Loans Costs & Prices - ProMatcher Cost Report

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Loans Costs & Prices

We have collected data nationwide to help calculate the average cost of loans in the US. The following are average costs and prices reported back to us:

Cost of Commercial Loans

$1,620.61 fixed fee for closing costs (Range: $1,001.71 - $2,239.50)

2.44% for closing costs (Range: 1.22% - 3.66%)

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Cost of Residential Loans

$974.69 fixed fee for closing costs (Range: $680.62 - $1,268.76)

1.92% for closing costs (Range: 1.23% - 2.60%)

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Loans Cost Data

48723, Caro, Michigan - April 2, 2024

Commercial Loans

2.00 to 15.00 percent for closing costs
I get a small auto deducted percentage of the approved amount

Reported by:
Brian Koehler, Thumb Financial Services
See the Caro Loans Cost Report

93710, Fresno, California - May 20, 2025

Residential Loans

$1,500.00 to $4,000.00 fixed fee for closing costs
Loan costs are around $1,500 for Underwriting, Doc Fee, Credit, Processing, Flood Cert, etc. and $550-$700 for an Appraisal. A big cost when buying a home is starting the "escrow account" which is used to always pay your tax and insurance payments for you by including those costs in your monthly mortgage payment. This is optional when making a 10% downpayment on your property.

Reported by:
Ray Jones, OneRay - NEXA Mortgage | Fresno, CA
See the Fresno Loans Cost Report

13057, East Syracuse, New York - January 16, 2023

Commercial Loans

1.00 to 3.00 percent for closing costs

Reported by:
ProMatcher Research Team
See the East Syracuse Loans Cost Report

60532, Lisle, Illinois - April 8, 2024

Residential Loans

$1,295.00 to $3,000.00 fixed fee for closing costs

Reported by:
ProMatcher Research Team
See the Lisle Loans Cost Report

95008, Campbell, California - March 22, 2022

Commercial Loans

1.00 to 1.50 percent for closing costs
We primarily do not charge points. Depending upon the clients needs and wants we can make adjustments to our pricing to accommodate these for the client and provide the best structure to achieve these goals.

Reported by:
Chris Johnson, Affinity Mortgage
See the Campbell Loans Cost Report

06461, Milford, Connecticut - May 30, 2023

Residential Loans

1.00 to 5.00 percent for closing costs
The percentage above includes total closing cost, third-party fees depending on the product/loan type, etc. The best thing is always to have a conversation and discuss this, and at the time of application, we do send out a loan estimate and have everything broken down for you.

Reported by:
Nikitas Kouimanis, Total Mortgage Services LLC
See the Milford Loans Cost Report

90245, El Segundo, California - June 4, 2021

Commercial Loans

$4,000.00 to $8,000.00 fixed fee for closing costs
1.00 to 2.00 percent for closing costs
Every loan is different and the costs are always dependent on loan amount. However we always do whatever we can to limit cost of credit for our borrowers

Reported by:
Billy Florio, CrossCountry Mortgage - Billy Florio
See the El Segundo Loans Cost Report

48604, Saginaw, Michigan - April 5, 2023

Residential Loans

$485.00 fixed fee for closing costs
closing costs are generally third-party fees which vary depending on type of loan. Our fixed processing fee currently is $485. The remaining list of fees would be: closing fee, appraisal fee, credit report fee, tax service fee, title insurance and recording fees.

Reported by:
Dean Anderson, 1st State Bank
See the Saginaw Loans Cost Report

45040, Mason, Ohio - January 26, 2021

Commercial Loans

1.50 to 3.00 percent for closing costs
All cost except appraisals are paid at closing.

Reported by:
Jeff Hunter, Aletheia Management
See the Mason Loans Cost Report

90245, El Segundo, California - June 4, 2021

Residential Loans

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Disclaimer: Costs and prices shown on the ProMatcher site are intended to be used as general information, not as guaranteed estimates. To obtain cost information relevant to your project, request a quote or estimate from a local service provider.