Grade A · 0% of disclosures flagged for junk fees
Mortgage Company
Avg Closing Costs
$5,618
median across reports
vs. National Average
13%
below national avg
Avg Origination Charge
$2,474
Section A lender fee
Reports with Junk Fees
0%
of submitted reports
| Fee Category | This Lender (avg) | National Avg | Verdict |
|---|---|---|---|
| discount_points | $2,972 | $3,585 | 🟢 Below Avg |
| Origination Fee | $2,474 | $3,743 | 🟢 Below Avg |
| lender_credits | $2,068 | $1,150 | 🔺 High |
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Based on 4,972 homebuyer-submitted Closing Disclosures, BMO Bank National Association's median total closing costs are $5,618. This is about 13% below the $6,435 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?
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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.
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Aggregates from BMO Bank National Association's 2025 HMDA filings — actual closed-loan figures reported to federal regulators, compared against the national median across all lenders.
Purchase Originations
3,241
Ranked #151 nationally
Median Total Costs
$6,548
−2.0% vs national ($6,680)
Median Rate
6.375%
−1.8% vs national (6.490%)
Median Origination
$1,250
Median Lender Credits
$1,000
Cost Rank (500+ vol.)
#325
among lenders with 500+ originations
Denial Rate
16.5%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 3,025 | 6.375% | $6,321 | $1,250 |
| fha | 207 | 6.500% | $10,609 | $1,576 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| California | 1,193 | 6.125% | $8,184 | #34 |
| Illinois | 481 | 6.625% | $6,645 | #47 |
| Wisconsin | 345 | 6.625% | $3,445 | #36 |
| Colorado | 212 | 6.375% | $4,560 | #77 |
| Arizona | 202 | 6.375% | $7,606 | #66 |
| Washington | 101 | 6.500% | $5,822 | #110 |
| Indiana | 96 |
| This lender | California median | National median | |
|---|---|---|---|
| Total Closing Costs | $8,184 | $9,309 | $6,680 |
| Interest Rate | 6.125% | 6.380% | 6.490% |
| Originations in state | 1,193 | — | — |
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 | BMO Bank National Association | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $635,000 | $335,000 | +$300,000 (+89.6%) |
| Median total closing costs | $6,548 | $7,127 | −$579 (−8.1%) |
Popular Refinance Pages
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This content is for informational purposes only and does not constitute legal, financial, or tax advice. Consult a licensed professional for advice specific to your situation.
| 6.625% |
| $3,470 |
| #132 |
| Oregon | 69 | 6.375% | $6,942 | #83 |
| Minnesota | 66 | 6.688% | $4,416 | #115 |
| Florida | 63 | 6.375% | $8,250 | #291 |
| Nebraska | 46 | 6.750% | $3,602 | — |
| Utah | 45 | 6.625% | $5,347 | — |
| Missouri | 41 | 6.500% | $4,623 | — |
| Nevada | 33 | 6.500% | $6,794 | — |
| Kansas | 31 | 6.500% | $4,171 | — |
| Texas | 24 | 6.250% | $9,608 | — |
| New Mexico | 23 | 6.875% | $5,591 | — |
| Wyoming | 19 | 6.625% | $4,073 | — |
| Iowa | 18 | 6.688% | $3,860 | — |
| New York | 14 | 5.375% | $7,812 | — |
| Oklahoma | 11 | 6.625% | $5,796 | — |
| South Dakota | 11 | 6.500% | $3,916 | — |
| Idaho | 9 | 6.250% | $8,341 | — |
| Virginia | 9 | 5.875% | $6,078 | — |
| Massachusetts | 7 | 6.125% | $8,899 | — |
| North Carolina | 7 | 6.250% | $4,562 | — |
| North Dakota | 7 | 6.500% | $4,212 | — |
| New Jersey | 7 | 6.500% | $7,600 | — |
| Tennessee | 7 | 6.625% | $3,250 | — |
| Ohio | 6 | 6.750% | $3,930 | — |
| Michigan | 5 | 6.375% | $4,570 | — |
| Maryland | 4 | 6.375% | $8,350 | — |
| South Carolina | 4 | 6.438% | $8,738 | — |
| Georgia | 3 | 6.250% | $4,729 | — |
| Mississippi | 3 | 5.750% | $5,879 | — |
| Montana | 3 | 5.750% | $6,231 | — |
| Pennsylvania | 3 | 6.500% | $7,782 | — |
| Arkansas | 2 | 6.812% | $3,794 | — |
| Maine | 2 | 7.000% | $5,681 | — |
| Alaska | 1 | 6.625% | $6,007 | — |
| Alabama | 1 | 5.500% | $5,067 | — |
| Connecticut | 1 | 7.375% | $10,955 | — |
| Hawaii | 1 | 6.500% | $7,573 | — |
| Kentucky | 1 | 6.750% | $10,680 | — |
| Louisiana | 1 | 5.625% | $8,053 | — |
| New Hampshire | 1 | 5.625% | $5,647 | — |
| Rhode Island | 1 | 6.375% | $7,127 | — |
| Vermont | 1 | 6.500% | $4,522 | — |