loanDepot vs Guaranteed Rate

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

loanDepot
A
Guaranteed Rate
A
loanDepot

266 reports

A

Avg closing costs

$13,758

Junk fees

39% of reports

Lowest Cost
Guaranteed Rate

272 reports

A

Avg closing costs

$12,913

Junk fees

27% of reports

💡 Switching from loanDepot to Guaranteed Rate could save ~$846 in closing costs.

Fee-by-Fee Comparison

FeeloanDepotGuaranteed RateNat. Avg
Courier/Delivery$50$46$58
Appraisal$914$852$1,065
Rate Lock Fee$359$370$347
Recording Fee$292$271$340
Flood Certification$20$19$23
Processing Fee$666$621$777
Origination Fee$8,358$7,873$7,829
Tax Service Fee$109$102$126
Title Search$335$306$388
Underwriting Fee$1,253$1,171$1,459
Credit Report$58$55$68
Document Preparation$163$158$164
Wire Transfer Fee$59$54$68
Settlement/Closing Fee$833$773$973
Title Insurance$3,310$3,174$3,110
Total (median)$13,758$12,913

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

Verdict

Guaranteed Rate has lower overall closing costs, with a median $846 less than loanDepot. The biggest differences are in Origination Fee (Guaranteed Rate is lower) and Title Insurance (Guaranteed Rate is lower). Guaranteed Rate has fewer junk fee reports (27%) compared to loanDepot. 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.

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