Grade F · 0% of disclosures flagged for junk fees
Mortgage Company · California · NMLS #3199
Avg Closing Costs
$10,531
median across reports
vs. National Average
211%
above national avg
Avg Origination Charge
$6,168
Section A lender fee
Reports with Junk Fees
0%
of submitted reports
| Fee Category | This Lender (avg) | National Avg | Verdict |
|---|---|---|---|
| Origination Fee | $6,168 | $1,584 | 🔺 High |
| discount_points | $5,848 | $2,242 | 🔺 High |
| Title Insurance | $3,184 | $3,111 | 🟡 Average |
| Underwriting Fee | $1,545 | $1,473 | 🟡 Average |
| lender_credits | $1,408 | $428 | 🔺 High |
| Appraisal | $1,107 | $1,081 | 🟡 Average |
| Settlement/Closing Fee | $1,019 | $986 | 🟡 Average |
| Processing Fee | $825 | $790 | 🟡 Average |
| Title Search | $413 | $392 | 🟡 Average |
| Recording Fee | $361 | $344 | 🟡 Average |
| Rate Lock Fee | $352 | $376 | 🟡 Average |
| Document Preparation | $152 | $147 | 🟡 Average |
| Tax Service Fee | $135 | $128 | 🟡 Average |
| Credit Report | $72 | $69 | 🟡 Average |
| Wire Transfer Fee | $71 | $69 | 🟡 Average |
| Courier/Delivery | $62 | $58 | 🟡 Average |
| Flood Certification | $25 | $23 | 🟡 Average |
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Based on 4,613 homebuyer-submitted Closing Disclosures, Summit Funding's median total closing costs are $10,531. This is about 211% 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.
Are Closing Costs Negotiable?
Which fees you can push back on and how to do it.
What Are Junk Fees on a Mortgage?
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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.
Closing Costs in California
State-specific benchmarks for California.
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Compare Summit Funding with another lender
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Aggregates from Summit Funding, Inc.'s 2025 HMDA filings — actual closed-loan figures reported to federal regulators, compared against the national median across all lenders.
Purchase Originations
3,790
Ranked #133 nationally
Median Total Costs
$10,925
+63.5% vs national ($6,680)
Median Rate
6.625%
+2.1% vs national (6.490%)
Median Origination
$5,156
Median Lender Credits
$750
Cost Rank (500+ vol.)
#564
among lenders with 500+ originations
Denial Rate
4.1%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 2,135 | 6.875% | $8,658 | $5,090 |
| fha | 1,296 | 6.500% | $14,397 | $5,165 |
| va | 345 | 6.375% | $11,597 | $5,690 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Oregon | 639 | 6.625% | $12,969 | #13 |
| California | 542 | 6.625% | $12,922 | #71 |
| Texas | 303 | 6.500% | $11,568 | #154 |
| Tennessee | 275 | 6.625% | $9,903 | #60 |
| Georgia | 260 | 6.625% | $11,001 | #83 |
| Missouri | 200 | 6.875% | $4,266 | #57 |
| Illinois | 192 | 6.990% | $7,445 | #102 |
| Washington | 182 | 6.781% | $12,664 | #67 |
| Nevada | 165 | 6.500% | $13,025 | #45 |
| Florida | 152 | 6.750% | $10,616 | #189 |
| Idaho | 145 | 6.250% | $13,407 | #37 |
| Kansas | 137 | 6.875% | $3,852 | #51 |
| Colorado | 112 | 6.750% | $10,650 | #101 |
| Arizona | 110 | 6.750% | $10,308 | #96 |
| Virginia | 107 | 6.375% | $11,809 | #123 |
| North Carolina | 63 | 6.625% | $8,182 | #183 |
| Louisiana | 42 | 6.670% | $9,495 | — |
| Pennsylvania | 28 | 6.875% | $8,834 | — |
| New Mexico | 27 | 6.875% | $7,573 | — |
| South Carolina | 17 | 6.625% | $8,054 | — |
| Massachusetts | 16 | 7.062% | $10,902 | — |
| Hawaii | 11 | 7.500% | $12,412 | — |
| Alabama | 9 | 6.500% | $7,601 | — |
| Maryland | 7 | 6.375% | $15,267 | — |
| Michigan | 7 | 6.990% | $5,489 | — |
| Rhode Island | 7 | 6.750% | $11,548 | — |
| Wisconsin | 6 | 6.933% | $5,358 | — |
| Delaware | 5 | 6.500% | $14,944 | — |
| Indiana | 5 | 7.250% | $5,642 | — |
| Oklahoma | 4 | 6.562% | $12,358 | — |
| New Jersey | 3 | 6.990% | $11,083 | — |
| Wyoming | 3 | 6.500% | $22,138 | — |
| Connecticut | 2 | 7.312% | $9,821 | — |
| Minnesota | 2 | 6.812% | $6,306 | — |
| Arkansas | 1 | 6.500% | $21,818 | — |
| Mississippi | 1 | 6.750% | $6,816 | — |
| Montana | 1 | 6.625% | $6,204 | — |
| Ohio | 1 | 7.625% | $3,406 | — |
| Utah | 1 | 6.500% | $10,237 | — |
| This lender | Oregon median | National median | |
|---|---|---|---|
| Total Closing Costs | $12,969 | $7,860 | $6,680 |
| Interest Rate | 6.625% | 6.500% | 6.490% |
| Originations in state | 639 | — | — |
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 | Summit Funding, Inc. | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $345,000 | $335,000 | +$10,000 (+3.0%) |
| Median total closing costs | $10,925 | $7,127 | +$3,798 (+53.3%) |