Bank Of Sun Prairie Mortgage Rates, Fees & Info

Sun Prairie,

LEI: 6354007NTMKKVRFIIP73

Tax ID: 39-0148140

5 stars - Updated: 10/29/24 - out of 5 stars, based on 11 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

    Bank Of Sun Prairie is a smaller bank specializing in Home Purchase and Refi loans. Bank Of Sun Prairie has a high proportion of conventional loans. Their top markets by origination volume include: Madison, Eau Claire, Beaver Dam, Milwaukee, and Janesville among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Bank Of Sun Prairie 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. Bank Of Sun Prairie 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 6.24% 10/29/24
    30 Year Conventional Refi 6.23% 10/29/24
    30 Year Cash-out Refi 6.43% 10/29/24
    30 Year FHA Purchase 6.27% 10/29/24
    15 Year Conventional Purchase 5.58% 10/29/24
    15 Year Conventional Refi 5.90% 10/29/24
    15 Year Cash-out Refi 5.90% 10/29/24
    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.

    Bank Of Sun Prairie Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Bank Of Sun Prairie. 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

    124

    Origination Dollar Volume (All Markets)

    $97,360,000

    Awards

    Bank of Sun Prairie 30 Year Conventional Loans bronze Bank of Sun Prairie 30 Year Conventional Loans bronze
    Show all (2) awards

    Relative Rate

    Bank Of Sun Prairie's average 30 year fixed mortgage rate was 6.58%.

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

    This yields a difference of 0.1%.

    Relative Fees (Closing Costs)

    Bank Of Sun Prairie's average total fees/closing costs for a 30 year fixed rate mortgage were $3,201.

    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
    MADISON, WI (FHA|USDA|VA) 95 $86,995,000 $915,737 $2,963 6.55%
    Outside of Metro Areas 12 $3,430,000 $285,833 $4,154 6.85%
    EAU CLAIRE, WI (FHA|USDA|VA) 1 $2,215,000 $2,215,000 $0 4.00%
    Beaver Dam, WI (FHA|USDA|VA) 5 $1,385,000 $277,000 $3,061 7.37%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $1,075,000 $1,075,000 $0 7.63%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 5 $905,000 $181,000 $4,151 6.39%
    Baraboo, WI (FHA|USDA|VA) 2 $680,000 $340,000 $5,354 6.75%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 2 $440,000 $220,000 $2,752 5.69%
    APPLETON, WI (FHA|USDA|VA) 1 $235,000 $235,000 $2,208 5.63%
    Bank Of Sun Prairie's top markets include Madison, Eau Claire, Beaver Dam, Milwaukee, and Janesville among others.

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

    • Similar Lenders

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

    EDUCATORS CREDIT UNION
    Similarity Rank: 50
    First Community Credit Union
    Similarity Rank: 136
    Starion Bank
    Similarity Rank: 147
    Heartland Credit Union (Madison)
    Similarity Rank: 270
    Bank of Sun Prairie
    Similarity Rank: 270
    Mound City Bank
    Similarity Rank: 286
    Blackhawk Community Credit Union
    Similarity Rank: 350
    PremierBank
    Similarity Rank: 377
    The Park Bank
    Similarity Rank: 396
    Settlers Bank
    Similarity Rank: 490

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 124 $97,360,000 $785,161 $3,173 6.57%

    For 2023, Bank Of Sun Prairie's most frequently originated type of loan was Conventional, with 124 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 89 $49,805,000 $559,607 $3,452 6.62%
    Refi 32 $46,970,000 $1,467,813 $2,114 6.35%
    Other 3 $585,000 $195,000 $3,402 7.50%

    For 2023, Bank Of Sun Prairie's most frequently cited loan purpose was Home Purchase, with 89 originations. The 2nd most popular reason was Refi, with 32 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 87 $27,565,000 $316,839 $3,201 6.58%
    5 Year 24 $55,520,000 $2,313,333 $0 6.84%
    15 Year 4 $870,000 $217,500 $2,629 5.69%
    Other 4 $11,830,000 $2,957,500 $0 5.07%
    1 Year 3 $1,335,000 $445,000 $0 7.57%
    20 Year 2 $240,000 $120,000 $3,121 6.19%

