North Easton Savings Bank Mortgage Rates, Fees & Info

South Easton, MA

LEI: 54930048J00QUF04FP72

Tax ID: 04-1677530

5 stars - Updated: 11/17/24 - out of 5 stars, based on 14 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    North Easton Savings Bank is a smaller bank specializing in Home Purchase loans. North Easton Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Providence, Barnstable Town, and Worcester among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    North Easton Savings Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. North Easton Savings 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 6.29% 11/17/24
    30 Year Conventional Refi 6.20% 11/17/24
    30 Year Cash-out Refi 6.47% 11/17/24
    15 Year Conventional Purchase 5.66% 11/17/24
    15 Year Conventional Refi 6.17% 11/17/24
    15 Year Cash-out Refi 6.17% 11/17/24
    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.

    North Easton Savings Bank Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from North Easton Savings 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

    194

    Origination Dollar Volume (All Markets)

    $72,480,000

    Awards

    North Easton Savings Bank 30 Year Conventional Loans gold North Easton Savings Bank 30 Year Conventional Loans silver North Easton Savings Bank 30 Year Conventional Loans gold
    Show all (3) awards

    Relative Rate

    North Easton Savings Bank's average 30 year fixed mortgage rate was 6.03%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of -0.45%.

    Relative Fees (Closing Costs)

    North Easton Savings Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $4,521.

    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 $9,089.

    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
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 137 $50,625,000 $369,526 $2,443 6.70%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 50 $18,110,000 $362,200 $2,295 6.55%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 6 $3,490,000 $581,667 $2,251 6.13%
    WORCESTER, MA-CT (FHA|USDA|VA) 1 $255,000 $255,000 $5,813 6.50%
    North Easton Savings Bank's top markets include Boston, Providence, Barnstable Town, and Worcester among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against North Easton Savings Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Charter Oak Federal Credit Union
    Similarity Rank: 32
    RTN FEDERAL CREDIT UNION
    Similarity Rank: 40
    OCEAN STATE CREDIT UNION
    Similarity Rank: 45
    SOMERSET
    Similarity Rank: 48
    FALL RIVER MUNICIPAL CREDIT UNION
    Similarity Rank: 135
    GREYLOCK
    Similarity Rank: 160
    Piscataqua Savings Bank
    Similarity Rank: 177
    Sharon & Crescent United Credit Union
    Similarity Rank: 180
    Cape Cod Co-operative Bank
    Similarity Rank: 195
    St. Mary's Credit Union
    Similarity Rank: 220

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 194 $72,480,000 $373,608 $2,417 6.64%

    For 2023, North Easton Savings Bank's most frequently originated type of loan was Conventional, with 194 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 91 $55,135,000 $605,879 $5,583 6.32%
    Home Improvement 48 $6,450,000 $134,375 $13 7.06%
    Other 25 $2,465,000 $98,600 $319 6.97%
    Cash Out Refi 20 $4,290,000 $214,500 $951 6.83%
    Refi 10 $4,140,000 $414,000 $1,597 6.37%

    For 2023, North Easton Savings Bank's most frequently cited loan purpose was Home Purchase, with 91 originations. The 2nd most popular reason was Home Improvement, with 48 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 61 $28,285,000 $463,689 $4,521 6.03%
    20 Year 49 $7,105,000 $145,000 $39 7.25%
    10 Year 31 $17,825,000 $575,000 $0 6.43%
    Other 20 $9,450,000 $472,500 $8,954 7.30%
    15 Year 10 $580,000 $58,000 $38 6.81%
    5 Year 10 $1,480,000 $148,000 $21 6.26%
    30+ year 9 $5,605,000 $622,778 $9,349 6.10%
    1 Year 4 $2,150,000 $537,500 $0 8.63%

    For 2023, North Easton Savings Bank's most frequently cited loan duration was 30 Year, with 61 originations. The 2nd most popular length was 20 Year, with 49 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 129 $28,525,000 $221,124
    $5k+ 10 $7,450,000 $745,000
    $3k-4k 4 $1,720,000 $430,000
    $4k-5k 3 $1,435,000 $478,333
    $1k-2k 1 $405,000 $405,000
    $2k-3k 1 $365,000 $365,000

