Frost Bank Mortgage Rates, Fees & Info

San Antonio, TX

LEI: G5AHTAP80NWA3Q8RDC78

Tax ID: 74-0635455

5 stars - Updated: 12/9/24 - out of 5 stars, based on 83 reviews

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

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Mortgage Data

Review & Overview

Frost Bank is a small bank specializing in Home Improvement, Other, and Home Purchase loans. Frost Bank has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Austin, Houston, San Antonio, and Corpus Christi among others. We have data for 43 markets. (Some data included below & more in-depth data is available with an active subscription.)

Frost Bank has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Frost 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.

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) 6.27% 12/9/24
30 Year Conventional Purchase 6.27% 12/9/24
30 Year Conventional Refi 6.27% 12/9/24
15 Year Conventional Purchase 6.12% 12/9/24
15 Year Conventional Refi 6.24% 12/9/24
15 Year Cash-out Refi 6.24% 12/9/24
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.

Frost Bank Mortgage Calculator






Your Estimates

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

This is not an official calculator from Frost 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

6,853

Origination Dollar Volume (All Markets)

$1,125,855,000
Show all (5) awards

Relative Rate

Frost Bank's average 30 year fixed mortgage rate was 5.28%.

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

This yields a difference of -1.2%.

Relative Fees (Closing Costs)

Frost Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $3,467.

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
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2,971 $488,155,000 $164,307 $412 7.14%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 902 $223,260,000 $247,517 $666 7.34%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1,536 $221,730,000 $144,355 $267 7.06%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 959 $128,965,000 $134,479 $478 6.92%
Outside of Metro Areas 77 $12,475,000 $162,013 $248 7.16%
CORPUS CHRISTI, TX (FHA|USDA|VA) 101 $11,445,000 $113,317 $166 7.10%
MIDLAND, TX (FHA|USDA|VA) 40 $6,280,000 $157,000 $275 7.61%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 65 $6,005,000 $92,385 $70 7.05%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 31 $2,775,000 $89,516 $462 6.90%
SHERMAN-DENISON, TX (FHA|USDA|VA) 26 $2,740,000 $105,385 $175 7.20%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 22 $2,480,000 $112,727 $228 6.86%
Mineral Wells, TX (FHA|USDA|VA) 5 $2,345,000 $469,000 $875 7.77%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 15 $2,065,000 $137,667 $413 7.01%
Granbury, TX (FHA|USDA|VA) 10 $1,530,000 $153,000 $327 7.23%
Fredericksburg, TX (FHA|USDA|VA) 3 $1,505,000 $501,667 $4,502 7.08%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $0 7.55%
Athens, TX (FHA|USDA|VA) 8 $1,450,000 $181,250 $440 7.02%
VICTORIA, TX (FHA|USDA|VA) 10 $1,380,000 $138,000 $120 7.56%
WACO, TX (FHA|USDA|VA) 9 $1,145,000 $127,222 $0 7.85%
Gainesville, TX (FHA|USDA|VA) 6 $1,080,000 $180,000 $1,053 7.76%
ODESSA, TX (FHA|USDA|VA) 12 $770,000 $64,167 $18 6.95%
Corsicana, TX (FHA|USDA|VA) 3 $625,000 $208,333 $133 6.47%
El Campo, TX (FHA|USDA|VA) 3 $575,000 $191,667 $0 8.42%
TYLER, TX (FHA|USDA|VA) 5 $515,000 $103,000 $0 7.01%
Rockport, TX (FHA|USDA|VA) 4 $480,000 $120,000 $200 6.37%
Brenham, TX (FHA|USDA|VA) 2 $350,000 $175,000 $0 9.00%
Sulphur Springs, TX (FHA|USDA|VA) 3 $315,000 $105,000 $269 5.37%
Stephenville, TX (FHA|USDA|VA) 2 $250,000 $125,000 $0 8.50%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 2 $170,000 $85,000 $194 6.65%
Bonham, TX (FHA|USDA|VA) 2 $170,000 $85,000 $158 8.32%
LONGVIEW, TX (FHA|USDA|VA) 2 $160,000 $80,000 $0 7.44%
Huntsville, TX (FHA|USDA|VA) 3 $155,000 $51,667 $200 7.64%
EL PASO, TX (FHA|USDA|VA) 2 $140,000 $70,000 $0 5.49%
Kerrville, TX (FHA|USDA|VA) 1 $135,000 $135,000 $158 5.88%
Paris, TX (FHA|USDA|VA) 2 $130,000 $65,000 $404 5.87%
LAREDO, TX (FHA|USDA|VA) 1 $115,000 $115,000 $158 5.24%
Alice, TX (FHA|USDA|VA) 1 $95,000 $95,000 $0 8.75%
WICHITA FALLS, TX (FHA|USDA|VA) 1 $85,000 $85,000 $0 9.15%
Raymondville, TX (FHA|USDA|VA) 1 $75,000 $75,000 $0 7.39%
Port Lavaca, TX (FHA|USDA|VA) 1 $75,000 $75,000 $158 6.38%
Mount Pleasant, TX (FHA|USDA|VA) 1 $75,000 $75,000 $2,450 4.63%
ABILENE, TX (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.13%
LUBBOCK, TX (FHA|USDA|VA) 1 $35,000 $35,000 $0 9.74%
Frost Bank's top markets include Dallas, Austin, Houston, San Antonio, and Corpus Christi among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Similar Lenders

