 2 | 6.312% | $15,503 | — |
| New Mexico | 2 | 6.812% | $9,010 | — |
| Oklahoma | 2 | 8.125% | $7,638 | — |
| Alabama | 1 | 6.750% | $11,112 | — |
| Louisiana | 1 | 7.000% | $15,297 | — |
| Missouri | 1 | 8.750% | $14,678 | — |
| New Hampshire | 1 | 7.125% | $4,533 | — |
| Oregon | 1 | 9.500% | $15,617 | — |
| Rhode Island | 1 | 6.500% | $10,726 | — |
| West Virginia | 1 | 7.125% | $6,566 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $7,638 | 8.125% | — | 2 | −$7,832 | |
| 2 | $10,185 | 7.250% | — | 5 | −$5,285 | |
| 3 | $11,410 | 8.500% | — | 4 | −$4,060 | |
| 4 | $13,109 | 7.375% | — | 9 | −$2,361 | |
| 5 | $13,774 | 6.625% | — | 4 | −$1,696 | |
| 6 | $13,796 | 7.375% | — | 2 | −$1,674 | |
| 7 | $14,748 | 6.990% | — | 4 | −$722 | |
| 8 | $14,824 | 7.750% | — | 6 | −$646 | |
| 9 | $14,865 | 8.750% | — | 3 | −$605 | |
| 10 | $15,951 | 7.875% | — | 7 | +$481 | |
| 11 | $16,175 | 8.999% | — | 5 | +$705 | |
| 12 | $16,392 | 8.062% | — | 16 | +$922 | |
| 13 | $18,809 | 8.312% | — | 8 | +$3,339 | |
| 14 | $19,266 | 7.625% | — | 131 | +$3,796 | |
| 15 | $19,733 | 8.250% | — | 7 | +$4,263 | |
| 16 | $20,466 | 6.562% | — | 4 | +$4,996 | |
| 17 | $20,960 | 6.500% | — | 7 | +$5,490 | |
| 18 | $21,209 | 7.495% | — | 6 | +$5,739 | |
| 19 | $22,266 | 8.000% | — | 3 | +$6,796 | |
| 20 | $24,688 | 7.375% | — | 11 | +$9,218 |
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.