The Bank Of Missouri Mortgage Rates, Fees & Info

Perryville, MO

LEI: 549300JE6M4A1G4LPS75

Tax ID: 43-0170190

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    The Bank Of Missouri is a smaller bank specializing in Home Purchase and Refi loans. The Bank Of Missouri has a high proportion of conventional loans. The Bank Of Missouri has an average proportion of conventional loans. Their top markets by origination volume include: Springfield, Cape Girardeau, Tucson, Columbia, and Fayetteville among others. We have data for 47 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Bank Of Missouri 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. The Bank Of Missouri 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 about average 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.90% 4/28/24
    30 Year Conventional Refi 6.77% 4/28/24
    30 Year Cash-out Refi 6.98% 4/28/24
    30 Year FHA Purchase 6.27% 4/28/24
    30 Year FHA Refi 6.27% 4/28/24
    30 Year VA Purchase 6.27% 4/28/24
    30 Year USDA Purchase 6.27% 4/28/24
    15 Year Conventional Purchase 5.99% 4/28/24
    15 Year Conventional Refi 6.28% 4/28/24
    15 Year Cash-out Refi 6.28% 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.

    The Bank Of Missouri Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from The Bank Of Missouri. 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

    1,098

    Origination Dollar Volume (All Markets)

    $298,140,000
    Show all (13) awards

    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
    SPRINGFIELD, MO (FHA|USDA|VA) 279 $77,045,000 $276,147 $2,531 4.28%
    CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 213 $44,895,000 $210,775 $2,441 4.34%
    TUCSON, AZ (FHA|USDA|VA) 1 $42,125,000 $42,125,000 $0 5.61%
    COLUMBIA, MO (FHA|USDA|VA) 117 $38,295,000 $327,308 $2,559 4.16%
    Outside of Metro Areas 250 $36,950,000 $147,800 $2,417 4.50%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 23 $9,155,000 $398,043 $3,001 3.99%
    Sikeston, MO (FHA|USDA|VA) 49 $6,435,000 $131,327 $2,416 4.74%
    Branson, MO (FHA|USDA|VA) 31 $5,495,000 $177,258 $2,925 4.80%
    Rockport, TX (FHA|USDA|VA) 1 $4,065,000 $4,065,000 $0 3.35%
    Poplar Bluff, MO (FHA|USDA|VA) 22 $3,810,000 $173,182 $2,696 4.93%
    Fort Leonard Wood, MO (FHA|USDA|VA) 25 $3,475,000 $139,000 $1,981 4.87%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 14 $3,430,000 $245,000 $3,034 4.64%
    Rolla, MO (FHA|USDA|VA) 10 $3,420,000 $342,000 $3,165 4.70%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 7 $2,865,000 $409,286 $3,143 4.45%
    Blytheville, AR (FHA|USDA|VA) 3 $2,355,000 $785,000 $2,389 3.75%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $1,750,000 $875,000 $3,398 4.31%
    Mexico, MO (FHA|USDA|VA) 11 $1,545,000 $140,455 $2,336 4.27%
    Clinton, IA (FHA|USDA|VA) 1 $805,000 $805,000 $0 4.75%
    JEFFERSON CITY, MO (FHA|USDA|VA) 4 $680,000 $170,000 $2,271 5.09%
    Moberly, MO (FHA|USDA|VA) 2 $650,000 $325,000 $2,231 5.25%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $635,000 $635,000 $2,768 4.88%
    COLUMBIA, SC (FHA|USDA|VA) 1 $625,000 $625,000 $4,283 4.00%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $605,000 $605,000 $0 4.37%
    Salina, KS (FHA|USDA|VA) 1 $595,000 $595,000 $3,685 3.88%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $545,000 $545,000 $3,969 2.88%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $425,000 $425,000 $5,410 4.00%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $415,000 $415,000 $4,454 3.50%
    Harrison, AR (FHA|USDA|VA) 3 $395,000 $131,667 $2,247 2.92%
    BOULDER, CO (FHA|USDA|VA) 1 $385,000 $385,000 $3,040 2.38%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $365,000 $365,000 $5,254 4.75%
    ALBUQUERQUE, NM (FHA|USDA|VA) 1 $355,000 $355,000 $3,231 3.38%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $345,000 $345,000 $2,912 3.38%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $345,000 $345,000 $0 4.15%
    Lebanon, MO (FHA|USDA|VA) 3 $335,000 $111,667 $2,075 3.95%
    JOPLIN, MO (FHA|USDA|VA) 2 $310,000 $155,000 $0 5.88%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $305,000 $305,000 $2,522 4.00%
    Kennett, MO (FHA|USDA|VA) 2 $250,000 $125,000 $2,808 5.11%
    LOUISVILLE, KY (FHA|USDA|VA) 1 $245,000 $245,000 $2,739 6.75%
    WICHITA, KS (FHA|USDA|VA) 1 $235,000 $235,000 $2,549 7.11%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $215,000 $215,000 $0 4.15%
    Farmington, MO (FHA|USDA|VA) 1 $185,000 $185,000 $2,985 7.07%
    LAWRENCE, KS (FHA|USDA|VA) 1 $115,000 $115,000 $1,974 3.25%
    Batesville, AR (FHA|USDA|VA) 1 $95,000 $95,000 $2,384 3.38%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $95,000 $95,000 $0 4.99%
    Oxford, MS (FHA|USDA|VA) 1 $95,000 $95,000 $2,908 5.51%
    Dyersburg, TN (FHA|USDA|VA) 1 $75,000 $75,000 $2,173 6.10%
    The Bank Of Missouri's top markets include Springfield, Cape Girardeau, Tucson, Columbia, and Fayetteville among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)

