Grade A · 0% of disclosures flagged for junk fees
Mortgage Company
Avg Closing Costs
$2,872
median across reports
vs. National Average
55%
below national avg
Avg Origination Charge
$1,942
Section A lender fee
Reports with Junk Fees
0%
of submitted reports
| Fee Category | This Lender (avg) | National Avg | Verdict |
|---|---|---|---|
| discount_points | $1,998 | $3,585 | 🟢 Below Avg |
| Origination Fee | $1,942 | $3,743 | 🟢 Below Avg |
| lender_credits | $1,249 | $1,150 | 🟡 Average |
Got a Loan Estimate from Shoreham Bank? See if your rate and fees are competitive.
Check My Loan Estimate — $19Based on 560 homebuyer-submitted Closing Disclosures, Shoreham Bank's median total closing costs are $2,872. This is about 55% 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?
Spot the charges that pad lender profits.
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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Compare Shoreham Bank with another lender
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Aggregates from Shoreham Bank's 2025 HMDA filings — actual closed-loan figures reported to federal regulators, compared against the national median across all lenders.
Purchase Originations
206
Median Total Costs
$5,289
−20.8% vs national ($6,680)
Median Rate
6.490%
+0.0% vs national (6.490%)
Median Origination
$1,675
Median Lender Credits
$500
Denial Rate
8.0%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 155 | 6.500% | $4,832 | $1,624 |
| fha | 41 | 6.250% | $12,766 | $2,214 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Rhode Island | 121 | 6.500% | $5,165 | #19 |
| Massachusetts | 45 | 6.490% | $5,084 | — |
| New Hampshire | 14 | 6.433% | $5,132 | — |
| Connecticut | 6 | 6.312% | $5,690 | — |
| Florida | 4 | 6.375% | $5,491 | — |
| Maine | 2 | 6.312% | $13,316 | — |
| Pennsylvania | 2 |
| This lender | Rhode Island median | National median | |
|---|---|---|---|
| Total Closing Costs | $5,165 | $5,735 | $6,680 |
| Interest Rate | 6.500% | 6.500% | 6.490% |
| Originations in state | 121 | — | — |
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 | Shoreham Bank | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $365,000 | $335,000 | +$30,000 (+9.0%) |
| Median total closing costs | $5,289 | $7,127 | −$1,838 (−25.8%) |
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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.
| 5.875% |
| $9,332 |
| — |
| California | 1 | 6.875% | $7,964 | — |
| Colorado | 1 | 6.250% | $11,340 | — |
| Indiana | 1 | 5.375% | $9,619 | — |
| Maryland | 1 | 5.490% | $10,415 | — |
| Michigan | 1 | 5.990% | $14,547 | — |
| Minnesota | 1 | 5.625% | $9,150 | — |
| New York | 1 | 6.000% | $5,705 | — |
| Ohio | 1 | 6.490% | $7,759 | — |
| Oklahoma | 1 | 5.990% | $5,816 | — |
| South Carolina | 1 | 6.375% | $3,446 | — |
| Tennessee | 1 | 6.990% | $13,291 | — |
| Virginia | 1 | 6.990% | $5,005 | — |