Cathay Bank closing costs and rates (2024)
In 2024, Cathay Bank originated 640 purchase mortgages at a median interest rate of 7.12% and median total closing costs of $6,485. That ranks #544 nationally by origination volume. For total closing costs among lenders with 500+ originations, Cathay Bank ranks #329. That is $256 below the national median of $6,741. Cathay Bank is most active in New York with 329 originations there.
Purchase Originations
640
Ranked #544 nationally
Median Total Costs
$6,485
−3.8% vs national ($6,741)
Median Rate
7.125%
+7.6% vs national (6.620%)
Median Origination
$1,380
Median Lender Credits
$607
Cost Rank (500+ vol.)
#329
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 640 | 7.125% | $6,485 | $1,380 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| New York | 329 | 7.125% | $6,772 | #63 |
| California | 199 | 7.125% | $6,444 | #149 |
| Washington | 39 | 7.125% | $4,984 | — |
| Nevada | 21 | 6.125% | $3,769 | — |
| New Jersey | 18 | 7.125% | $5,371 | — |
| Illinois | 11 | 6.875% | $6,335 | — |
| Massachusetts | 11 | 7.125% | $4,510 | — |
| Texas | 9 | 7.125% | $5,573 | — |
| Maryland | 3 | 7.125% | $4,487 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,769 | 6.125% | — | 21 | −$2,716 | |
| 2 | $4,371 | 7.125% | — | 10 | −$2,114 | |
| 3 | $4,510 | 7.125% | — | 5 | −$1,975 | |
| 4 | $4,755 | 7.125% | — | 8 | −$1,730 | |
| 5 | $5,219 | 7.125% | — | 28 | −$1,266 | |
| 6 | $5,219 | 7.125% | — | 12 | −$1,266 | |
| 7 | $5,717 | 7.250% | — | 3 | −$768 | |
| 8 | $5,883 | 6.875% | — | 4 | −$602 | |
| 9 | $6,274 | 6.750% | — | 6 | −$211 | |
| 10 | $6,346 | 7.125% | — | 145 | −$139 | |
| 11 | $6,459 | 7.125% | — | 23 | −$26 | |
| 12 | $6,496 | 7.188% | — | 4 | +$11 | |
| 13 | $6,820 | 7.125% | — | 60 | +$335 | |
| 14 | $6,934 | 7.125% | — | 84 | +$449 | |
| 15 | $6,949 | 7.125% | — | 41 | +$464 | |
| 16 | $6,991 | 7.125% | — | 17 | +$506 | |
| 17 | $7,134 | 7.125% | — | 14 | +$649 | |
| 18 | $7,192 | 7.125% | — | 64 | +$707 | |
| 19 | $7,305 | 7.125% | — | 28 | +$820 | |
| 20 | $7,609 | 7.188% | — | 4 | +$1,124 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2024. Sorted by median total loan costs.
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 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.