Bank of America vs Navy Federal Credit Union

Side-by-side fee breakdown based on verified closing cost data

Bank of America
A
Navy Federal Credit Union
A
Bank of America

270 reports

A

Avg closing costs

$11,671

Junk fees

30% of reports

Lowest Cost

Avg closing costs

$10,398

Junk fees

5% of reports

💡 Switching from Bank of America to Navy Federal Credit Union could save ~$1,274 in closing costs.

Fee-by-Fee Comparison

FeeBank ofNavy FederalNat. Avg
Courier/Delivery$44$38$58
Appraisal$794$688$1,065
Rate Lock Fee$360$388$347
Recording Fee$253$221$340
Flood Certification$18$15$23
Processing Fee$582$504$777
Origination Fee$7,197$6,296$7,829
Tax Service Fee$94$82$126
Title Search$291$250$388
Underwriting Fee$1,093$944$1,459
Credit Report$51$44$68
Document Preparation$170$162$164
Wire Transfer Fee$51$44$68
Settlement/Closing Fee$729$630$973
Title Insurance$2,856$2,502$3,110
Total (median)$11,671$10,398

🟢 Green = lowest for this fee · 🔴 Red = highest for this fee

Verdict

Navy Federal Credit Union has lower overall closing costs, with a median $1,274 less than Bank of America. The biggest differences are in Origination Fee (Navy Federal Credit Union is lower) and Title Insurance (Navy Federal Credit Union is lower). Navy Federal Credit Union has fewer junk fee reports (5%) compared to Bank of America. Compare their rate offers alongside these closing cost differences — a lower rate can offset higher fees over time. Upload your Closing Disclosure for a detailed, line-by-line audit.

This summary is generated from aggregate closing cost data. It is informational only and not financial advice.

Have a Closing Disclosure from Bank of America or Navy Federal Credit Union?

Upload it for a line-by-line audit — see exactly which fees are inflated and get a ready-to-send negotiation letter.

Get a detailed audit →