Enterprise Bank & Trust Mortgage Rates, Fees & Info

Clayton, MO

LEI: K0ZDN2CBIQC0EHBKNK35

Tax ID: 43-1472619

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Enterprise Bank & Trust is a smaller bank specializing in Home Purchase loans. Enterprise Bank & Trust has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: St. Louis, Phoenix, Kansas City, Dallas, and Atchison among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Enterprise Bank & Trust 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. Enterprise Bank & Trust 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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    Originations

    293

    Origination Dollar Volume (All Markets)

    $68,595,000

    Employee count

    650

    Awards

    Enterprise Bank & Trust 30 Year Conventional Loans bronze Enterprise Bank & Trust FHA Loans gold
    Show all (2) 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
    ST. LOUIS, MO-IL (FHA|USDA|VA) 205 $47,895,000 $233,634 $3,101 4.98%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 5 $6,125,000 $1,225,000 $4,077 4.53%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 46 $5,380,000 $116,957 $2,374 5.09%
    Outside of Metro Areas 17 $2,325,000 $136,765 $3,412 5.05%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $2,255,000 $2,255,000 $21,860 6.50%
    Atchison, KS (FHA|USDA|VA) 1 $1,305,000 $1,305,000 $0 4.58%
    Farmington, MO (FHA|USDA|VA) 4 $520,000 $130,000 $4,616 4.72%
    CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 5 $515,000 $103,000 $3,536 4.97%
    Breckenridge, CO (FHA|USDA|VA) 1 $455,000 $455,000 $3,092 4.00%
    Ukiah, CA (FHA|USDA|VA) 1 $455,000 $455,000 $2,648 4.63%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $355,000 $355,000 $3,056 4.88%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $275,000 $275,000 $3,620 4.50%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $255,000 $255,000 $0 5.75%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $195,000 $195,000 $2,495 4.25%
    TUCSON, AZ (FHA|USDA|VA) 1 $115,000 $115,000 $0 4.62%
    Branson, MO (FHA|USDA|VA) 1 $105,000 $105,000 $1,460 5.38%
    ST. JOSEPH, MO-KS (FHA|USDA|VA) 1 $65,000 $65,000 $3,502 4.25%
    Enterprise Bank & Trust's top markets include St. Louis, Phoenix, Kansas City, Dallas, and Atchison among others.

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

    • Similar Lenders

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

    SANDIA LABORATORY
    Similarity Rank: 28
    MAINSTREET FEDERAL CREDIT UNION
    Similarity Rank: 68
    Kirtland Federal Credit Union
    Similarity Rank: 96
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 100
    KCB Bank
    Similarity Rank: 108
    Community Bank of Trenton
    Similarity Rank: 108
    SANDIA AREA
    Similarity Rank: 144
    Citizens Savings and Loan Association, FSB
    Similarity Rank: 146
    Clay County Savings Bank
    Similarity Rank: 148
    RIO GRANDE
    Similarity Rank: 195

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 246 $62,980,000 $256,016 $2,675 5.05%
    FHA 40 $4,330,000 $108,250 $4,674 4.66%
    VA 4 $760,000 $190,000 $4,535 4.78%
    USDA 3 $525,000 $175,000 $4,251 4.63%

    For 2018, Enterprise Bank & Trust's most frequently originated type of loan was Conventional, with 246 originations. Their 2nd most popular type was FHA, with 40 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 204 $45,990,000 $225,441 $3,478 4.94%
    Refi 37 $12,125,000 $327,703 $2,463 4.81%
    Cash Out Refi 28 $7,210,000 $257,500 $2,843 5.01%
    Home Improvement 17 $2,375,000 $139,706 $1,916 5.91%
    Other 7 $895,000 $127,857 $1,410 5.20%

    For 2018, Enterprise Bank & Trust's most frequently cited loan purpose was Home Purchase, with 204 originations. The 2nd most popular reason was Refi, with 37 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 176 $40,840,000 $232,045 $3,225 4.76%
    Other 31 $7,025,000 $226,613 $439 5.27%
    1 Year 30 $11,160,000 $372,000 $5,084 5.62%
    5 Year 26 $5,520,000 $212,308 $438 5.41%
    15 Year 14 $2,770,000 $197,857 $2,614 4.24%
    10 Year 12 $500,000 $41,667 $882 6.14%
    20 Year 2 $630,000 $315,000 $2,618 3.88%
    3 Year 2 $150,000 $75,000 $0 5.60%

    For 2018, Enterprise Bank & Trust's most frequently cited loan duration was 30 Year, with 176 originations. The 2nd most popular length was Other, with 31 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 200 $44,110,000 $220,550
    $1k-2k 7 $1,545,000 $220,714
    $4k-5k 1 $1,105,000 $1,105,000
    $5k+ 1 $2,255,000 $2,255,000

