Acopia Mortgage Rates, Fees & Info

NASHVILLE, TN

LEI: 549300L1DBFIJZI8LA40

Tax ID: 26-0777326

5 stars - Updated: 6/16/24 - out of 5 stars, based on 45 reviews

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

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Mortgage Data

Review & Overview

Acopia is a smaller mortgage company specializing in Home Purchase loans. Acopia has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Atlanta, Nashville, Greenville, Port St. Lucie, and Jacksonville among others. We have data for 101 markets. (Some data included below & more in-depth data is available with an active subscription.)

Acopia 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. Acopia is typically a high 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.

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
Home Equity Line of Credit (HELOC) 7.26% 6/16/24
30 Year Conventional Purchase 6.56% 6/16/24
30 Year Conventional Refi 6.75% 6/16/24
30 Year Cash-out Refi 7.07% 6/16/24
30 Year FHA Purchase 7.75% 6/16/24
30 Year FHA Refi 7.23% 6/16/24
30 Year VA Purchase 6.52% 6/16/24
30 Year USDA Purchase 6.96% 6/16/24
30 Year USDA Refi 6.69% 6/16/24
15 Year Conventional Purchase 5.64% 6/16/24
15 Year Conventional Refi 5.93% 6/16/24
15 Year Cash-out Refi 5.93% 6/16/24
15 Year FHA Purchase 5.68% 6/16/24
15 Year FHA Refi 5.68% 6/16/24
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.

Acopia Mortgage Calculator






Your Estimates

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

This is not an official calculator from Acopia. 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

2,023

Origination Dollar Volume (All Markets)

$516,565,000
Show all (9) awards

Relative Rate

Acopia's average 30 year fixed mortgage rate was 6.32%.

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

This yields a difference of -0.16%.

Relative Fees (Closing Costs)

Acopia's average total fees/closing costs for a 30 year fixed rate mortgage were $9,425.

