Westfield Bank closing costs and rates (2024)
In 2024, Westfield Bank originated 290 purchase mortgages at a median interest rate of 6.25% and median total closing costs of $4,364. That is $2,377 below the national median of $6,741. Westfield Bank is most active in Massachusetts with 247 originations there.
Purchase Originations
290
Median Total Costs
$4,364
−35.3% vs national ($6,741)
Median Rate
6.250%
−5.6% vs national (6.620%)
Median Origination
$1,225
Median Lender Credits
$500
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 290 | 6.250% | $4,364 | $1,225 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Massachusetts | 247 | 6.250% | $4,336 | #45 |
| Connecticut | 41 | 6.375% | $4,549 | — |
| Rhode Island | 1 | 5.875% | $4,544 | — |
| Vermont | 1 | 6.750% | $4,371 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,540 | 6.750% | — | 1 | −$824 | |
| 2 | $3,583 | 6.125% | — | 3 | −$781 | |
| 3 | $3,719 | 6.500% | — | 3 | −$645 | |
| 4 | $4,266 | 6.250% | — | 218 | −$98 | |
| 5 | $4,356 | 6.125% | — | 3 | −$8 | |
| 6 | $4,371 | 6.750% | — | 1 | +$7 | |
| 7 | $4,475 | 6.438% | — | 4 | +$111 | |
| 8 | $4,492 | 6.500% | — | 36 | +$128 | |
| 9 | $4,544 | 5.875% | — | 1 | +$180 | |
| 10 | $4,728 | 6.250% | — | 17 | +$364 | |
| 11 | $5,315 | 6.625% | — | 1 | +$951 | |
| 12 | $6,522 | 5.938% | — | 2 | +$2,158 |
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.