    For 2023, Bank Of Sun Prairie's most frequently cited loan duration was 30 Year, with 87 originations. The 2nd most popular length was 5 Year, with 24 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 63 $19,955,000 $316,746
    $1k-2k 13 $3,335,000 $256,538
    $3k-4k 6 $2,410,000 $401,667
    $2k-3k 3 $545,000 $181,667
    $4k-5k 1 $195,000 $195,000
    $5k+ 1 $405,000 $405,000

    Bank Of Sun Prairie's average total fees were $3,201, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 63 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 53 $46,095,000 $869,717
    5-6% 32 $8,980,000 $280,625
    7-8% 24 $14,760,000 $615,000
    Over 8% 9 $1,925,000 $213,889
    4-5% 4 $14,980,000 $3,745,000
    3-4% 2 $10,620,000 $5,310,000

    During 2023, Bank Of Sun Prairie's average interest rate for loans was 6.58%, while their most frequently originated rate bucket for loans was 6-7%, with 53 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 43 $11,745,000 $273,140 $3,305 6.64%
    $100k-200k 28 $4,320,000 $154,286 $3,142 6.54%
    $400k-600k 19 $9,085,000 $478,158 $3,914 6.65%
    $1MM+ 14 $63,850,000 $4,560,714 $3,008 5.94%
    $600k-1MM 11 $7,745,000 $704,091 $3,202 6.28%
    $100,000 or less 9 $615,000 $68,333 $1,400 7.54%

    2023 saw Bank Of Sun Prairie place emphasis on $200k-400k loans with 43 originations, totaling $11,745,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 19 $5,385,000 $283,421 $3,395 6.82%
    $250k+ 17 $8,955,000 $526,765 $2,779 6.40%
    $50k-75k 17 $3,205,000 $188,529 $3,113 6.26%
    $150k-250k 15 $5,655,000 $377,000 $3,963 6.49%
    $75k-100k 15 $3,375,000 $225,000 $3,244 6.93%
    $50k or less 10 $1,610,000 $161,000 $2,789 6.43%

    Bank Of Sun Prairie lent most frequently to those with incomes in the $100k-150k range, with 19 originations. The second most popular income band? $250k+, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 15 $4,655,000 $310,333 $2,858 6.09%
    <20% 12 $5,210,000 $434,167 $2,922 6.40%
    20-30% 12 $3,040,000 $253,333 $3,194 6.44%
    42% 8 $2,290,000 $286,250 $3,098 6.47%
    43% 6 $1,570,000 $261,667 $3,441 7.19%
    39% 6 $1,170,000 $195,000 $3,002 6.40%
    46% 5 $1,375,000 $275,000 $3,399 6.75%
    37% 5 $1,535,000 $307,000 $2,411 7.20%
    44% 4 $1,040,000 $260,000 $3,671 7.03%
    41% 4 $1,920,000 $480,000 $4,365 6.94%
    45% 4 $680,000 $170,000 $2,883 6.44%
    38% 3 $1,275,000 $425,000 $1,718 6.46%
    49% 3 $575,000 $191,667 $2,888 6.71%
    36% 2 $540,000 $270,000 $3,963 6.56%
    >60% 2 $380,000 $190,000 $2,211 6.52%
    40% 2 $490,000 $245,000 $3,980 6.06%
    48% 2 $1,290,000 $645,000 $5,061 6.63%
    47% 1 $275,000 $275,000 $6,309 7.25%

    Bank Of Sun Prairie lent most frequently to those with DTI ratios of 30-36%, with 15 originations. The next most common DTI ratio? <20%, with 12 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 28 $68,050,000 $2,430,357 $0 6.67%
    White 80 $23,830,000 $297,875 $2,999 6.52%
    Not provided 13 $4,815,000 $370,385 $4,150 6.80%
    Asian 1 $365,000 $365,000 $0 6.38%
    Native Hawaiian or Islander 1 $185,000 $185,000 $2,648 6.50%
    American Indian 1 $115,000 $115,000 $3,540 5.50%

    Approval Rates

    Total approvals of all applications
    89.88%

    Bank Of Sun Prairie has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.52%

    Bank Of Sun Prairie has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 124 $97,360,000 $785,161

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    124 $97,360,000 $785,161

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 8 $990,000 $123,750 $1,804 6.55%
    40-60% 18 $25,460,000 $1,414,444 $3,031 6.47%
    60-80% 35 $36,965,000 $1,056,143 $2,985 6.51%
    80-100% 57 $33,225,000 $582,895 $3,791 6.51%
    Under 20% 6 $720,000 $120,000 $1,212 7.88%