The Washington Trust Company, of Westerly closing costs and rates (2024)
In 2024, The Washington Trust Company, of Westerly originated 400 purchase mortgages at a median interest rate of 6.38% and median total closing costs of $4,589. That is $2,152 below the national median of $6,741. The Washington Trust Company, of Westerly is most active in Rhode Island with 345 originations there.
Purchase Originations
400
Median Total Costs
$4,589
−31.9% vs national ($6,741)
Median Rate
6.375%
−3.7% vs national (6.620%)
Median Origination
$1,499
Median Lender Credits
$42
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 303 | 6.500% | $4,354 | $1,499 |
| fha | 85 | 6.125% | $12,549 | $1,499 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Rhode Island | 345 | 6.375% | $4,462 | #3 |
| Massachusetts | 35 | 6.125% | $13,615 | — |
| Connecticut | 20 | 6.562% | $4,906 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,128 | 7.062% | — | 2 | −$461 | |
| 2 | $4,232 | 6.490% | — | 3 | −$357 | |
| 3 | $4,333 | 6.624% | — | 66 | −$256 | |
| 4 | $4,409 | 6.000% | — | 196 | −$180 | |
| 5 | $4,627 | 6.874% | — | 10 | +$38 | |
| 6 | $4,906 | 6.438% | — | 10 | +$317 | |
| 7 | $4,931 | 6.375% | — | 70 | +$342 | |
| 8 | $4,935 | 6.433% | — | 6 | +$346 | |
| 9 | $5,155 | 6.688% | — | 2 | +$566 | |
| 10 | $6,104 | 7.250% | — | 1 | +$1,515 | |
| 11 | $6,227 | 6.624% | — | 1 | +$1,638 | |
| 12 | $9,970 | 6.125% | — | 7 | +$5,381 | |
| 13 | $10,068 | 6.812% | — | 2 | +$5,479 | |
| 14 | $13,540 | 6.312% | — | 4 | +$8,951 | |
| 15 | $15,109 | 6.125% | — | 3 | +$10,520 | |
| 16 | $15,145 | 6.058% | — | 2 | +$10,556 | |
| 17 | $16,179 | 5.812% | — | 12 | +$11,590 | |
| 18 | $16,318 | 6.750% | — | 2 | +$11,729 | |
| 19 | $17,911 | 6.125% | — | 1 | +$13,322 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2024. Sorted by median total loan costs.
Found your lender? Make sure their quote is fair.
HMDA data shows industry-wide medians. Your actual quote may differ. Upload your Closing Disclosure or Loan Estimate to see exactly where your fees stand — and get a ready-to-send negotiation email.
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.