    • Similar Lenders

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

    The Callaway Bank
    Similarity Rank: 108
    WEST COMMUNITY
    Similarity Rank: 216
    FIRST WESTERN MORTGAGE, INC.
    Similarity Rank: 220
    MISSOURI Credit Union
    Similarity Rank: 342
    United Bank
    Similarity Rank: 459
    Wood & Huston Bank
    Similarity Rank: 462
    Banterra Bank
    Similarity Rank: 520
    Sullivan Bank
    Similarity Rank: 550
    Springfield First Community Bank
    Similarity Rank: 816
    First State Community Bank
    Similarity Rank: 912

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 830 $276,090,000 $332,639 $2,538 4.40%
    Conventional 268 $22,050,000 $82,276 $0 0.00%

    For 2022, The Bank Of Missouri's most frequently originated type of loan was Conventional, with 830 originations. Their 2nd most popular type was Conventional, with 268 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 554 $202,490,000 $365,505 $2,692 4.55%
    Refi 257 $71,335,000 $277,568 $2,314 3.97%
    Home Improvement 150 $10,270,000 $68,467 $2,073 4.55%
    Other 124 $12,130,000 $97,823 $2,206 4.39%
    Cash Out Refi 13 $1,915,000 $147,308 $2,834 4.71%

    For 2022, The Bank Of Missouri's most frequently cited loan purpose was Home Purchase, with 554 originations. The 2nd most popular reason was Refi, with 257 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 533 $132,765,000 $249,090 $2,618 4.36%
    Other 310 $93,120,000 $300,387 $2,226 4.82%
    15 Year 102 $17,490,000 $171,471 $2,135 4.10%
    20 Year 97 $22,965,000 $236,753 $2,131 4.60%
    5 Year 24 $7,720,000 $321,667 $0 4.68%
    10 Year 16 $18,420,000 $1,151,250 $1,949 4.49%
    1 Year 11 $5,045,000 $458,636 $5,135 4.94%
    3 Year 5 $615,000 $123,000 $0 5.15%

    For 2022, The Bank Of Missouri's most frequently cited loan duration was 30 Year, with 533 originations. The 2nd most popular length was Other, with 310 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 540 $115,000,000 $212,963
    $1k-2k 87 $22,805,000 $262,126
    $2k-3k 10 $7,370,000 $737,000
    $3k-4k 2 $3,760,000 $1,880,000
    $4k-5k 2 $900,000 $450,000
    $5k+ 2 $460,000 $230,000

    The Bank Of Missouri's average total fees were $2,618, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 540 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 270 $74,660,000 $276,519
    3-4% 234 $86,120,000 $368,034
    5-6% 118 $70,000,000 $593,220
    2.5-3% 105 $23,605,000 $224,810
    6-7% 60 $9,150,000 $152,500
    7-8% 21 $2,705,000 $128,810
    <2.5% 16 $4,610,000 $288,125
    Over 8% 5 $295,000 $59,000

