National Bank of Commerce closing costs and rates (2024)
In 2024, National Bank of Commerce originated 103 purchase mortgages at a median interest rate of 6.50% and median total closing costs of $4,828. That is $1,913 below the national median of $6,741. National Bank of Commerce is most active in Minnesota with 64 originations there.
Purchase Originations
103
Median Total Costs
$4,828
−28.4% vs national ($6,741)
Median Rate
6.500%
−1.8% vs national (6.620%)
Median Origination
$2,554
Median Lender Credits
$150
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 103 | 6.500% | $4,828 | $2,554 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Minnesota | 64 | 6.500% | $5,380 | #110 |
| Wisconsin | 36 | 6.495% | $4,410 | — |
| Colorado | 1 | 7.590% | $3,170 | — |
| Florida | 1 | 5.990% | $3,895 | — |
| South Dakota | 1 | 6.250% | $8,470 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,772 | 6.375% | — | 1 | −$2,056 | |
| 2 | $3,170 | 7.590% | — | 1 | −$1,658 | |
| 3 | $3,419 | 6.000% | — | 1 | −$1,409 | |
| 4 | $3,758 | 6.000% | — | 1 | −$1,070 | |
| 5 | $3,895 | 5.990% | — | 1 | −$933 | |
| 6 | $4,268 | 6.250% | — | 1 | −$560 | |
| 7 | $4,300 | 6.390% | — | 1 | −$528 | |
| 8 | $4,468 | 6.500% | — | 33 | −$360 | |
| 9 | $4,882 | 6.625% | — | 41 | +$54 | |
| 10 | $5,059 | 7.290% | — | 3 | +$231 | |
| 11 | $5,746 | 6.375% | — | 3 | +$918 | |
| 12 | $5,802 | 6.438% | — | 2 | +$974 | |
| 13 | $5,882 | 6.433% | — | 2 | +$1,054 | |
| 14 | $5,909 | 6.990% | — | 1 | +$1,081 | |
| 15 | $6,350 | 6.938% | — | 6 | +$1,522 | |
| 16 | $7,080 | 6.375% | — | 2 | +$2,252 | |
| 17 | $7,101 | 6.990% | — | 1 | +$2,273 | |
| 18 | $7,225 | 5.875% | — | 1 | +$2,397 | |
| 19 | $8,470 | 6.250% | — | 1 | +$3,642 |
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.