Paramount Bank closing costs and rates (2024)
In 2024, Paramount Bank originated 369 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $4,607. That is $2,134 below the national median of $6,741. Paramount Bank is most active in Missouri with 165 originations there.
Purchase Originations
369
Median Total Costs
$4,607
−31.7% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$1,295
Median Lender Credits
$91
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 276 | 6.625% | $4,042 | $1,295 |
| fha | 68 | 6.438% | $8,980 | $1,709 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Missouri | 165 | 6.875% | $3,784 | #66 |
| Illinois | 32 | 6.625% | $5,341 | — |
| North Carolina | 30 | 6.500% | $4,624 | — |
| Florida | 19 | 6.625% | $6,225 | — |
| South Carolina | 19 | 6.250% | $8,483 | — |
| California | 18 | 6.375% | $10,729 | — |
| Oregon | 12 | 6.250% | $10,457 | — |
| Virginia | 12 | 6.500% | $5,676 | — |
| Indiana | 9 | 6.750% | $4,270 | — |
| Maryland | 7 | 6.500% | $5,553 | — |
| Washington | 7 | 6.625% | $5,760 | — |
| Minnesota | 6 | 6.500% | $5,293 | — |
| Nevada | 5 | 6.250% | $4,237 | — |
| Wisconsin | 5 | 6.250% | $3,290 | — |
| Massachusetts | 4 | 6.500% | $12,607 | — |
| Texas | 4 | 6.750% | $6,054 | — |
| Alabama | 2 | 6.875% | $3,328 | — |
| Georgia | 2 | 6.875% | $4,512 | — |
| Michigan | 2 | 6.125% | $3,115 | — |
| Tennessee | 2 | 6.938% | $4,272 | — |
| Arkansas | 1 | 7.000% | $3,632 | — |
| Arizona | 1 | 6.875% | $5,209 | — |
| District of Columbia | 1 | 6.000% | $5,278 | — |
| Hawaii | 1 | 5.750% | $16,974 | — |
| New Jersey | 1 | 7.125% | $7,515 | — |
| New Mexico | 1 | 5.750% | $14,752 | — |
| Ohio | 1 | 6.125% | $6,130 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,559 | 6.875% | — | 17 | −$1,048 | |
| 2 | $3,581 | 7.000% | — | 3 | −$1,026 | |
| 3 | $3,620 | 6.500% | — | 11 | −$987 | |
| 4 | $3,712 | 6.875% | — | 29 | −$895 | |
| 5 | $3,817 | 6.875% | — | 92 | −$790 | |
| 6 | $3,883 | 6.688% | — | 10 | −$724 | |
| 7 | $4,172 | 6.188% | — | 4 | −$435 | |
| 8 | $4,550 | 6.625% | — | 5 | −$57 | |
| 9 | $4,920 | 7.000% | — | 3 | +$313 | |
| 10 | $5,612 | 6.125% | — | 4 | +$1,005 | |
| 11 | $6,068 | 6.688% | — | 4 | +$1,461 | |
| 12 | $6,168 | 6.500% | — | 4 | +$1,561 | |
| 13 | $6,356 | 6.625% | — | 3 | +$1,749 | |
| 14 | $6,387 | 6.625% | — | 3 | +$1,780 | |
| 15 | $6,523 | 6.625% | — | 6 | +$1,916 | |
| 16 | $7,049 | 6.750% | — | 6 | +$2,442 | |
| 17 | $7,093 | 6.375% | — | 9 | +$2,486 | |
| 18 | $8,381 | 6.500% | — | 3 | +$3,774 | |
| 19 | $10,642 | 6.062% | — | 12 | +$6,035 | |
| 20 | $13,965 | 6.250% | — | 3 | +$9,358 |
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.