    During 2022, The Bank Of Missouri's average interest rate for loans was 4.36%, while their most frequently originated rate bucket for loans was 4-5%, with 270 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 376 $20,580,000 $54,734 $2,118 4.74%
    $100k-200k 326 $47,820,000 $146,687 $2,370 4.43%
    $200k-400k 273 $74,615,000 $273,315 $2,630 4.31%
    $400k-600k 66 $31,100,000 $471,212 $3,155 4.05%
    $600k-1MM 32 $23,720,000 $741,250 $3,553 3.92%
    $1MM+ 25 $100,305,000 $4,012,200 $5,273 4.05%

    2022 saw The Bank Of Missouri place emphasis on $100,000 or less loans with 376 originations, totaling $20,580,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 189 $18,195,000 $96,270 $2,335 4.49%
    $50k-75k 179 $24,195,000 $135,168 $2,356 4.58%
    $75k-100k 165 $27,675,000 $167,727 $2,629 4.44%
    $100k-150k 156 $31,200,000 $200,000 $2,642 4.46%
    $150k-250k 125 $31,265,000 $250,120 $2,782 3.97%
    $250k+ 81 $38,465,000 $474,877 $3,206 4.18%

    The Bank Of Missouri lent most frequently to those with incomes in the $50k or less range, with 189 originations. The second most popular income band? $50k-75k, with 179 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 268 $22,050,000 $82,276 $0 0.00%
    20-30% 174 $40,520,000 $232,874 $2,508 4.20%
    30-36% 140 $31,480,000 $224,857 $2,632 4.26%
    <20% 84 $20,120,000 $239,524 $2,464 3.59%
    41% 34 $8,670,000 $255,000 $2,574 4.61%
    36% 32 $7,290,000 $227,813 $2,397 4.78%
    39% 26 $5,890,000 $226,538 $2,432 4.25%
    42% 26 $6,650,000 $255,769 $2,451 4.42%
    38% 24 $5,860,000 $244,167 $2,504 4.55%
    40% 24 $4,880,000 $203,333 $2,466 4.23%
    37% 22 $3,470,000 $157,727 $2,502 4.66%
    43% 17 $4,435,000 $260,882 $2,630 5.09%
    44% 12 $2,170,000 $180,833 $2,410 5.18%
    50-60% 10 $2,970,000 $297,000 $2,598 4.85%
    46% 7 $1,495,000 $213,571 $2,756 5.38%
    45% 7 $2,515,000 $359,286 $3,420 4.01%
    49% 6 $910,000 $151,667 $2,383 5.06%
    >60% 6 $2,350,000 $391,667 $2,707 5.13%
    47% 4 $750,000 $187,500 $2,520 5.75%
    48% 4 $990,000 $247,500 $2,935 5.46%

    The Bank Of Missouri lent most frequently to those with DTI ratios of Exempt%, with 268 originations. The next most common DTI ratio? 20-30%, with 174 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 922 $173,960,000 $188,677 $2,535 4.36%
    Not applicable 130 $115,610,000 $889,308 $0 4.62%
    Not provided 28 $5,470,000 $195,357 $2,746 4.31%
    Black 11 $1,525,000 $138,636 $2,401 4.92%
    Asian 4 $800,000 $200,000 $2,314 4.53%
    Asian Indian 1 $445,000 $445,000 $2,212 4.78%
    Native Hawaiian or Islander 1 $165,000 $165,000 $0 0.00%
    American Indian 1 $165,000 $165,000 $2,160 3.00%

    Approval Rates

    Total approvals of all applications
    87.68%

    The Bank Of Missouri has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.87%

    The Bank Of Missouri has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    116.5 1 $175,000 $175,000
    Exempt 268 $22,050,000 $82,276
    NA 829 $275,915,000 $332,829

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,098 $298,140,000 $271,530

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 70 $10,170,000 $145,286 $2,279 3.99%
    40-60% 141 $36,295,000 $257,411 $2,532 4.18%
    60-80% 340 $158,810,000 $467,088 $2,596 4.39%
    80-100% 242 $66,910,000 $276,488 $2,666 4.64%
    Over 100% 1 $295,000 $295,000 $2,646 4.88%
    Under 20% 35 $3,325,000 $95,000 $1,834 4.60%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    TD BANK US HOLDING COMPANY Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    TD BANK US HOLDING COMPANY Conventional home mortgage Closing on a mortgage 1 50.0%