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
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 438 $125,570,000 $286,689 $11,013 6.48%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 263 $79,725,000 $303,137 $9,502 6.27%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 189 $49,915,000 $264,101 $8,833 6.16%
PORT ST. LUCIE, FL (FHA|USDA|VA) 146 $39,510,000 $270,616 $10,445 6.06%
JACKSONVILLE, FL (FHA|USDA|VA) 85 $18,625,000 $219,118 $8,534 4.93%
JACKSON, MS (FHA|USDA|VA) 78 $17,420,000 $223,333 $7,715 7.05%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 65 $17,095,000 $263,000 $9,918 5.42%
Greenwood, SC (FHA|USDA|VA) 74 $11,470,000 $155,000 $7,074 5.35%
SPARTANBURG, SC (FHA|USDA|VA) 43 $11,015,000 $256,163 $9,570 6.63%
Outside of Metro Areas 58 $10,060,000 $173,448 $7,628 6.17%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 57 $9,555,000 $167,632 $4,688 7.27%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 22 $8,530,000 $387,727 $10,825 6.77%
Jefferson, GA (FHA|USDA|VA) 25 $8,065,000 $322,600 $7,548 6.94%
GAINESVILLE, GA (FHA|USDA|VA) 20 $7,010,000 $350,500 $8,678 6.84%
FAYETTEVILLE, NC (FHA|USDA|VA) 26 $5,270,000 $202,692 $10,663 5.25%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 14 $5,070,000 $362,143 $14,375 6.18%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 19 $4,715,000 $248,158 $11,987 5.07%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 18 $4,380,000 $243,333 $7,760 6.51%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 20 $4,290,000 $214,500 $10,764 6.73%
Cookeville, TN (FHA|USDA|VA) 20 $4,250,000 $212,500 $10,384 6.09%
Tullahoma-Manchester, TN (FHA|USDA|VA) 17 $4,105,000 $241,471 $8,480 6.67%
ASHEVILLE, NC (FHA|USDA|VA) 12 $3,980,000 $331,667 $4,292 6.88%
HUNTSVILLE, AL (FHA|USDA|VA) 11 $2,795,000 $254,091 $9,353 6.72%
Okeechobee, FL (FHA|USDA|VA) 11 $2,625,000 $238,636 $12,947 5.63%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 17 $2,605,000 $153,235 $5,996 7.08%
Seneca, SC (FHA|USDA|VA) 4 $2,570,000 $642,500 $10,610 4.88%
GADSDEN, AL (FHA|USDA|VA) 19 $2,565,000 $135,000 $5,607 7.16%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 12 $2,510,000 $209,167 $9,086 4.45%
RALEIGH-CARY, NC (FHA|USDA|VA) 8 $2,430,000 $303,750 $8,999 5.97%
WILMINGTON, NC (FHA|USDA|VA) 9 $2,195,000 $243,889 $10,517 5.79%
MONTGOMERY, AL (FHA|USDA|VA) 9 $2,155,000 $239,444 $6,697 7.28%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 7 $2,015,000 $287,857 $8,848 6.73%
Jasper, AL (FHA|USDA|VA) 8 $2,000,000 $250,000 $7,505 7.17%
WARNER ROBINS, GA (FHA|USDA|VA) 10 $1,980,000 $198,000 $9,160 5.56%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 6 $1,920,000 $320,000 $8,965 6.52%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 6 $1,850,000 $308,333 $14,044 5.37%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 13 $1,705,000 $131,154 $6,837 5.42%
Cornelia, GA (FHA|USDA|VA) 8 $1,650,000 $206,250 $8,717 6.25%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 10 $1,510,000 $151,000 $8,225 5.30%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 3 $1,235,000 $411,667 $7,991 6.83%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $1,235,000 $411,667 $14,076 7.75%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 4 $1,160,000 $290,000 $10,559 6.34%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $1,145,000 $381,667 $6,180 7.29%
Fort Payne, AL (FHA|USDA|VA) 9 $1,115,000 $123,889 $6,282 6.81%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 6 $1,110,000 $185,000 $7,154 4.42%
Cedartown, GA (FHA|USDA|VA) 7 $1,095,000 $156,429 $9,599 5.00%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $1,040,000 $520,000 $12,151 7.25%
Cordele, GA (FHA|USDA|VA) 9 $895,000 $99,444 $8,666 4.46%
Brevard, NC (FHA|USDA|VA) 2 $870,000 $435,000 $7,543 6.94%
DALTON, GA (FHA|USDA|VA) 5 $815,000 $163,000 $11,117 5.85%
Shelbyville, TN (FHA|USDA|VA) 4 $810,000 $202,500 $7,714 5.25%
LaGrange, GA-AL (FHA|USDA|VA) 6 $760,000 $126,667 $7,683 4.46%
COLUMBIA, SC (FHA|USDA|VA) 6 $760,000 $126,667 $7,274 4.73%
OCALA, FL (FHA|USDA|VA) 2 $640,000 $320,000 $7,977 5.63%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $635,000 $635,000 $13,066 7.63%
Cullman, AL (FHA|USDA|VA) 3 $635,000 $211,667 $7,800 7.00%
BRUNSWICK, GA (FHA|USDA|VA) 2 $610,000 $305,000 $7,966 7.31%
COLUMBUS, GA-AL (FHA|USDA|VA) 3 $605,000 $201,667 $10,767 7.63%
GAINESVILLE, FL (FHA|USDA|VA) 2 $580,000 $290,000 $8,448 6.56%
SAVANNAH, GA (FHA|USDA|VA) 2 $560,000 $280,000 $8,918 7.18%
Marion, NC (FHA|USDA|VA) 1 $495,000 $495,000 $1,705 5.75%
Newberry, SC (FHA|USDA|VA) 2 $470,000 $235,000 $11,551 6.69%
ROME, GA (FHA|USDA|VA) 3 $455,000 $151,667 $7,440 7.04%
Paducah, KY-IL (FHA|USDA|VA) 2 $450,000 $225,000 $5,503 7.19%
Shelby, NC (FHA|USDA|VA) 1 $425,000 $425,000 $12,874 6.75%
Talladega-Sylacauga, AL (FHA|USDA|VA) 4 $420,000 $105,000 $7,860 7.44%
HINESVILLE, GA (FHA|USDA|VA) 4 $400,000 $100,000 $10,713 3.22%
Cullowhee, NC (FHA|USDA|VA) 1 $385,000 $385,000 $18,213 7.63%
McMinnville, TN (FHA|USDA|VA) 1 $385,000 $385,000 $8,608 8.38%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $385,000 $385,000 $13,980 5.75%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $365,000 $365,000 $10,999 7.49%
JACKSON, TN (FHA|USDA|VA) 1 $365,000 $365,000 $1,624 6.88%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 2 $360,000 $180,000 $13,050 3.44%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 3 $345,000 $115,000 $4,396 4.54%
Tifton, GA (FHA|USDA|VA) 2 $340,000 $170,000 $10,783 6.81%
BOWLING GREEN, KY (FHA|USDA|VA) 3 $335,000 $111,667 $6,584 7.25%
BATON ROUGE, LA (FHA|USDA|VA) 1 $325,000 $325,000 $7,859 7.50%
Orangeburg, SC (FHA|USDA|VA) 1 $295,000 $295,000 $6,296 7.38%
Lewisburg, TN (FHA|USDA|VA) 2 $290,000 $145,000 $10,294 5.50%
Albertville, AL (FHA|USDA|VA) 1 $275,000 $275,000 $9,763 7.25%
St. Marys, GA (FHA|USDA|VA) 1 $275,000 $275,000 $12,325 7.25%
Toccoa, GA (FHA|USDA|VA) 1 $255,000 $255,000 $8,609 5.99%
Enterprise, AL (FHA|USDA|VA) 1 $245,000 $245,000 $8,906 7.50%
JACKSONVILLE, NC (FHA|USDA|VA) 2 $240,000 $120,000 $9,789 3.38%
Gaffney, SC (FHA|USDA|VA) 2 $230,000 $115,000 $3,377 2.75%
Palatka, FL (FHA|USDA|VA) 2 $220,000 $110,000 $10,019 3.00%
Calhoun, GA (FHA|USDA|VA) 1 $215,000 $215,000 $8,750 6.49%
Statesboro, GA (FHA|USDA|VA) 1 $215,000 $215,000 $12,570 7.75%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $205,000 $205,000 $9,667 7.50%
KNOXVILLE, TN (FHA|USDA|VA) 1 $205,000 $205,000 $6,782 7.75%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $195,000 $195,000 $5,496 7.50%
Thomasville, GA (FHA|USDA|VA) 1 $195,000 $195,000 $6,325 7.63%
Bainbridge, GA (FHA|USDA|VA) 2 $190,000 $95,000 $10,047 3.19%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $185,000 $185,000 $6,763 6.50%
Fitzgerald, GA (FHA|USDA|VA) 1 $175,000 $175,000 $12,678 7.75%
GREENVILLE, NC (FHA|USDA|VA) 1 $175,000 $175,000 $5,664 7.50%
ALBANY, GA (FHA|USDA|VA) 1 $155,000 $155,000 $4,822 5.88%
VALDOSTA, GA (FHA|USDA|VA) 1 $115,000 $115,000 $7,364 7.50%
Meridian, MS (FHA|USDA|VA) 1 $115,000 $115,000 $4,356 8.25%
Summerville, GA (FHA|USDA|VA) 1 $105,000 $105,000 $0 7.50%
CLEVELAND, TN (FHA|USDA|VA) 1 $75,000 $75,000 $4,617 5.88%
Acopia's top markets include Atlanta, Nashville, Greenville, Port St. Lucie, and Jacksonville among others.