    Enterprise Bank & Trust's average total fees were $3,225, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 200 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 182 $45,150,000 $248,077
    5-6% 76 $15,810,000 $208,026
    6-7% 19 $3,895,000 $205,000
    3-4% 14 $3,360,000 $240,000
    % 1 $345,000 $345,000

    During 2018, Enterprise Bank & Trust's average interest rate for loans was 4.76%, while their most frequently originated rate bucket for loans was 4-5%, with 182 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 98 $14,120,000 $144,082 $3,481 4.83%
    $200k-400k 83 $23,115,000 $278,494 $2,926 4.99%
    $100,000 or less 82 $4,980,000 $60,732 $2,525 5.27%
    $400k-600k 17 $7,865,000 $462,647 $2,495 4.60%
    $1MM+ 8 $14,770,000 $1,846,250 $7,723 5.13%
    $600k-1MM 5 $3,745,000 $749,000 $3,675 4.60%

    2018 saw Enterprise Bank & Trust place emphasis on $100k-200k loans with 98 originations, totaling $14,120,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 66 $5,830,000 $88,333 $3,191 4.97%
    $50k-75k 49 $7,085,000 $144,592 $3,271 4.93%
    $100k-150k 28 $7,150,000 $255,357 $2,715 4.71%
    $150k-250k 26 $7,760,000 $298,462 $2,576 4.96%
    $75k-100k 25 $4,845,000 $193,800 $2,705 4.62%
    $250k+ 23 $17,865,000 $776,739 $3,974 4.91%

    Enterprise Bank & Trust lent most frequently to those with incomes in the $50k or less range, with 66 originations. The second most popular income band? $50k-75k, with 49 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 53 $14,565,000 $274,811 $2,912 4.97%
    20-30% 51 $11,105,000 $217,745 $2,616 4.86%
    <20% 25 $8,615,000 $344,600 $3,546 4.94%
    39% 14 $2,660,000 $190,000 $2,886 4.77%
    50-60% 9 $1,325,000 $147,222 $4,996 4.43%
    42% 8 $2,080,000 $260,000 $2,828 4.63%
    43% 7 $2,135,000 $305,000 $3,630 4.88%
    40% 7 $1,525,000 $217,857 $3,468 4.68%
    41% 7 $1,225,000 $175,000 $3,584 4.80%
    36% 7 $1,285,000 $183,571 $2,511 4.95%
    37% 6 $770,000 $128,333 $3,596 4.69%
    38% 6 $1,150,000 $191,667 $2,724 4.71%
    44% 5 $725,000 $145,000 $2,571 5.43%
    45% 3 $515,000 $171,667 $3,926 4.38%
    47% 3 $365,000 $121,667 $5,005 4.58%
    48% 3 $245,000 $81,667 $3,347 4.88%
    49% 2 $170,000 $85,000 $4,029 4.56%
    46% 1 $145,000 $145,000 $5,290 4.38%
    >60% 1 $15,000 $15,000 $428 6.50%

    Enterprise Bank & Trust lent most frequently to those with DTI ratios of 30-36%, with 53 originations. The next most common DTI ratio? 20-30%, with 51 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 201 $46,935,000 $233,507 $2,898 4.91%
    Not applicable 64 $16,100,000 $251,563 $0 5.34%
    Black 22 $2,510,000 $114,091 $3,943 4.76%
    Not provided 1 $2,255,000 $2,255,000 $21,860 6.50%
    Asian 4 $640,000 $160,000 $3,290 4.31%
    Native Hawaiian or Islander 1 $155,000 $155,000 $5,223 4.38%

    Approval Rates

    Total approvals of all applications
    89.17%

    Enterprise Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.55%

    Enterprise Bank & Trust has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    1969.7 1 $255,000 $255,000
    3051.0 1 $295,000 $295,000
    NA 291 $68,045,000 $233,832

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $3,440,000 $860,000
    Single Family (1-4 Units):Site-Built 289 $65,155,000 $225,450

