Grade A · 1% of disclosures flagged for junk fees
Bank · Arkansas · NMLS #400267
Avg Closing Costs
$4,264
median across reports
vs. National Average
26%
above national avg
Avg Origination Charge
$2,146
Section A lender fee
Reports with Junk Fees
1%
of submitted reports
| Fee Category | This Lender (avg) | National Avg | Verdict |
|---|---|---|---|
| Title Insurance | $3,042 | $3,111 | 🟡 Average |
| Origination Fee | $2,146 | $1,584 | 🔴 Above Avg |
| discount_points | $1,810 | $2,242 | 🟢 Below Avg |
| Underwriting Fee | $1,422 | $1,473 | 🟡 Average |
| Appraisal | $1,017 | $1,081 | 🟡 Average |
| Settlement/Closing Fee | $922 | $986 | 🟡 Average |
| Processing Fee | $755 | $790 | 🟡 Average |
| Title Search | $372 | $392 | 🟡 Average |
| Recording Fee | $328 | $344 | 🟡 Average |
| Rate Lock Fee | $315 | $376 | 🟢 Below Avg |
| Document Preparation | $172 | $147 | 🔴 Above Avg |
| lender_credits | $164 | $428 | 🟢 Below Avg |
| Tax Service Fee | $123 | $128 | 🟡 Average |
| Wire Transfer Fee | $66 | $69 | 🟡 Average |
| Credit Report | $65 | $69 | 🟡 Average |
| Courier/Delivery | $56 | $58 | 🟡 Average |
| Flood Certification | $23 | $23 | 🟡 Average |
Got a Loan Estimate from Simmons Bank? See if your rate and fees are competitive.
Check My Loan Estimate — $19Based on 1,438 homebuyer-submitted Closing Disclosures, Simmons Bank's median total closing costs are $4,264. This is about 26% above the $3,383 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.
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What Are Junk Fees on a Mortgage?
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How to Read Your Closing Disclosure
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Average Closing Costs by State
Benchmark your costs against the state average.
Closing Costs in Arkansas
State-specific benchmarks for Arkansas.
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Aggregates from Simmons Bank's 2025 HMDA filings — actual closed-loan figures reported to federal regulators, compared against the national median across all lenders.
Purchase Originations
954
Ranked #393 nationally
Median Total Costs
$4,689
−29.8% vs national ($6,680)
Median Rate
6.500%
+0.1% vs national (6.490%)
Median Origination
$1,335
Median Lender Credits
$50
Cost Rank (500+ vol.)
#165
among lenders with 500+ originations
Denial Rate
13.8%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 630 | 6.750% | $3,993 | $1,335 |
| fha | 241 | 6.125% | $8,104 | $1,735 |
| usda | 55 | 6.250% | $4,921 | $1,335 |
| va | 28 | 6.250% | $3,018 | $1,335 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Arkansas | 369 | 6.375% | $4,302 | #18 |
| Tennessee | 230 | 6.500% | $5,310 | #71 |
| Texas | 117 | 6.750% | $7,080 | #263 |
| Oklahoma | 112 | 6.438% | $5,058 | #64 |
| Missouri | 79 | 6.625% | $3,368 | #112 |
| Kansas | 21 | 6.625% | $3,719 | — |
| Mississippi | 9 | 6.500% | $5,778 | — |
| Georgia | 3 | 6.500% | $3,699 | — |
| Kentucky | 3 | 6.375% | $4,946 | — |
| Alabama | 2 | 6.375% | $6,171 | — |
| Florida | 2 | 6.688% | $13,564 | — |
| Minnesota | 2 | 6.250% | $6,059 | — |
| Colorado | 1 | 6.750% | $2,776 | — |
| Louisiana | 1 | 6.625% | $3,801 | — |
| Michigan | 1 | 6.500% | $3,801 | — |
| Nevada | 1 | 7.250% | $7,856 | — |
| South Carolina | 1 | 6.750% | $5,133 | — |
| This lender | Arkansas median | National median | |
|---|---|---|---|
| Total Closing Costs | $4,302 | $5,115 | $6,680 |
| Interest Rate | 6.375% | 6.490% | 6.490% |
| Originations in state | 369 | — | — |
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 | Simmons Bank | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $225,000 | $335,000 | −$110,000 (−32.8%) |
| Median total closing costs | $4,689 | $7,127 | −$2,438 (−34.2%) |