Their top states include:
  • Georgia (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Similar Lenders

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

    Independence Bank of Kentucky
    Similarity Rank: 64
    First Farmers and Merchants Bank
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    Community First Bank, Inc.
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    FineMark National Bank & Trust
    Similarity Rank: 280
    VICTORY MORTGAGE, L.L.C.
    Similarity Rank: 390
    DSLD MORTGAGE, LLC
    Similarity Rank: 450
    ORLANDO CREDIT UNION
    Similarity Rank: 459
    US COMMUNITY
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,192 $282,700,000 $237,164 $7,602 5.82%
    FHA 636 $174,200,000 $273,899 $12,641 6.84%
    VA 160 $52,350,000 $327,188 $6,910 6.49%
    USDA 32 $7,010,000 $219,063 $8,337 6.22%
    HELOC 3 $305,000 $101,667 n/a 10.17%

    For 2023, Acopia's most frequently originated type of loan was Conventional, with 1,192 originations. Their 2nd most popular type was FHA, with 636 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,907 $481,615,000 $252,551 $9,331 6.15%
    Home Improvement 49 $12,405,000 $253,163 $9,733 7.34%
    Cash Out Refi 40 $12,860,000 $321,500 $10,607 7.27%
    Refi 27 $9,685,000 $358,704 $8,237 6.81%

    For 2023, Acopia's most frequently cited loan purpose was Home Purchase, with 1,907 originations. The 2nd most popular reason was Home Improvement, with 49 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,879 $505,035,000 $268,779 $9,425 6.32%
    10 Year 65 $645,000 $9,923 $1,420 6.04%
    15 Year 52 $6,360,000 $122,308 $6,874 3.06%
    20 Year 20 $2,930,000 $146,500 $6,365 4.10%
    Other 7 $1,595,000 $227,857 $12,675 7.48%

    For 2023, Acopia's most frequently cited loan duration was 30 Year, with 1,879 originations. The 2nd most popular length was 10 Year, with 65 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 702 $243,340,000 $346,638
    $<1k 355 $31,565,000 $88,915
    $3k-4k 262 $59,820,000 $228,321
    $1k-2k 246 $70,780,000 $287,724
    $4k-5k 243 $65,265,000 $268,580
    $2k-3k 187 $40,155,000 $214,733