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 17 $2,845,000 $167,353 $2,200 5.36%
    40-60% 32 $6,680,000 $208,750 $2,214 5.02%
    60-80% 124 $39,350,000 $317,339 $3,073 5.02%
    80-100% 105 $17,925,000 $170,714 $3,707 4.82%
    Over 100% 5 $1,125,000 $225,000 $8,262 5.08%
    Under 20% 9 $435,000 $48,333 $953 5.69%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Enterprise Bank & Trust 1001 First Capitol Drive Saint Charles, MO 63301 Full Service B&M $54,124
    Enterprise Bank & Trust 1052 South Kirkwood Road Kirkwood, MO 63122 Full Service B&M $71,336
    Enterprise Bank & Trust 10596 Highway 21 Hillsboro, MO 63050 Full Service B&M $78,809
    Enterprise Bank & Trust 110 North Clairborne Olathe, KS 66061 Full Service B&M $91,692
    Enterprise Bank & Trust 11401 Olive Boulevard Creve Coeur, MO 63141 Full Service B&M $194,189
    Enterprise Bank & Trust 11970 S Blackbob Rd Olathe, KS 66062 Full Service B&M $45,906
    Enterprise Bank & Trust 12695 Metcalf Avenue Overland Park, KS 66213 Full Service B&M $383,701
    Enterprise Bank & Trust 1281 North Warson Road Saint Louis, MO 63132 Full Service B&M $990
    Enterprise Bank & Trust 13457 Tesson Ferry Road, Suite 10 Saint Louis, MO 63128 Limited, Mobile/Seasonal Office $1,935
    Enterprise Bank & Trust 13590 South Outer Forty Chesterfield, MO 63017 Limited, Mobile/Seasonal Office $611
    Enterprise Bank & Trust 14 North Jackson Street Perryville, MO 63775 Full Service B&M $54,563
    Enterprise Bank & Trust 14231 Manchester Road Manchester, MO 63011 Full Service B&M $44,963
    Enterprise Bank & Trust 14901 North Outer Forty Road Chesterfield, MO 63017 Limited, Mobile/Seasonal Office $378
    Enterprise Bank & Trust 150 North Meramec Clayton, MO 63105 Full Service B&M $1,342,202
    Enterprise Bank & Trust 151 South 18th Street, Suite T Kansas City, KS 66102 Full Service B&M $16,640
    Enterprise Bank & Trust 1737 Main Street Kansas City, MO 64108 Full Service B&M $39,952
    Enterprise Bank & Trust 175 North Parker Street Olathe, KS 66061 Full Service B&M $25,974
    Enterprise Bank & Trust 2521 Brentwood Boulevard Brentwood, MO 63144 Full Service B&M $40,041
    Enterprise Bank & Trust 300 St. Peters Centre Boulevard St. Peters, MO 63376 Full Service B&M $378,087
    Enterprise Bank & Trust 3890 South Lindbergh Boulevard Sunset Hills, MO 63127 Full Service B&M $631,158
    Enterprise Bank & Trust 3900 E Camelback Rd Phoenix, AZ 85018 Full Service B&M $161,598
    Enterprise Bank & Trust 3944 Vogel Road Arnold, MO 63010 Full Service B&M $69,086
    Enterprise Bank & Trust 4100 Lindell Blvd Saint Louis, MO 63108 Full Service B&M $6,630
    Enterprise Bank & Trust 444 East Santa Fe Street Olathe, KS 66061 Full Service B&M $134,245
    Enterprise Bank & Trust 4505 Parker Road Florissant, MO 63033 Limited, Mobile/Seasonal Office $191
    Enterprise Bank & Trust 4675 Gravois Road House Springs, MO 63051 Full Service B&M $79,596
    Enterprise Bank & Trust 5721 South Lindbergh Boulevard Saint Louis, MO 63123 Full Service B&M $58,076
    Enterprise Bank & Trust 6725 Chippewa Saint Louis, MO 63109 Full Service B&M $31,885
    Enterprise Bank & Trust 680 South Mill Street Festus, MO 63028 Full Service B&M $90,703
    Enterprise Bank & Trust 7092 S. Outer 364 O Fallon, MO 63368 Limited, Mobile/Seasonal Office $1,224
    Enterprise Bank & Trust 8475 Local Hillsboro Road Cedar Hill, MO 63016 Full Service B&M $48,525
    Enterprise Bank & Trust 8698 East Raintree Drive, Suite 104 Scottsdale, AZ 85260 Full Service B&M $61,004
    Enterprise Bank & Trust State Road 21 De Soto, MO 63020 Full Service B&M $26,708

    For 2018, Enterprise Bank & Trust had 33 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $236,727
    Net interest income $196,711
    Total noninterest income $36,411
    Gross Fiduciary activities income $7,132
    Service charges on deposit accounts $11,490
    Trading account gains and fees $0
    Additional Noninterest Income $17,789
    Pre-tax net operating income $111,650
    Securities gains (or losses, -) $-26
    Income before extraordinary items $92,933
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $92,933
    Minority interest net income $0
    Net income $92,933
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $92,954

    Enterprise Bank & Trust's gross interest income from loans was $236,727,000.
    Enterprise Bank & Trust's net interest income from loans was $196,711,000.
    Enterprise Bank & Trust's fee based income from loans was $11,490,000.
    Enterprise Bank & Trust's net income from loans was $92,933,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $40,016
    Provision for credit losses $6,644
    Total noninterest expense $114,828
    Salaries and employee benefits $64,269
    Premises and equipment expense $9,997
    Additional noninterest expense $40,562
    Applicable income taxes $18,691
    Net charge-offs $5,745
    Cash dividends $30,000

