Discover Bank closing costs and rates (2024)
In 2024, Discover Bank originated 302 purchase mortgages at a median interest rate of 6.98% and median total closing costs of $0. Discover Bank is most active in Florida with 42 originations there.
Purchase Originations
302
Median Total Costs
$0
−100.0% vs national ($6,741)
Median Rate
6.980%
+5.4% vs national (6.620%)
Median Origination
$0
Median Lender Credits
—
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 302 | 6.980% | $0 | $0 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Florida | 42 | 6.790% | $0 | — |
| Texas | 40 | 6.990% | $0 | — |
| New York | 18 | 6.865% | $0 | — |
| Georgia | 16 | 6.990% | $0 | — |
| Pennsylvania | 14 | 7.230% | $0 | — |
| Ohio | 13 | 7.440% | $0 | — |
| New Jersey | 12 | 6.490% | $0 | — |
| Tennessee | 12 | 7.095% | $0 | — |
| Arizona | 10 | 6.615% | $0 | — |
| California | 10 | 6.990% | $0 | — |
| Michigan | 10 | 7.010% | $0 | — |
| Illinois | 9 | 7.180% | $0 | — |
| Colorado | 8 | 6.990% | $0 | — |
| Indiana | 7 | 6.750% | $0 | — |
| North Carolina | 7 | 6.580% | $0 | — |
| Oklahoma | 7 | 7.240% | $0 | — |
| South Carolina | 7 | 6.990% | $0 | — |
| Alabama | 5 | 6.740% | $0 | — |
| Connecticut | 5 | 7.240% | $0 | — |
| Missouri | 5 | 6.650% | $0 | — |
| Minnesota | 4 | 6.740% | $0 | — |
| New Mexico | 4 | 6.760% | $0 | — |
| Washington | 4 | 6.610% | $0 | — |
| Kentucky | 3 | 6.580% | $0 | — |
| Massachusetts | 3 | 6.490% | $0 | — |
| Virginia | 3 | 6.490% | $0 | — |
| Alaska | 2 | 7.335% | $0 | — |
| Arkansas | 2 | 7.385% | $0 | — |
| Delaware | 2 | 7.195% | $0 | — |
| Kansas | 2 | 6.900% | $0 | — |
| Louisiana | 2 | 7.290% | $0 | — |
| Maine | 2 | 7.775% | $0 | — |
| Mississippi | 2 | 7.950% | $0 | — |
| North Dakota | 2 | 6.370% | $0 | — |
| Wisconsin | 2 | 7.240% | $0 | — |
| Idaho | 1 | 7.190% | $0 | — |
| Nebraska | 1 | 7.240% | $0 | — |
| Nevada | 1 | 6.290% | $0 | — |
| Oregon | 1 | 7.310% | $0 | — |
| West Virginia | 1 | 6.800% | $0 | — |
| Wyoming | 1 | 6.780% | $0 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $0 | 6.830% | — | 11 | +$0 | |
| 2 | $0 | 6.990% | — | 10 | +$0 | |
| 3 | $0 | 6.650% | — | 5 | +$0 | |
| 4 | $0 | 7.180% | — | 5 | +$0 | |
| 5 | $0 | 6.740% | — | 5 | +$0 | |
| 6 | $0 | 7.080% | — | 5 | +$0 | |
| 7 | $0 | 7.095% | — | 4 | +$0 | |
| 8 | $0 | 7.145% | — | 4 | +$0 | |
| 9 | $0 | 6.660% | — | 4 | +$0 | |
| 10 | $0 | 7.120% | — | 3 | +$0 | |
| 11 | $0 | 6.490% | — | 3 | +$0 | |
| 12 | $0 | 7.440% | — | 3 | +$0 | |
| 13 | $0 | 6.990% | — | 3 | +$0 | |
| 14 | $0 | 6.490% | — | 3 | +$0 | |
| 15 | $0 | 6.860% | — | 2 | +$0 | |
| 16 | $0 | 6.900% | — | 2 | +$0 | |
| 17 | $0 | 6.500% | — | 2 | +$0 | |
| 18 | $0 | 6.960% | — | 2 | +$0 | |
| 19 | $0 | 6.990% | — | 2 | +$0 | |
| 20 | $0 | 7.150% | — | 2 | +$0 |
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.