    North Easton Savings Bank's average total fees were $4,521, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 129 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 76 $24,460,000 $321,842
    7-8% 52 $9,500,000 $182,692
    5-6% 47 $29,575,000 $629,255
    Over 8% 13 $5,775,000 $444,231
    4-5% 5 $2,515,000 $503,000
    3-4% 1 $655,000 $655,000

    During 2023, North Easton Savings Bank's average interest rate for loans was 6.03%, while their most frequently originated rate bucket for loans was 6-7%, with 76 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 58 $2,900,000 $50,000 $23 6.97%
    $200k-400k 46 $13,850,000 $301,087 $2,813 6.63%
    $400k-600k 34 $16,440,000 $483,529 $4,679 6.46%
    $100k-200k 26 $3,710,000 $142,692 $694 6.90%
    $600k-1MM 19 $14,565,000 $766,579 $9,507 5.72%
    $1MM+ 11 $21,015,000 $1,910,455 $4,693 6.51%

    2023 saw North Easton Savings Bank place emphasis on $100,000 or less loans with 58 originations, totaling $2,900,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 41 $9,435,000 $230,122 $1,995 6.69%
    $150k-250k 35 $9,955,000 $284,429 $2,679 6.53%
    $50k-75k 24 $3,130,000 $130,417 $1,472 6.60%
    $75k-100k 24 $4,510,000 $187,917 $1,300 6.69%
    $250k+ 23 $13,335,000 $579,783 $5,476 6.30%
    $50k or less 5 $555,000 $111,000 $1,197 6.40%

    North Easton Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 41 originations. The second most popular income band? $150k-250k, with 35 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 31 $9,415,000 $303,710 $2,826 6.39%
    20-30% 25 $6,755,000 $270,200 $1,635 6.48%
    44% 14 $2,680,000 $191,429 $2,147 7.02%
    43% 10 $1,770,000 $177,000 $1,235 7.09%
    <20% 9 $2,215,000 $246,111 $2,296 6.65%
    41% 9 $3,095,000 $343,889 $4,104 6.33%
    42% 8 $2,320,000 $290,000 $3,094 6.20%
    37% 7 $3,125,000 $446,429 $3,866 6.21%
    36% 6 $840,000 $140,000 $1,216 7.19%
    45% 6 $2,940,000 $490,000 $3,767 6.31%
    38% 5 $1,065,000 $213,000 $2,557 5.73%
    40% 5 $865,000 $173,000 $858 6.65%
    46% 5 $1,075,000 $215,000 $2,098 6.70%
    39% 3 $1,105,000 $368,333 $2,764 5.96%
    47% 3 $385,000 $128,333 $1,938 6.96%
    48% 2 $640,000 $320,000 $2,058 6.75%
    49% 2 $380,000 $190,000 $3,108 7.25%

    North Easton Savings Bank lent most frequently to those with DTI ratios of 30-36%, with 31 originations. The next most common DTI ratio? 20-30%, with 25 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 129 $32,505,000 $251,977 $2,141 6.61%
    Not applicable 41 $30,985,000 $755,732 $0 6.86%
    Not provided 13 $3,735,000 $287,308 $2,803 6.69%
    Asian 6 $2,410,000 $401,667 $4,894 5.94%
    Black 4 $2,040,000 $510,000 $4,084 6.81%
    Asian Indian 1 $805,000 $805,000 $12,752 4.63%

    Approval Rates

    Total approvals of all applications
    83.56%

    North Easton Savings Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    80.41%

    North Easton Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 194 $72,480,000 $373,608

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    194 $72,480,000 $373,608

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 25 $8,975,000 $359,000 $1,307 6.61%
    40-60% 28 $11,330,000 $404,643 $3,016 6.87%
    60-80% 40 $29,950,000 $748,750 $5,883 6.41%
    80-100% 32 $17,350,000 $542,188 $5,322 5.96%
    Under 20% 68 $4,540,000 $66,765 $30 7.02%