Charles Schwab Bank, SSB closing costs and rates (2024)
In 2024, Charles Schwab Bank, SSB originated 1,742 purchase mortgages at a median interest rate of 5.97% and median total closing costs of $5,570. That ranks #252 nationally by origination volume. For total closing costs among lenders with 500+ originations, Charles Schwab Bank, SSB ranks #249. That is $1,171 below the national median of $6,741. Charles Schwab Bank, SSB is most active in California with 489 originations there.
Purchase Originations
1,742
Ranked #252 nationally
Median Total Costs
$5,570
−17.4% vs national ($6,741)
Median Rate
5.975%
−9.7% vs national (6.620%)
Median Origination
$1,195
Median Lender Credits
$731
Cost Rank (500+ vol.)
#249
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 1,742 | 5.975% | $5,570 | $1,195 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| California | 489 | 5.875% | $6,320 | #74 |
| Florida | 173 | 6.000% | $6,524 | #184 |
| Texas | 135 | 6.050% | $7,369 | #238 |
| Colorado | 100 | 6.000% | $3,374 | #105 |
| Washington | 98 | 5.875% | $5,367 | #105 |
| Arizona | 56 | 6.062% | $5,889 | #136 |
| Illinois | 55 | 6.000% | $6,411 | #188 |
| Massachusetts | 55 | 5.875% | $5,971 | #121 |
| Georgia | 49 | 6.000% | $4,969 | — |
| New York | 45 | 5.975% | $5,332 | — |
| North Carolina | 44 | 6.112% | $4,265 | — |
| New Jersey | 40 | 5.900% | $7,974 | — |
| Virginia | 39 | 6.125% | $4,122 | — |
| Tennessee | 34 | 5.975% | $4,205 | — |
| Oregon | 30 | 5.912% | $5,536 | — |
| Pennsylvania | 27 | 6.175% | $6,203 | — |
| South Carolina | 27 | 6.000% | $4,459 | — |
| Nevada | 26 | 5.662% | $6,672 | — |
| Maryland | 21 | 6.000% | $5,238 | — |
| Ohio | 20 | 5.875% | $4,372 | — |
| Minnesota | 15 | 6.125% | $4,241 | — |
| Michigan | 13 | 5.925% | $3,889 | — |
| Missouri | 13 | 5.375% | $3,663 | — |
| Utah | 12 | 5.862% | $3,049 | — |
| Idaho | 11 | 6.125% | $6,256 | — |
| District of Columbia | 10 | 6.125% | $6,485 | — |
| Kansas | 9 | 6.075% | $2,965 | — |
| Oklahoma | 9 | 5.750% | $4,413 | — |
| Connecticut | 8 | 6.375% | $6,718 | — |
| Wisconsin | 8 | 6.287% | $2,980 | — |
| Hawaii | 7 | 5.750% | $7,454 | — |
| New Mexico | 7 | 6.000% | $5,325 | — |
| Arkansas | 6 | 6.175% | $4,672 | — |
| Alabama | 5 | 6.000% | $3,697 | — |
| Indiana | 5 | 5.500% | $3,070 | — |
| Kentucky | 5 | 6.125% | $4,629 | — |
| Louisiana | 5 | 5.875% | $5,538 | — |
| Montana | 5 | 6.200% | $5,408 | — |
| New Hampshire | 5 | 5.500% | $3,888 | — |
| Nebraska | 4 | 5.975% | $3,653 | — |
| Maine | 3 | 6.250% | $4,553 | — |
| Vermont | 3 | 5.975% | $6,053 | — |
| Delaware | 2 | 5.750% | $8,541 | — |
| Rhode Island | 2 | 5.500% | $2,820 | — |
| West Virginia | 2 | 5.900% | $4,643 | — |
| Wyoming | 2 | 5.600% | $4,239 | — |
| Alaska | 1 | 5.375% | $6,996 | — |
| Iowa | 1 | 6.250% | $3,148 | — |
| South Dakota | 1 | 5.750% | $4,279 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,507 | 6.025% | — | 30 | −$2,063 | |
| 2 | $4,282 | 5.625% | — | 61 | −$1,288 | |
| 3 | $5,712 | 6.062% | — | 44 | +$142 | |
| 4 | $5,721 | 5.875% | — | 68 | +$151 | |
| 5 | $5,735 | 5.662% | — | 18 | +$165 | |
| 6 | $5,996 | 5.750% | — | 21 | +$426 | |
| 7 | $6,070 | 5.725% | — | 41 | +$500 | |
| 8 | $6,518 | 5.750% | — | 35 | +$948 | |
| 9 | $6,542 | 6.125% | — | 19 | +$972 | |
| 10 | $6,548 | 5.875% | — | 27 | +$978 | |
| 11 | $6,552 | 6.000% | — | 31 | +$982 | |
| 12 | $6,610 | 5.900% | — | 28 | +$1,040 | |
| 13 | $6,639 | 5.850% | — | 36 | +$1,069 | |
| 14 | $6,776 | 5.987% | — | 40 | +$1,206 | |
| 15 | $7,300 | 5.875% | — | 55 | +$1,730 | |
| 16 | $7,362 | 5.600% | — | 37 | +$1,792 | |
| 17 | $8,846 | 5.875% | — | 71 | +$3,276 | |
| 18 | $9,356 | 6.000% | — | 29 | +$3,786 | |
| 19 | $10,072 | 5.625% | — | 17 | +$4,502 | |
| 20 | $10,300 | 5.950% | — | 19 | +$4,730 |
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.