Studio Bank closing costs and rates (2024)
In 2024, Studio Bank originated 117 purchase mortgages at a median interest rate of 6.75% and median total closing costs of $4,822. That is $1,919 below the national median of $6,741. Studio Bank is most active in Tennessee with 110 originations there.
Purchase Originations
117
Median Total Costs
$4,822
−28.5% vs national ($6,741)
Median Rate
6.750%
+2.0% vs national (6.620%)
Median Origination
$1,399
Median Lender Credits
$29
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 98 | 6.990% | $4,217 | $1,399 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Tennessee | 110 | 6.750% | $4,880 | #119 |
| Florida | 2 | 6.438% | $7,601 | — |
| Alabama | 1 | 6.990% | $3,268 | — |
| California | 1 | 6.990% | $6,947 | — |
| North Carolina | 1 | 6.990% | $4,054 | — |
| South Carolina | 1 | 7.890% | $3,612 | — |
| Texas | 1 | 8.025% | $9,788 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,363 | 6.683% | — | 2 | −$2,459 | |
| 2 | $3,268 | 6.990% | — | 1 | −$1,554 | |
| 3 | $3,315 | 7.125% | — | 1 | −$1,507 | |
| 4 | $3,372 | 6.875% | — | 3 | −$1,450 | |
| 5 | $3,612 | 7.890% | — | 1 | −$1,210 | |
| 6 | $4,054 | 6.990% | — | 1 | −$768 | |
| 7 | $4,162 | 6.375% | — | 1 | −$660 | |
| 8 | $4,281 | 6.740% | — | 2 | −$541 | |
| 9 | $4,320 | 6.875% | — | 51 | −$502 | |
| 10 | $4,503 | 6.990% | — | 1 | −$319 | |
| 11 | $5,192 | 6.625% | — | 7 | +$370 | |
| 12 | $5,296 | 6.375% | — | 1 | +$474 | |
| 13 | $5,362 | 7.899% | — | 1 | +$540 | |
| 14 | $6,578 | 6.625% | — | 12 | +$1,756 | |
| 15 | $6,610 | 6.990% | — | 23 | +$1,788 | |
| 16 | $6,947 | 6.990% | — | 1 | +$2,125 | |
| 17 | $7,487 | 6.433% | — | 2 | +$2,665 | |
| 18 | $8,459 | 5.750% | — | 1 | +$3,637 | |
| 19 | $11,039 | 6.500% | — | 1 | +$6,217 | |
| 20 | $12,612 | 6.625% | — | 1 | +$7,790 |
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.