Royal Business Bank closing costs and rates (2024)
In 2024, Royal Business Bank originated 242 purchase mortgages at a median interest rate of 7.12% and median total closing costs of $8,148. That is $1,407 above the national median of $6,741. Royal Business Bank is most active in New York with 138 originations there.
Purchase Originations
242
Median Total Costs
$8,148
+20.9% vs national ($6,741)
Median Rate
7.125%
+7.6% vs national (6.620%)
Median Origination
$3,320
Median Lender Credits
$282
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 242 | 7.125% | $8,148 | $3,320 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| New York | 138 | 7.000% | $7,184 | #106 |
| California | 65 | 7.250% | $13,371 | #240 |
| Illinois | 24 | 7.125% | $6,601 | — |
| New Jersey | 9 | 7.125% | $6,492 | — |
| Nevada | 4 | 7.188% | $10,380 | — |
| Hawaii | 2 | 6.875% | $16,102 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $6,007 | 7.000% | — | 4 | −$2,141 | |
| 2 | $6,748 | 7.000% | — | 43 | −$1,400 | |
| 3 | $7,008 | 7.250% | — | 19 | −$1,140 | |
| 4 | $7,019 | 6.938% | — | 16 | −$1,129 | |
| 5 | $7,223 | 6.875% | — | 62 | −$925 | |
| 6 | $7,621 | 7.000% | — | 11 | −$527 | |
| 7 | $8,668 | 7.250% | — | 2 | +$520 | |
| 8 | $9,930 | 7.250% | — | 3 | +$1,782 | |
| 9 | $10,336 | 7.125% | — | 1 | +$2,188 | |
| 10 | $11,970 | 6.750% | — | 1 | +$3,822 | |
| 11 | $12,189 | 7.125% | — | 7 | +$4,041 | |
| 12 | $12,692 | 7.250% | — | 21 | +$4,544 | |
| 13 | $13,239 | 7.438% | — | 2 | +$5,091 | |
| 14 | $14,820 | 7.250% | — | 5 | +$6,672 | |
| 15 | $14,950 | 7.250% | — | 3 | +$6,802 | |
| 16 | $16,102 | 6.875% | — | 2 | +$7,954 | |
| 17 | $16,864 | 7.312% | — | 10 | +$8,716 | |
| 18 | $19,982 | 7.125% | — | 7 | +$11,834 | |
| 19 | $26,518 | 7.438% | — | 2 | +$18,370 | |
| 20 | $37,076 | 7.062% | — | 2 | +$28,928 |
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.