We compare mortgage interest rate and loan related closing costs at Community National Bank & Trust with other lenders for mortgages with similar borrower characteristics:
Interest Rate: similar to average (-0.04%)
Loan Related Closing Costs: similar to average (-$165)
Assessment: this lender tends to be a cheap lender.
This scoreboard is based on data reported to FFIEC. In the data, Community National Bank & Trust originated 553 mortgages, a national market share of 0.0%. It was most active in KS (1.0% market share), OK (0.1% market share), and MO (0.0% market share).
On average, Community National Bank & Trust’s interest rates were similar to those of comparable mortgages at other lenders (-0.04%).1The comparable mortgages control for Community National Bank & Trust’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and county. Interest rate and loan related closing costs are estimated based on fixed rate mortgages only, whereas market shares include all purchase or refinance mortgages. Its average total loan related closing cost was $2256, which was similar to those of comparable mortgages at $2421, with a difference of -$165. Overall, we estimate that Community National Bank & Trust tends to be an cheap lender, with a cost-adjusted-rate difference of -0.06% compared to comparable mortgages at other lenders.2Cost adjusted rates were computed based on each percent of the loan amount in loan related closing costs being worth 1/6 of a percentage point in interest rate. Nevertheless, we recommend comparing your rate and fees with at least a few other lenders before signing with Community National Bank & Trust.
Community National Bank & Trust originated Conforming mortgages for new home purchases. It also originated Conforming mortgages for refinances. We breakdown its interest rate and total loan related closing cost on by each of the mortgage types it originated below:
Home Purchase Mortgages from Community National Bank & Trust compared to other lenders
| Conforming | |
|---|---|
| Interest Rate Difference | -0.04% |
| Loan related Closing Cost Difference | -$167 |
| Cost Adjusted Rate Difference | -0.06% |
Based on the table above, Community National Bank & Trust is cheap for Conforming purchase mortgages.
Mortgage Refinancing from Community National Bank & Trust compared to other lenders
| Conforming | |
|---|---|
| Interest Rate Difference | -0.06% |
| Loan Related Closing Cost Difference | -$158 |
| Cost Adjusted Rate Difference | -0.09% |
Based on the table above, Community National Bank & Trust is cheap for Conforming mortgage refinance.
Other information about Community National Bank & Trust:
Regulator: Office of the Comptroller of the Currency (OCC)
Top holder: COMMUNITY BANCORP, INC.
Registered city and state: Chanute, KS, 66720