Navy Federal Credit Union vs Pennymac

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

Navy Federal Credit Union
A
Pennymac
A
Lowest Cost

Avg closing costs

$10,398

Junk fees

5% of reports

Pennymac

280 reports

A

Avg closing costs

$11,023

Junk fees

16% of reports

💡 Switching from Pennymac to Navy Federal Credit Union could save ~$626 in closing costs.

Fee-by-Fee Comparison

FeeNavy FederalPennymacNat. Avg
Courier/Delivery$38$41$58
Appraisal$688$744$1,065
Rate Lock Fee$388$347$347
Recording Fee$221$237$340
Flood Certification$15$16$23
Processing Fee$504$541$777
Origination Fee$6,296$6,840$7,829
Tax Service Fee$82$89$126
Title Search$250$273$388
Underwriting Fee$944$1,012$1,459
Credit Report$44$47$68
Document Preparation$162$147$164
Wire Transfer Fee$44$48$68
Settlement/Closing Fee$630$681$973
Title Insurance$2,502$2,758$3,110
Total (median)$10,398$11,023

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

Verdict

Navy Federal Credit Union has lower overall closing costs, with a median $626 less than Pennymac. 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 Pennymac. 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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