Eastern Bank closing costs and rates (2024)
In 2024, Eastern Bank originated 399 purchase mortgages at a median interest rate of 6.25% and median total closing costs of $4,502. That is $2,239 below the national median of $6,741. Eastern Bank is most active in Massachusetts with 351 originations there.
Purchase Originations
399
Median Total Costs
$4,502
−33.2% vs national ($6,741)
Median Rate
6.250%
−5.6% vs national (6.620%)
Median Origination
$1,345
Median Lender Credits
$600
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 374 | 6.250% | $4,428 | $1,345 |
| fha | 25 | 6.000% | $15,226 | $1,345 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Massachusetts | 351 | 6.250% | $4,554 | #32 |
| Rhode Island | 24 | 6.188% | $4,159 | — |
| Connecticut | 13 | 6.375% | $4,615 | — |
| New Hampshire | 11 | 6.375% | $4,147 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,476 | 6.625% | — | 1 | −$1,026 | |
| 2 | $3,693 | 6.375% | — | 2 | −$809 | |
| 3 | $3,706 | 6.490% | — | 1 | −$796 | |
| 4 | $3,787 | 6.058% | — | 2 | −$715 | |
| 5 | $3,978 | 6.000% | — | 4 | −$524 | |
| 6 | $4,047 | 6.375% | — | 9 | −$455 | |
| 7 | $4,068 | 6.250% | — | 4 | −$434 | |
| 8 | $4,138 | 6.375% | — | 7 | −$364 | |
| 9 | $4,147 | 6.500% | — | 5 | −$355 | |
| 10 | $4,216 | 6.125% | — | 13 | −$286 | |
| 11 | $4,311 | 6.125% | — | 87 | −$191 | |
| 12 | $4,425 | 6.375% | — | 57 | −$77 | |
| 13 | $4,451 | 6.490% | — | 13 | −$51 | |
| 14 | $4,483 | 6.250% | — | 37 | −$19 | |
| 15 | $4,535 | 6.562% | — | 2 | +$33 | |
| 16 | $4,615 | 6.250% | — | 11 | +$113 | |
| 17 | $4,617 | 6.250% | — | 1 | +$115 | |
| 18 | $4,810 | 6.375% | — | 44 | +$308 | |
| 19 | $4,816 | 6.250% | — | 81 | +$314 | |
| 20 | $4,960 | 5.995% | — | 18 | +$458 |
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.