Capitol Bank Mortgage Rates, Fees & Info

Madison, WI

LEI: 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 5.81% 4/28/24
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

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Capitol Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

108

Origination Dollar Volume (All Markets)

$113,540,000

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%
Capitol Bank's top markets include Madison, Milwaukee, Akron, Janesville, and Baraboo among others.

Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 65 $59,905,000 $921,615 $1,948 5.38%
    Refi 27 $47,325,000 $1,752,778 $0 0.00%
    Cash Out Refi 10 $4,180,000 $418,000 $0 0.00%
    Other 4 $1,390,000 $347,500 $0 0.00%
    Home Improvement 2 $740,000 $370,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 40 $11,850,000 $296,250 $0 0.00%
    $400k-600k 21 $9,975,000 $475,000 $0 0.00%
    $600k-1MM 20 $13,840,000 $692,000 $0 0.00%
    $100k-200k 14 $2,090,000 $149,286 $1,948 5.38%
    $1MM+ 10 $75,580,000 $7,558,000 $0 0.00%
    $100,000 or less 3 $205,000 $68,333 $0 0.00%

    2022 saw Capitol Bank place emphasis on $200k-400k loans with 40 originations, totaling $11,850,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 27 $10,415,000 $385,741 $0 0.00%
    $250k+ 24 $13,640,000 $568,333 $0 0.00%
    $100k-150k 22 $6,740,000 $306,364 $0 0.00%
    $50k-75k 8 $1,740,000 $217,500 $1,948 5.38%
    $75k-100k 8 $2,540,000 $317,500 $0 0.00%
    $50k or less 3 $505,000 $168,333 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 16 $77,960,000 $4,872,500 $0 0.00%
    White 88 $33,560,000 $381,364 $1,948 5.38%
    Asian 3 $1,615,000 $538,333 $0 0.00%
    Black 1 $405,000 $405,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.46%

    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 origination
    81.48%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    108 $113,540,000 $1,051,296

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    60-80% 1 $185,000 $185,000 $1,948 5.38%