Johnson Financial Group Mortgage Interest Rate and Cost Review

Is Johnson Financial Group a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by Johnson Financial Group to those of other lenders for a comparable set of borrowers. Here is our review of Johnson Financial Group nationally:

Review ItemJohnson Financial Group
Interest Ratelower than other lenders (-0.10%)
Loan Related Closing Costssimilar to other lenders (+$37)
National Rate and Closing Cost Star Rating(4)

On average, Johnson Financial Group’s interest rates were lower than those of other lenders (-0.10%). On the other hand, its loan related closing costs were similar to those of other lenders, with a difference of +$37. Overall, combining interest rates and closing costs we estimate that Johnson Financial Group tends to be a cheap lender, and give it a National Rate and Closing Costs Rating of 4 out of 5 stars. We maintain our independence by not accepting any money from the mortgage lenders we review. To visit Johnson Financial Group, its website is located at: https://www.johnsonfinancialgroup.com.

Johnson Financial Group’s Rate Review by City

Mortgage lenders often set different rates in different geographical markets. For our list of the top mortgage lenders in your area, click here. In particular, among the cities we track Johnson Financial Group was most active in:

  1. Chicago, IL
  2. Milwaukee, WI
  3. Janesville, WI
  4. Madison, WI
  5. Green Bay, WI

Johnson Financial Group’s Rate Review by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, Johnson Financial Group originated Conforming, Jumbo and USDA mortgages for new home purchases. It also originated Conforming and Jumbo mortgages for refinances. Its average interest rate and total loan related closing cost difference relative to other lenders for comparable borrowers by mortgages type is as follows.

Purchase/Refinance:
New Purchase MortgagesConformingJumboUSDA
Interest Rate Difference-0.09%+0.02%-0.00%
Loan Related Closing Cost Difference+$93+$65-$6
Cost Adjusted Rate Difference-0.09%+0.02%-0.00%
National Star Rating(4)(3.5)(3.5)
Refinance MortgagesConformingJumbo
Interest Rate Difference-0.11%+0.01%
Loan Related Closing Cost Difference-$19+$13
Cost Adjusted Rate Difference-0.12%+0.01%
Average Star Rating(4)(3.5)

As a summary, Johnson Financial Group is cheap for Conforming purchase mortgages. It is similar to other lenders for Jumbo and USDA purchase mortgages. For refinancing mortgages, Johnson Financial Group is cheap for Conforming mortgage refinance. It is similar to other lenders for Jumbo mortgage refinance. Nevertheless, individual circumstances can matter a lot for mortgage rates, and we always recommend shopping among several of our top mortgage lenders in your area before signing.

Other information about Johnson Financial Group:

Registered name: Johnson Bank
Registered city and state: RACINE, WI, 53403
Regulator: Federal Reserve System (FRS)
Top holder: JOHNSON FINANCIAL GROUP, INC.

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for Johnson Financial Group’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 commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.