Commonwealth Bank And Trust Company Mortgage Rates, Fees & Info

Louisville, KY

LEI: 549300QO5LH5SP6I8C79

Tax ID: 61-0337590

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
  • 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

    Commonwealth Bank And Trust Company is a smaller bank specializing in Refi, Home Purchase, and Cash Out Refi loans. Commonwealth Bank And Trust Company has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Louisville, Cincinnati, Elizabethtown, Crestview, and Columbus among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Commonwealth Bank And Trust Company 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. Commonwealth Bank And Trust Company 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 5.27% 11/22/24
    30 Year Conventional Purchase 6.74% 11/22/24
    30 Year Conventional Refi 6.78% 11/22/24
    30 Year Cash-out Refi 6.93% 11/22/24
    30 Year FHA Purchase 7.93% 11/22/24
    30 Year FHA Refi 7.32% 11/22/24
    30 Year VA Purchase 6.32% 11/22/24
    30 Year VA Refi 6.27% 11/22/24
    30 Year USDA Purchase 6.65% 11/22/24
    15 Year Conventional Purchase 5.93% 11/22/24
    15 Year Conventional Refi 6.02% 11/22/24
    15 Year Cash-out Refi 6.02% 11/22/24
    15 Year FHA Refi 5.68% 11/22/24
    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.

    Commonwealth Bank And Trust Company Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Commonwealth Bank And Trust Company. 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

    99

    Origination Dollar Volume (All Markets)

    $20,075,000

    Awards

    Commonwealth Bank and Trust Company 30 Year Conventional Loans silver Commonwealth Bank and Trust Company 30 Year Conventional Loans silver Commonwealth Bank and Trust Company 30 Year Conventional Loans gold Commonwealth Bank and Trust Company 30 Year Conventional Loans gold
    Show all (4) 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
    LOUISVILLE, KY (FHA|USDA|VA) 83 $17,445,000 $210,181 $2,942 3.17%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 7 $635,000 $90,714 $992 3.30%
    ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 3 $535,000 $178,333 $5,181 3.13%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $505,000 $505,000 $0 3.88%
    COLUMBUS, OH (FHA|USDA|VA) 2 $360,000 $180,000 $2,615 3.38%
    Bardstown, KY (FHA|USDA|VA) 2 $320,000 $160,000 $2,717 4.25%
    Glasgow, KY (FHA|USDA|VA) 1 $275,000 $275,000 $3,946 2.75%
    Commonwealth Bank And Trust Company's top markets include Louisville, Cincinnati, Elizabethtown, Crestview, and Columbus among others.

    Their top states include:
  • Kentucky (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)

    • Similar Lenders

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

    Commonwealth Bank and Trust Company
    Similarity Rank: 133
    Sharefax Credit Union
    Similarity Rank: 170
    The Citizens National Bank of Somerset
    Similarity Rank: 180
    The Cecilian Bank
    Similarity Rank: 195
    CINFED Federal Credit Union
    Similarity Rank: 210
    City National Bank of West Virginia
    Similarity Rank: 333
    The Peoples Bank
    Similarity Rank: 420
    INDIANA MEMBERS CREDIT UNION
    Similarity Rank: 442
    The North Side Bank & Trust Company
    Similarity Rank: 450
    Peoples Exchange Bank
    Similarity Rank: 477

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 55 $12,805,000 $232,818 $2,594 3.60%
    HELOC 35 $5,665,000 $161,857 n/a 2.53%
    FHA 6 $910,000 $151,667 $5,712 3.54%
    VA 2 $500,000 $250,000 $4,115 3.31%
    USDA 1 $195,000 $195,000 $6,015 2.88%

    For 2022, Commonwealth Bank And Trust Company's most frequently originated type of loan was Conventional, with 55 originations. Their 2nd most popular type was HELOC, with 35 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 27 $4,745,000 $175,741 $2,287 3.10%
    Home Purchase 26 $7,140,000 $274,615 $3,938 3.52%
    Other 26 $3,190,000 $122,692 $1,253 2.67%
    Cash Out Refi 16 $4,200,000 $262,500 $3,192 3.70%
    Home Improvement 3 $725,000 $241,667 $2,024 3.50%
    NA 1 $75,000 $75,000 $0 2.49%

