Grade B · 0% of disclosures flagged for junk fees
Mortgage Company
Avg Closing Costs
$6,871
median across reports
vs. National Average
103%
above national avg
Avg Origination Charge
$4,191
Section A lender fee
Reports with Junk Fees
0%
of submitted reports
| Fee Category | This Lender (avg) | National Avg | Verdict |
|---|---|---|---|
| Origination Fee | $4,191 | $1,584 | 🔺 High |
| discount_points | $3,224 | $2,242 | 🔴 Above Avg |
| lender_credits | $1,775 | $428 | 🔺 High |
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Based on 1,473 homebuyer-submitted Closing Disclosures, Michigan Mutual, Inc.'s median total closing costs are $6,871. This is about 103% above the $3,383 national peer median for comparable lenders. Actual costs vary by loan type, loan amount, property state, and individual borrower profile. This data is informational only and not financial advice.
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What Are Junk Fees on a Mortgage?
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How to Read Your Closing Disclosure
Page-by-page walkthrough of the 5-page form.
Average Closing Costs by State
Benchmark your costs against the state average.
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Compare Michigan Mutual, Inc. with another lender
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Aggregates from Michigan Mutual, Inc.'s 2025 HMDA filings — actual closed-loan figures reported to federal regulators, compared against the national median across all lenders.
Purchase Originations
1,070
Ranked #357 nationally
Median Total Costs
$7,506
+12.4% vs national ($6,680)
Median Rate
6.750%
+4.0% vs national (6.490%)
Median Origination
$2,432
Median Lender Credits
$335
Cost Rank (500+ vol.)
#405
among lenders with 500+ originations
Denial Rate
7.3%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 548 | 6.875% | $6,162 | $2,897 |
| fha | 393 | 6.750% | $9,896 | $2,421 |
| va | 105 | 6.625% | $4,744 | $0 |
| usda | 24 | 6.688% | $7,036 | $2,070 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Michigan | 348 | 6.875% | $6,215 | #58 |
| Florida | 126 | 6.750% | $10,375 | #206 |
| Pennsylvania | 93 | 6.750% | $7,787 | #166 |
| California | 77 | 6.625% | $12,880 | #221 |
| North Carolina | 57 | 6.500% | $6,275 | #193 |
| Ohio | 55 | 6.990% | $7,739 | #180 |
| Indiana | 31 | 6.625% | $8,187 | — |
| Arizona | 30 | 6.688% | $9,871 | — |
| Maryland | 25 | 6.625% | $10,961 | — |
| Illinois | 24 | 6.750% | $7,969 | — |
| Alabama | 22 | 6.750% | $6,006 | — |
| Iowa | 22 | 6.625% | $4,085 | — |
| Colorado | 21 | 6.625% | $6,188 | — |
| Texas | 16 | 6.688% | $10,220 | — |
| New Mexico | 14 | 6.625% | $7,807 | — |
| Tennessee | 14 | 6.933% | $8,727 | — |
| Oklahoma | 13 | 6.625% | $7,429 | — |
| Georgia | 9 | 6.625% | $8,843 | — |
| Kentucky | 9 | 6.750% | $6,802 | — |
| South Carolina | 9 | 6.500% | $10,124 | — |
| Wisconsin | 9 | 6.750% | $6,671 | — |
| Minnesota | 7 | 6.500% | $8,935 | — |
| Washington | 7 | 6.625% | $10,108 | — |
| New Jersey | 6 | 6.688% | $10,652 | — |
| Missouri | 5 | 6.250% | $4,761 | — |
| West Virginia | 5 | 6.250% | $11,503 | — |
| Kansas | 3 | 7.250% | $9,069 | — |
| Louisiana | 3 | 7.250% | $6,498 | — |
| Virginia | 3 | 6.250% | $11,282 | — |
| Arkansas | 2 | 6.250% | $7,946 | — |
| Nevada | 2 | 6.688% | $6,681 | — |
| Maine | 1 | 5.875% | $17,184 | — |
| Mississippi | 1 | 6.990% | $12,041 | — |
| Utah | 1 | 5.375% | $12,272 | — |
| This lender | Michigan median | National median | |
|---|---|---|---|
| Total Closing Costs | $6,215 | $4,514 | $6,680 |
| Interest Rate | 6.875% | 6.620% | 6.490% |
| Originations in state | 348 | — | — |
Based on 2025 HMDA data. State and national medians cover all reporting lenders.
Peer set: the 50 highest-volume U.S. mortgage lenders in 2025 (min. 8,254 purchase originations).
| Metric | Michigan Mutual, Inc. | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $255,000 | $335,000 | −$80,000 (−23.9%) |
| Median total closing costs | $7,506 | $7,127 | +$379 (+5.3%) |