Grade A · 0% of disclosures flagged for junk fees
Online Lender · New York · NMLS #330511
Avg Closing Costs
$5,363
median across reports
vs. National Average
59%
above national avg
Avg Origination Charge
$4,661
Section A lender fee
Reports with Junk Fees
0%
of submitted reports
| Fee Category | This Lender (avg) | National Avg | Verdict |
|---|---|---|---|
| Origination Fee | $4,661 | $1,584 | 🔺 High |
| discount_points | $4,193 | $2,242 | 🔺 High |
| Title Insurance | $2,928 | $3,111 | 🟡 Average |
| lender_credits | $1,722 | $428 | 🔺 High |
| Underwriting Fee | $1,373 | $1,473 | 🟡 Average |
| Appraisal | $982 | $1,081 | 🟡 Average |
| Settlement/Closing Fee | $887 | $986 | 🟢 Below Avg |
| Processing Fee | $708 | $790 | 🟢 Below Avg |
| Title Search | $364 | $392 | 🟡 Average |
| Rate Lock Fee | $358 | $376 | 🟡 Average |
| Recording Fee | $308 | $344 | 🟢 Below Avg |
| Document Preparation | $152 | $147 | 🟡 Average |
| Tax Service Fee | $117 | $128 | 🟡 Average |
| Credit Report | $63 | $69 | 🟡 Average |
| Wire Transfer Fee | $61 | $69 | 🟢 Below Avg |
| Courier/Delivery | $53 | $58 | 🟡 Average |
| Flood Certification | $21 | $23 | 🟡 Average |
Got a Loan Estimate from Better Mortgage? See if your rate and fees are competitive.
Check My Loan Estimate — $19Based on 9,243 homebuyer-submitted Closing Disclosures, Better Mortgage's median total closing costs are $5,363. This is about 59% 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?
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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 New York
State-specific benchmarks for New York.
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Aggregates from Better Mortgage Corporation's 2025 HMDA filings — actual closed-loan figures reported to federal regulators, compared against the national median across all lenders.
Purchase Originations
4,924
Ranked #101 nationally
Median Total Costs
$7,021
+5.1% vs national ($6,680)
Median Rate
6.500%
+0.1% vs national (6.490%)
Median Origination
$2,981
Median Lender Credits
$579
Cost Rank (500+ vol.)
#370
among lenders with 500+ originations
Denial Rate
15.0%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 3,764 | 6.500% | $6,089 | $2,800 |
| fha | 910 | 6.250% | $11,349 | $3,264 |
| va | 250 | 6.375% | $9,099 | $3,633 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Texas | 619 | 6.490% | $7,941 | #99 |
| California | 541 | 6.625% | $8,920 | #72 |
| Florida | 330 | 6.375% | $7,709 | #117 |
| Oklahoma | 324 | 6.625% | $7,322 | #23 |
| Colorado | 226 | 6.125% | $9,037 | #73 |
| North Carolina | 198 | 6.375% | $5,343 | #106 |
| Oregon | 188 | 6.625% | $7,401 | #44 |
| Arkansas | 164 | 6.625% | $6,386 | #46 |
| New Jersey | 154 | 6.500% | $7,127 | #77 |
| Pennsylvania | 145 | 6.375% | $6,185 | #129 |
| Washington | 143 | 6.500% | $7,506 | #82 |
| Georgia | 140 | 6.250% | $7,081 | #120 |
| Illinois | 137 | 6.625% | $6,713 | #123 |
| Ohio | 122 | 6.500% | $6,656 | #118 |
| Utah | 116 | 6.625% | $6,730 | #52 |
| New York | 94 | 6.375% | $6,223 | #125 |
| Nevada | 89 | 6.500% | $7,686 | #66 |
| Michigan | 82 | 6.750% | $4,335 | #121 |
| Virginia | 76 | 6.375% | $6,124 | #146 |
| Vermont | 76 | 6.625% | $5,630 | #16 |
| Maryland | 73 | 6.490% | $6,459 | #115 |
| Tennessee | 71 | 6.500% | $5,580 | #155 |
| Arizona | 68 | 6.375% | $8,546 | #126 |
| Indiana | 58 | 6.375% | $5,215 | #165 |
| Iowa | 55 | 6.875% | $4,238 | #78 |
| Missouri | 55 | 6.375% | $4,742 | #139 |
| Wisconsin | 54 | 6.312% | $5,838 | #132 |
| Kansas | 49 | 6.625% | $4,864 | — |
| Alabama | 47 | 6.500% | $4,644 | — |
| New Mexico | 47 | 6.500% | $5,316 | — |
| Connecticut | 46 | 6.500% | $5,526 | — |
| South Carolina | 46 | 6.500% | $5,627 | — |
| Minnesota | 42 | 6.250% | $5,607 | — |
| Nebraska | 41 | 6.625% | $3,774 | — |
| Kentucky | 40 | 6.433% | $4,889 | — |
| Massachusetts | 36 | 6.500% | $5,966 | — |
| Idaho | 19 | 6.375% | $7,285 | — |
| Mississippi | 16 | 6.125% | $5,906 | — |
| New Hampshire | 15 | 6.375% | $5,156 | — |
| Louisiana | 14 | 6.438% | $8,060 | — |
| Maine | 10 | 6.375% | $5,842 | — |
| West Virginia | 10 | 6.500% | $7,000 | — |
| Montana | 9 | 6.875% | $11,088 | — |
| Delaware | 7 | 6.375% | $5,241 | — |
| Alaska | 6 | 6.625% | $4,781 | — |
| District of Columbia | 6 | 6.500% | $8,175 | — |
| Wyoming | 6 | 6.183% | $10,594 | — |
| Hawaii | 4 | 6.562% | $15,859 | — |
| South Dakota | 4 | 6.938% | $8,581 | — |
| North Dakota | 3 | 6.750% | $5,555 | — |
| Rhode Island | 3 | 5.625% | $4,278 | — |
| This lender | Texas median | National median | |
|---|---|---|---|
| Total Closing Costs | $7,941 | $8,397 | $6,680 |
| Interest Rate | 6.490% | 6.250% | 6.490% |
| Originations in state | 619 | — | — |
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 | Better Mortgage Corporation | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $375,000 | $335,000 | +$40,000 (+11.9%) |
| Median total closing costs | $7,021 | $7,127 | −$106 (−1.5%) |