Commerce Bank closing costs and rates (2024)
In 2024, Commerce Bank originated 806 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $3,020. That ranks #440 nationally by origination volume. For total closing costs among lenders with 500+ originations, Commerce Bank ranks #49. That is $3,721 below the national median of $6,741. Commerce Bank is most active in Missouri with 456 originations there.
Purchase Originations
806
Ranked #440 nationally
Median Total Costs
$3,020
−55.2% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$600
Median Lender Credits
$1,620
Cost Rank (500+ vol.)
#49
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 743 | 6.625% | $2,963 | $600 |
| fha | 49 | 7.000% | $6,183 | $197 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Missouri | 456 | 6.750% | $3,044 | #24 |
| Kansas | 156 | 6.750% | $2,707 | #45 |
| Colorado | 62 | 6.500% | $3,018 | #127 |
| Illinois | 33 | 6.875% | $2,503 | — |
| Texas | 27 | 6.625% | $5,557 | — |
| Oklahoma | 14 | 6.562% | $4,557 | — |
| Florida | 7 | 6.375% | $5,353 | — |
| Arizona | 4 | 6.500% | $6,155 | — |
| California | 4 | 6.750% | $9,015 | — |
| Michigan | 4 | 6.938% | $3,987 | — |
| Tennessee | 4 | 6.500% | $2,665 | — |
| Virginia | 4 | 6.375% | $4,325 | — |
| Arkansas | 3 | 6.500% | $3,061 | — |
| Georgia | 3 | 6.000% | $3,276 | — |
| Mississippi | 3 | 6.625% | $4,782 | — |
| South Carolina | 3 | 6.500% | $3,696 | — |
| Washington | 3 | 6.375% | $4,614 | — |
| Indiana | 2 | 6.938% | $2,342 | — |
| Ohio | 2 | 6.250% | $3,306 | — |
| Alabama | 1 | 6.750% | $3,526 | — |
| District of Columbia | 1 | 6.625% | $8,375 | — |
| Iowa | 1 | 6.375% | $2,489 | — |
| Louisiana | 1 | 5.750% | $7,154 | — |
| Minnesota | 1 | 6.375% | $18,302 | — |
| New Hampshire | 1 | 6.500% | $4,661 | — |
| New Mexico | 1 | 6.250% | $3,806 | — |
| Nevada | 1 | 7.375% | $3,432 | — |
| New York | 1 | 6.000% | $5,342 | — |
| Rhode Island | 1 | 6.625% | $8,866 | — |
| Wisconsin | 1 | 6.625% | $3,486 | — |
| Wyoming | 1 | 6.875% | $1,839 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,125 | 6.875% | — | 19 | −$895 | |
| 2 | $2,233 | 6.938% | — | 8 | −$787 | |
| 3 | $2,357 | 6.875% | — | 17 | −$663 | |
| 4 | $2,430 | 7.062% | — | 12 | −$590 | |
| 5 | $2,599 | 6.562% | — | 14 | −$421 | |
| 6 | $2,606 | 6.625% | — | 53 | −$414 | |
| 7 | $2,699 | 6.562% | — | 22 | −$321 | |
| 8 | $2,783 | 6.625% | — | 8 | −$237 | |
| 9 | $2,793 | 7.000% | — | 17 | −$227 | |
| 10 | $2,847 | 6.875% | — | 117 | −$173 | |
| 11 | $2,996 | 6.375% | — | 13 | −$24 | |
| 12 | $3,045 | 6.625% | — | 28 | +$25 | |
| 13 | $3,049 | 6.625% | — | 14 | +$29 | |
| 14 | $3,052 | 6.625% | — | 22 | +$32 | |
| 15 | $3,138 | 6.750% | — | 25 | +$118 | |
| 16 | $3,138 | 6.375% | — | 21 | +$118 | |
| 17 | $3,365 | 6.750% | — | 31 | +$345 | |
| 18 | $3,604 | 6.625% | — | 94 | +$584 | |
| 19 | $3,727 | 6.875% | — | 10 | +$707 | |
| 20 | $5,220 | 6.812% | — | 12 | +$2,200 |
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.