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

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 4,710 $657,980,000 $139,699 $404 6.34%
    HELOC 2,143 $467,875,000 $218,327 n/a 8.84%

    For 2023, Frost Bank's most frequently originated type of loan was Conventional, with 4,710 originations. Their 2nd most popular type was HELOC, with 2,143 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 3,568 $478,800,000 $134,193 $306 6.85%
    Other 2,047 $310,345,000 $151,610 $164 7.56%
    Home Purchase 814 $225,480,000 $277,002 $1,508 7.35%
    Refi 424 $111,230,000 $262,335 $501 6.80%

    For 2023, Frost Bank's most frequently cited loan purpose was Home Improvement, with 3,568 originations. The 2nd most popular reason was Other, with 2,047 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 3,840 $695,150,000 $181,029 $248 7.84%
    15 Year 1,301 $144,345,000 $110,949 $233 6.35%
    Other 974 $189,510,000 $194,569 $630 6.24%
    10 Year 583 $49,015,000 $84,074 $94 5.99%
    30 Year 147 $41,955,000 $285,408 $3,467 5.28%
    5 Year 5 $3,965,000 $793,000 $0 7.73%
    3 Year 2 $1,610,000 $805,000 $0 8.40%
    1 Year 1 $305,000 $305,000 $0 9.75%

    For 2023, Frost Bank's most frequently cited loan duration was 20 Year, with 3,840 originations. The 2nd most popular length was 15 Year, with 1,301 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 4,568 $579,870,000 $126,942
    $1k-2k 94 $43,710,000 $465,000
    $5k+ 18 $11,200,000 $622,222
    $2k-3k 16 $10,690,000 $668,125
    $3k-4k 5 $6,615,000 $1,323,000
    $4k-5k 2 $510,000 $255,000

    Frost Bank's average total fees were $3,467, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 4,568 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 2,531 $496,805,000 $196,288
    5-6% 2,296 $323,660,000 $140,967
    6-7% 983 $166,815,000 $169,700
    7-8% 863 $121,075,000 $140,295
    3-4% 169 $13,855,000 $81,982
    4-5% 11 $3,645,000 $331,364

    During 2023, Frost Bank's average interest rate for loans was 5.28%, while their most frequently originated rate bucket for loans was Over 8%, with 2,531 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 3,130 $186,890,000 $59,709 $117 6.90%
    $100k-200k 1,934 $267,130,000 $138,123 $204 7.17%
    $200k-400k 1,233 $337,705,000 $273,889 $663 7.34%
    $400k-600k 422 $191,500,000 $453,791 $2,032 7.76%
    $600k-1MM 86 $65,850,000 $765,698 $8,073 7.36%
    $1MM+ 48 $76,780,000 $1,599,583 $11,956 7.73%

