Capitol Bank Mortgage Rates, Fees & InfoMadison, WI
Tax ID: 39-1826700
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewCapitol Bank is a smaller bank specializing in Home Purchase and Refi loans. Capitol Bank has a high proportion of conventional loans. Capitol Bank has a low ratio of conventional loans.Their top markets by origination volume include: Madison, Milwaukee, Akron, Janesville, and Baraboo among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)
Capitol Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Capitol Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||5.81%||3/28/23|
|These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.|
Origination Dollar Volume (All Markets)$113,540,000
Capitol Bank's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.62%.
Relative Fees (Closing Costs)
Capitol Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $1,948.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
|Market||Originations||Total Value||Average Loan||Average Fees||Average Rate|
|MADISON, WI (FHA|USDA|VA)||79||$77,665,000||$983,101||$1,948||5.38%|
|MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA)||8||$14,520,000||$1,815,000||$0||0.00%|
|AKRON, OH (FHA|USDA|VA)||1||$7,505,000||$7,505,000||$0||0.00%|
|JANESVILLE-BELOIT, WI (FHA|USDA|VA)||5||$7,275,000||$1,455,000||$0||0.00%|
|Outside of Metro Areas||4||$2,040,000||$510,000||$0||0.00%|
|Baraboo, WI (FHA|USDA|VA)||1||$1,385,000||$1,385,000||$0||0.00%|
|Manitowoc, WI (FHA|USDA|VA)||1||$805,000||$805,000||$0||0.00%|
|WAUSAU-WESTON, WI (FHA|USDA|VA)||1||$565,000||$565,000||$0||0.00%|
|Platteville, WI (FHA|USDA|VA)||2||$440,000||$220,000||$0||0.00%|
|RACINE, WI (FHA|USDA|VA)||1||$305,000||$305,000||$0||0.00%|
|Marinette, WI-MI (FHA|USDA|VA)||1||$285,000||$285,000||$0||0.00%|
|PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA)||1||$255,000||$255,000||$0||0.00%|
|Whitewater, WI (FHA|USDA|VA)||1||$235,000||$235,000||$0||0.00%|
|FOND DU LAC, WI (FHA|USDA|VA)||1||$145,000||$145,000||$0||0.00%|
|APPLETON, WI (FHA|USDA|VA)||1||$115,000||$115,000||$0||0.00%|
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Capitol Bank's most frequently originated type of loan was Conventional, with 107 originations. Their 2nd most popular type was Conventional, with 1 originations.
For 2022, Capitol Bank's most frequently cited loan purpose was Home Purchase, with 65 originations. The 2nd most popular reason was Refi, with 27 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2022, Capitol Bank's most frequently cited loan duration was Other, with 107 originations. The 2nd most popular length was 30 Year, with 1 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Capitol Bank's average total fees were $1,948, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2022, Capitol Bank's average interest rate for loans was 5.38%, while their most frequently originated rate bucket for loans was 5-6%, with 1 originations.
2022 saw Capitol Bank place emphasis on $200k-400k loans with 40 originations, totaling $11,850,000 in origination value.
Capitol Bank lent most frequently to those with incomes in the $150k-250k range, with 27 originations. The second most popular income band? $250k+, with 24 originations.
Applicant Debt to Income Ratio
|DTI Ratio||Originations||Total Value||Average Loan||Average Fees||Average Rate|
Capitol Bank lent most frequently to those with DTI ratios of Exempt%, with 107 originations. The next most common DTI ratio? 44%, with 1 originations.
|Applicant Ethnicity||Originations||Total Value||Average Loan||Average Fees||Average Rate|
Approval RatesTotal approvals of all applications
Capitol Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick RateApprovals leading to origination
Capitol Bank has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|