Grade C · 1% of disclosures flagged for junk fees
Online Lender · Michigan · NMLS #1400062
Avg Closing Costs
$7,320
median across reports
vs. National Average
116%
above national avg
Avg Origination Charge
$6,391
Section A lender fee
Reports with Junk Fees
1%
of submitted reports
| Fee Category | This Lender (avg) | National Avg | Verdict |
|---|---|---|---|
| Origination Fee | $6,391 | $1,584 | 🔺 High |
| discount_points | $6,242 | $2,242 | 🔺 High |
| Title Insurance | $2,874 | $3,111 | 🟡 Average |
| Underwriting Fee | $1,352 | $1,473 | 🟡 Average |
| lender_credits | $1,348 | $428 | 🔺 High |
| Appraisal | $991 | $1,081 | 🟡 Average |
| Settlement/Closing Fee | $893 | $986 | 🟡 Average |
| Processing Fee | $707 | $790 | 🟢 Below Avg |
| Rate Lock Fee | $386 | $376 | 🟡 Average |
| Title Search | $362 | $392 | 🟡 Average |
| Recording Fee | $317 | $344 | 🟡 Average |
| Document Preparation | $194 | $147 | 🔴 Above Avg |
| Tax Service Fee | $117 | $128 | 🟡 Average |
| Credit Report | $64 | $69 | 🟡 Average |
| Wire Transfer Fee | $62 | $69 | 🟡 Average |
| Courier/Delivery | $54 | $58 | 🟡 Average |
| Flood Certification | $22 | $23 | 🟡 Average |
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Based on 301 homebuyer-submitted Closing Disclosures, Ally Bank's median total closing costs are $7,320. This is about 116% above the $3,383 national peer median for comparable lenders. Actual costs vary by loan type, loan amount, property state, and individual borrower profile. This data is informational only and not financial advice.
Are Closing Costs Negotiable?
Which fees you can push back on and how to do it.
What Are Junk Fees on a Mortgage?
Spot the charges that pad lender profits.
How to Read Your Closing Disclosure
Page-by-page walkthrough of the 5-page form.
Average Closing Costs by State
Benchmark your costs against the state average.
Closing Costs in Michigan
State-specific benchmarks for Michigan.
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Compare Ally Bank with another lender
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Aggregates from Ally Bank's 2025 HMDA filings — actual closed-loan figures reported to federal regulators, compared against the national median across all lenders.
Purchase Originations
206
Median Total Costs
$6,654
−0.4% vs national ($6,680)
Median Rate
6.500%
+0.1% vs national (6.490%)
Median Origination
$3,278
Median Lender Credits
$150
Denial Rate
9.1%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 206 | 6.500% | $6,654 | $3,278 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Texas | 16 | 6.375% | $9,558 | — |
| Florida | 15 | 6.750% | $6,026 | — |
| Illinois | 14 | 6.562% | $6,177 | — |
| California | 13 | 6.500% | $9,293 | — |
| North Carolina | 13 | 6.125% | $4,558 | — |
| New York | 11 | 6.375% | $5,363 | — |
| New Jersey | 10 | 6.375% | $12,308 | — |
| Pennsylvania | 9 | 6.875% | $6,210 | — |
| Indiana | 7 | 6.875% | $6,406 | — |
| Colorado | 6 | 6.688% | $2,712 | — |
| Minnesota | 6 | 6.500% | $3,977 | — |
| Tennessee | 6 | 6.875% | $3,447 | — |
| Washington | 6 | 6.500% | $9,935 | — |
| Massachusetts | 5 | 6.375% | $15,785 | — |
| Michigan | 5 | 6.375% | $5,685 | — |
| Ohio | 5 | 6.375% | $13,683 | — |
| Oklahoma | 5 | 6.250% | $8,379 | — |
| Virginia | 5 | 6.500% | $9,490 | — |
| Wisconsin | 5 | 6.375% | $7,295 | — |
| Connecticut | 4 | 6.812% | $5,470 | — |
| South Carolina | 4 | 6.312% | $2,968 | — |
| Alabama | 3 | 6.625% | $7,816 | — |
| Arizona | 3 | 6.500% | $10,071 | — |
| Georgia | 3 | 6.875% | $5,222 | — |
| New Mexico | 3 | 6.875% | $6,756 | — |
| Nevada | 3 | 6.250% | $9,193 | — |
| Kansas | 2 | 6.562% | $6,589 | — |
| Kentucky | 2 | 7.188% | $7,841 | — |
| Maryland | 2 | 6.312% | $8,774 | — |
| Maine | 2 | 7.000% | $2,994 | — |
| Montana | 2 | 7.188% | $3,562 | — |
| Vermont | 2 | 6.062% | $23,287 | — |
| West Virginia | 2 | 6.375% | $8,177 | — |
| Arkansas | 1 | 6.625% | $4,178 | — |
| Delaware | 1 | 5.000% | $17,612 | — |
| Missouri | 1 | 6.500% | $10,209 | — |
| Mississippi | 1 | 5.500% | $8,550 | — |
| Nebraska | 1 | 6.500% | $4,388 | — |
| South Dakota | 1 | 7.000% | $4,989 | — |
| Utah | 1 | 6.625% | $4,352 | — |
| This lender | Texas median | National median | |
|---|---|---|---|
| Total Closing Costs | $9,558 | $8,397 | $6,680 |
| Interest Rate | 6.375% | 6.250% | 6.490% |
| Originations in state | 16 | — | — |
Based on 2025 HMDA data. State and national medians cover all reporting lenders.
Peer set: the 50 highest-volume U.S. mortgage lenders in 2025 (min. 8,254 purchase originations).
| Metric | Ally Bank | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $345,000 | $335,000 | +$10,000 (+3.0%) |
| Median total closing costs | $6,654 | $7,127 | −$473 (−6.6%) |