Frandsen Bank & Trust closing costs and rates (2024)
In 2024, Frandsen Bank & Trust originated 374 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $4,825. That is $1,916 below the national median of $6,741. Frandsen Bank & Trust is most active in Minnesota with 313 originations there.
Purchase Originations
374
Median Total Costs
$4,825
−28.4% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$2,525
Median Lender Credits
$125
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 369 | 6.625% | $4,793 | $2,525 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Minnesota | 313 | 6.625% | $4,869 | #45 |
| Wisconsin | 31 | 6.875% | $4,822 | — |
| North Dakota | 24 | 6.500% | $4,280 | — |
| Florida | 2 | 7.370% | $7,931 | — |
| South Dakota | 2 | 5.688% | $3,979 | — |
| Arizona | 1 | 6.625% | $8,981 | — |
| Wyoming | 1 | 6.500% | $5,107 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,251 | 7.268% | — | 6 | −$1,574 | |
| 2 | $3,875 | 6.375% | — | 20 | −$950 | |
| 3 | $3,932 | 6.625% | — | 11 | −$893 | |
| 4 | $4,119 | 6.625% | — | 10 | −$706 | |
| 5 | $4,204 | 6.312% | — | 14 | −$621 | |
| 6 | $4,451 | 6.375% | — | 7 | −$374 | |
| 7 | $4,724 | 7.750% | — | 7 | −$101 | |
| 8 | $4,729 | 6.500% | — | 10 | −$96 | |
| 9 | $4,790 | 6.875% | — | 15 | −$35 | |
| 10 | $4,889 | 6.625% | — | 13 | +$64 | |
| 11 | $4,891 | 6.562% | — | 22 | +$66 | |
| 12 | $5,212 | 6.438% | — | 56 | +$387 | |
| 13 | $5,230 | 6.438% | — | 8 | +$405 | |
| 14 | $5,236 | 7.043% | — | 6 | +$411 | |
| 15 | $5,294 | 6.880% | — | 6 | +$469 | |
| 16 | $5,607 | 6.875% | — | 7 | +$782 | |
| 17 | $5,673 | 6.750% | — | 9 | +$848 | |
| 18 | $5,775 | 6.625% | — | 13 | +$950 | |
| 19 | $6,041 | 6.770% | — | 34 | +$1,216 | |
| 20 | $7,066 | 6.625% | — | 8 | +$2,241 |
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.