The Bank of Canton closing costs and rates (2024)
In 2024, The Bank of Canton originated 157 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $4,285. That is $2,456 below the national median of $6,741. The Bank of Canton is most active in Massachusetts with 151 originations there.
Purchase Originations
157
Median Total Costs
$4,285
−36.4% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$1,195
Median Lender Credits
$454
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 157 | 6.625% | $4,285 | $1,195 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Massachusetts | 151 | 6.625% | $4,285 | #66 |
| Rhode Island | 2 | 6.808% | $5,053 | — |
| Florida | 1 | 6.875% | $3,990 | — |
| Maryland | 1 | 6.125% | $4,848 | — |
| New Hampshire | 1 | 6.875% | $3,607 | — |
| Vermont | 1 | 5.625% | $5,049 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,607 | 6.875% | — | 1 | −$678 | |
| 2 | $3,990 | 6.624% | — | 31 | −$295 | |
| 3 | $3,990 | 6.875% | — | 1 | −$295 | |
| 4 | $4,079 | 6.490% | — | 1 | −$206 | |
| 5 | $4,084 | 6.557% | — | 8 | −$201 | |
| 6 | $4,108 | 6.875% | — | 3 | −$177 | |
| 7 | $4,199 | 6.490% | — | 5 | −$86 | |
| 8 | $4,234 | 6.624% | — | 16 | −$51 | |
| 9 | $4,275 | 6.625% | — | 9 | −$10 | |
| 10 | $4,334 | 6.500% | — | 50 | +$49 | |
| 11 | $4,848 | 6.125% | — | 1 | +$563 | |
| 12 | $4,880 | 6.875% | — | 29 | +$595 | |
| 13 | $5,049 | 5.625% | — | 1 | +$764 | |
| 14 | $6,027 | 7.125% | — | 1 | +$1,742 |
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.