    Enterprise Bank & Trust's interest expense for loans was $40,016,000.
    Enterprise Bank & Trust's payroll and benefits expense were $64,269,000.
    Enterprise Bank & Trust's property, plant and equipment expenses $9,997,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 1.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 0.0%
    Other consumer loans 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $4,605,464
    Deposits held in domestic offices $4,605,464
    Deposits by Individuals, partnerships, and corporations $4,202,168
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $236,019
    Deposits by Commercial banks and other depository institutions in U.S. $167,277
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $622,827
    Demand deposits $445,920
    Nontransaction accounts $3,982,637
    Money market deposit accounts (MMDAs) $1,565,729
    Other savings deposits (excluding MMDAs) $1,732,478
    Total time deposits $684,429
    Total time and savings deposits $4,159,544
    Noninterest-bearing deposits $1,126,589
    Interest-bearing deposits $3,478,875
    Retail deposits $3,897,198
    IRAs and Keogh plan accounts $61,468
    Brokered deposits $544,867
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $5,625,398
    Cash & Balances due from depository institutions $194,202
    Interest-bearing balances $102,691
    Total securities $787,169
    Federal funds sold & reverse repurchase $1,714
    Net loans and leases $4,306,917
    Loan and leases loss allowance $43,476
    Trading account assets $0
    Bank premises and fixed assets $31,028
    Other real estate owned $469
    Goodwill and other intangibles $125,898
    All other assets $178,001

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $5,625,398
    Total Liabilities $4,943,598
    Total deposits $4,605,464
    Interest-bearing deposits $3,478,875
    Deposits held in domestic offices $4,605,464
    % insured (estimated) $56
    Federal funds purchased and repurchase agreements $291,450
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $46,684

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $4,306,917
    Loan and leases loss allowance $43,476
    Total loans and leases (domestic) $4,350,393
    All real estate loans $2,121,897
    Real estate loans in domestic offices $2,121,897
    Construction and development loans $334,645
    Residential 1-4 family construction $46,933
    Other construction, all land development and other land $287,712
    Loans secured by nonfarm nonresidential properties $1,260,548
    Nonfarm nonresidential secured by owner-occupied properties $497,687
    Commercial real estate & other non-farm, non-residential $762,861
    Multifamily residential real estate $104,806
    1-4 family residential loans $305,418
    Farmland loans $116,480
    Loans held in foreign offices $0
    Farm loans $19,708
    Commercial and industrial loans $2,103,459
    To non-U.S. addressees $0
    Loans to individuals $18,771
    Credit card loans $0
    Related Plans $2,871
    Consumer Auto Loans $549
    Other loans to individuals $15,351
    All other loans & leases $86,558
    Loans to foreign governments and official institutions $0
    Other loans $63,364
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $225
    Non 1-4 family restructured loans & leases $145
    Total loans and leases (foreign) $0

    Enterprise Bank & Trust had $4,306,917,000 of loans outstanding in 2018. $2,121,897,000 of loans were in real estate loans. $334,645,000 of loans were in development loans. $104,806,000 of loans were in multifamily mortgage loans. $305,418,000 of loans were in 1-4 family mortgage loans. $19,708,000 of loans were in farm loans. $0 of loans were in credit card loans. $549,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 670 $188,190 $280,881
    Nonfarm, nonresidential loans - <$100k 99 $4,514 $45,596
    Nonfarm, nonresidential loans - $100-250k 186 $27,055 $145,457
    Nonfarm, nonresidential loans - $250k-1MM 385 $156,621 $406,808
    Commercial & Industrial, US addressed loans - <$1MM 2,150 $287,659 $133,795
    Commercial & Industrial, US addressed loans - <$100k 1,384 $38,171 $27,580
    Commercial & Industrial, US addressed loans - $100-250k 321 $50,999 $158,875
    Commercial & Industrial, US addressed loans - $250k-1MM 445 $198,489 $446,043
    Farmland loans - <$1MM 66 $13,548 $205,273
    Farmland loans - <$100k 21 $973 $46,333
    Farmland loans - $100-250k 18 $2,954 $164,111
    Farmland loans - $250k-1MM 27 $9,621 $356,333
    Agriculture operations loans - <$1MM 16 $2,608 $163,000
    Agriculture operations loans - <$100k 5 $346 $69,200
    Agriculture operations loans - $100-250k 4 $687 $171,750
    Agriculture operations loans - $250k-1MM 7 $1,575 $225,000