    For 2022, Commonwealth Bank And Trust Company's most frequently cited loan purpose was Refi, with 27 originations. The 2nd most popular reason was Home Purchase, with 26 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 40 $9,370,000 $234,250 $3,344 3.67%
    10 Year 37 $5,035,000 $136,081 $2,111 2.51%
    15 Year 10 $2,440,000 $244,000 $2,826 3.03%
    20 Year 6 $1,050,000 $175,000 $1,922 3.56%
    5 Year 3 $865,000 $288,333 $0 4.58%
    1 Year 2 $1,200,000 $600,000 $1,135 4.25%
    Other 1 $115,000 $115,000 $2,370 3.38%

    For 2022, Commonwealth Bank And Trust Company's most frequently cited loan duration was 30 Year, with 40 originations. The 2nd most popular length was 10 Year, with 37 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 42 $9,740,000 $231,905
    $1k-2k 12 $1,940,000 $161,667
    $2k-3k 4 $1,470,000 $367,500
    $4k-5k 1 $175,000 $175,000

    Commonwealth Bank And Trust Company's average total fees were $3,344, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 42 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 39 $9,255,000 $237,308
    <2.5% 36 $5,000,000 $138,889
    4-5% 11 $2,685,000 $244,091
    2.5-3% 10 $2,660,000 $266,000
    5-6% 3 $475,000 $158,333

    During 2022, Commonwealth Bank And Trust Company's average interest rate for loans was 3.67%, while their most frequently originated rate bucket for loans was 3-4%, with 39 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 35 $5,395,000 $154,143 $3,120 3.33%
    $100,000 or less 28 $1,660,000 $59,286 $2,721 2.83%
    $200k-400k 25 $6,265,000 $250,600 $2,849 3.39%
    $400k-600k 6 $2,960,000 $493,333 $3,046 3.29%
    $600k-1MM 4 $2,790,000 $697,500 $4,220 3.06%
    $1MM+ 1 $1,005,000 $1,005,000 $0 4.25%

    2022 saw Commonwealth Bank And Trust Company place emphasis on $100k-200k loans with 35 originations, totaling $5,395,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 21 $1,985,000 $94,524 $3,716 3.15%
    $50k-75k 20 $3,480,000 $174,000 $3,221 3.35%
    $100k-150k 19 $5,595,000 $294,474 $2,594 3.18%
    $250k+ 13 $4,025,000 $309,615 $2,732 3.19%
    $150k-250k 11 $2,155,000 $195,909 $3,080 2.68%
    $75k-100k 10 $1,580,000 $158,000 $2,285 3.25%

    Commonwealth Bank And Trust Company lent most frequently to those with incomes in the $50k or less range, with 21 originations. The second most popular income band? $50k-75k, with 20 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 29 $5,925,000 $204,310 $2,383 3.32%
    30-36% 19 $3,325,000 $175,000 $3,349 2.99%
    <20% 13 $2,065,000 $158,846 $1,753 2.69%
    36% 6 $1,520,000 $253,333 $3,421 3.06%
    50-60% 5 $1,235,000 $247,000 $6,018 3.02%
    40% 5 $1,025,000 $205,000 $2,676 3.75%
    41% 5 $745,000 $149,000 $3,041 3.12%
    38% 4 $540,000 $135,000 $2,476 3.66%
    46% 2 $220,000 $110,000 $3,931 4.00%
    47% 2 $810,000 $405,000 $3,397 2.87%
    43% 1 $165,000 $165,000 $2,102 4.38%
    48% 1 $645,000 $645,000 $3,537 2.88%
    39% 1 $265,000 $265,000 $2,697 2.63%
    44% 1 $335,000 $335,000 $3,230 2.50%

    Commonwealth Bank And Trust Company lent most frequently to those with DTI ratios of 20-30%, with 29 originations. The next most common DTI ratio? 30-36%, with 19 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 84 $17,340,000 $206,429 $3,061 3.16%
    Not provided 9 $1,265,000 $140,556 $3,228 3.07%
    Not applicable 4 $1,030,000 $257,500 $443 4.44%
    Black 2 $440,000 $220,000 $3,091 3.06%

    Approval Rates

    Total approvals of all applications
    88.74%

    Commonwealth Bank And Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    71.72%

    Commonwealth Bank And Trust Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 99 $20,075,000 $202,778

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    99 $20,075,000 $202,778

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 20 $2,850,000 $142,500 $1,488 2.99%
    40-60% 12 $2,240,000 $186,667 $2,485 3.27%
    60-80% 26 $6,430,000 $247,308 $2,815 3.48%
    80-100% 23 $7,125,000 $309,783 $4,075 3.56%
    Under 20% 18 $1,430,000 $79,444 $992 2.53%