    Acopia's average total fees were $9,425, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 702 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 782 $226,690,000 $289,885
    7-8% 636 $178,410,000 $280,519
    5-6% 303 $84,205,000 $277,904
    <2.5% 194 $2,320,000 $11,959
    Over 8% 96 $21,120,000 $220,000
    4-5% 12 $3,820,000 $318,333

    During 2023, Acopia's average interest rate for loans was 6.32%, while their most frequently originated rate bucket for loans was 6-7%, with 782 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,106 $319,790,000 $289,141 $9,748 6.80%
    $100k-200k 345 $54,605,000 $158,275 $6,811 6.97%
    $100,000 or less 314 $6,860,000 $21,847 $3,032 2.79%
    $400k-600k 209 $97,585,000 $466,914 $12,024 6.79%
    $600k-1MM 43 $29,625,000 $688,953 $13,728 6.83%
    $1MM+ 6 $8,100,000 $1,350,000 $18,314 7.46%

    2023 saw Acopia place emphasis on $200k-400k loans with 1,106 originations, totaling $319,790,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 542 $103,190,000 $190,387 $8,845 5.71%
    $100k-150k 488 $149,830,000 $307,029 $10,122 6.57%
    $75k-100k 478 $114,880,000 $240,335 $9,451 6.18%
    $150k-250k 229 $86,225,000 $376,528 $10,110 6.83%
    $50k or less 201 $24,065,000 $119,726 $6,671 5.59%
    $250k+ 85 $38,375,000 $451,471 $10,516 7.30%

    Acopia lent most frequently to those with incomes in the $50k-75k range, with 542 originations. The second most popular income band? $100k-150k, with 488 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 290 $69,850,000 $240,862 $7,952 6.14%
    50-60% 274 $73,860,000 $269,562 $12,597 6.38%
    20-30% 205 $49,275,000 $240,366 $7,493 6.16%
    44% 130 $33,200,000 $255,385 $9,364 6.54%
    43% 109 $29,115,000 $267,110 $9,311 6.18%
    49% 101 $29,655,000 $293,614 $9,794 6.58%
    48% 89 $26,435,000 $297,022 $10,423 6.58%
    42% 88 $20,250,000 $230,114 $8,798 5.89%
    46% 85 $23,025,000 $270,882 $9,045 6.43%
    45% 78 $21,710,000 $278,333 $9,687 6.43%
    41% 78 $21,740,000 $278,718 $9,602 6.07%
    40% 76 $18,530,000 $243,816 $9,200 5.89%
    38% 75 $17,305,000 $230,733 $8,988 6.21%
    47% 72 $21,300,000 $295,833 $10,271 6.16%
    39% 69 $15,295,000 $221,667 $8,252 5.48%
    <20% 67 $15,545,000 $232,015 $7,239 6.33%
    36% 63 $14,415,000 $228,810 $8,671 6.13%
    37% 56 $12,650,000 $225,893 $8,396 6.30%
    >60% 16 $3,390,000 $211,875 $10,535 3.74%

    Acopia lent most frequently to those with DTI ratios of 30-36%, with 290 originations. The next most common DTI ratio? 50-60%, with 274 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,383 $361,725,000 $261,551 $8,992 6.28%
    Black 385 $86,665,000 $225,104 $10,930 5.87%
    Not provided 205 $53,415,000 $260,561 $9,025 6.23%
    Asian 40 $12,550,000 $313,750 $10,367 6.94%
    American Indian 6 $1,120,000 $186,667 $5,216 5.62%
    Native Hawaiian or Islander 2 $460,000 $230,000 $6,868 6.44%
    Other Asian 1 $375,000 $375,000 $10,933 6.75%
    Filipino 1 $255,000 $255,000 $5,533 7.50%

    Approval Rates

    Total approvals of all applications
    95.39%

    Acopia 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
    64.16%

    Acopia has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,023 $516,565,000 $255,346

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,023 $516,565,000 $255,346

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 61 $9,535,000 $156,311 $5,692 6.89%
    40-60% 119 $30,275,000 $254,412 $7,370 6.81%
    60-80% 332 $102,910,000 $309,970 $8,662 6.96%
    80-100% 1,202 $358,340,000 $298,120 $10,009 6.83%
    Over 100% 32 $11,540,000 $360,625 $13,385 6.46%
    Under 20% 277 $3,965,000 $14,314 $1,096 2.20%