    2023 saw Frost Bank place emphasis on $100,000 or less loans with 3,130 originations, totaling $186,890,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 2,186 $314,380,000 $143,815 $298 7.17%
    $250k+ 2,052 $553,640,000 $269,805 $797 7.23%
    $100k-150k 1,372 $148,760,000 $108,426 $206 7.25%
    $75k-100k 598 $53,270,000 $89,080 $205 7.13%
    $50k-75k 434 $37,270,000 $85,876 $273 6.42%
    $50k or less 202 $12,500,000 $61,881 $148 5.97%

    Frost Bank lent most frequently to those with incomes in the $150k-250k range, with 2,186 originations. The second most popular income band? $250k+, with 2,052 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,563 $250,645,000 $160,361 $352 7.08%
    30-36% 1,216 $182,690,000 $150,238 $378 7.08%
    <20% 634 $114,830,000 $181,120 $340 7.21%
    50-60% 413 $75,335,000 $182,409 $520 7.32%
    49% 286 $51,250,000 $179,196 $262 7.15%
    40% 229 $38,645,000 $168,755 $469 6.87%
    46% 220 $38,290,000 $174,045 $508 7.12%
    43% 219 $35,045,000 $160,023 $491 7.01%
    42% 217 $37,125,000 $171,083 $548 7.03%
    45% 217 $38,555,000 $177,673 $512 7.04%
    38% 215 $35,165,000 $163,558 $689 7.08%
    48% 215 $36,755,000 $170,953 $198 7.40%
    36% 212 $26,490,000 $124,953 $253 7.11%
    39% 205 $33,305,000 $162,463 $390 7.10%
    44% 204 $31,360,000 $153,725 $477 7.29%
    37% 197 $34,795,000 $176,624 $714 7.15%
    47% 196 $29,310,000 $149,541 $300 7.14%
    41% 186 $30,230,000 $162,527 $364 6.96%

    Frost Bank lent most frequently to those with DTI ratios of 20-30%, with 1,563 originations. The next most common DTI ratio? 30-36%, with 1,216 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 5,310 $877,690,000 $165,290 $424 7.10%
    Not provided 769 $126,205,000 $164,116 $305 7.18%
    Black 330 $41,850,000 $126,818 $397 7.21%
    Asian 203 $38,335,000 $188,842 $246 7.22%
    Asian Indian 70 $12,500,000 $178,571 $278 6.84%
    American Indian 92 $12,400,000 $134,783 $395 7.27%
    Not applicable 9 $6,035,000 $670,556 $0 8.27%
    Other Asian 22 $4,350,000 $197,727 $1,188 6.22%
    Native Hawaiian or Islander 6 $1,270,000 $211,667 $79 8.21%
    Filipino 12 $1,270,000 $105,833 $102 7.59%
    Chinese 9 $1,085,000 $120,556 $115 6.49%
    Korean 6 $970,000 $161,667 $32 7.57%
    Vietnamese 9 $945,000 $105,000 $178 6.89%
    Other Pacific Islander 2 $440,000 $220,000 $0 7.12%
    Japanese 2 $330,000 $165,000 $704 5.69%
    2 $180,000 $90,000 $329 7.22%

    Approval Rates

    Total approvals of all applications
    50.82%

    Frost Bank has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    72.63%

    Frost Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 6,853 $1,125,855,000 $164,286

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    6,853 $1,125,855,000 $164,286

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2,261 $452,925,000 $200,321 $345 7.20%
    40-60% 514 $160,930,000 $313,093 $1,050 7.54%
    60-80% 328 $137,040,000 $417,805 $2,460 7.43%
    80-100% 148 $51,420,000 $347,432 $3,131 7.05%
    Over 100% 1 $155,000 $155,000 $0 9.25%
    Under 20% 3,598 $322,970,000 $89,764 $179 6.98%