Capitol Bank Mortgage Rates, Fees & Info
Madison, WILEI: 2549006SBIS8ROWE8X84
Tax ID: 39-1826700
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Mortgage Data
Review & Overview
Capitol 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 5.81% | 11/30/23 |
| 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. | ||
Capitol Bank Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
108Origination Dollar Volume (All Markets)
$113,540,000Relative Rate
Capitol Bank's average 30 year fixed mortgage rate was
5.38%.
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.
Top Markets
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% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 107 | $113,355,000 | $1,059,393 | $0 | 0.00% |
| Conventional | 1 | $185,000 | $185,000 | $1,948 | 5.38% |
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.
Loan Reason
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 Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 107 | $113,355,000 | $1,059,393 | $0 | 0.00% |
| 30 Year | 1 | $185,000 | $185,000 | $1,948 | 5.38% |
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 |
|---|---|---|---|
| $<1k | 1 | $185,000 | $185,000 |
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.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 1 | $185,000 | $185,000 |
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.
Loan Sizing
2022 saw Capitol Bank place emphasis on $200k-400k loans with 40 originations, totaling $11,850,000 in origination value.
Applicant Income
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 |
|---|---|---|---|---|---|
| Exempt% | 107 | $113,355,000 | $1,059,393 | $0 | 0.00% |
| 44% | 1 | $185,000 | $185,000 | $1,948 | 5.38% |
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.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.46%
Capitol Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination81.48%
Capitol Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 107 | $113,355,000 | $1,059,393 |
| NA | 1 | $185,000 | $185,000 |