Mortgage Brokers · Calculator
Mortgage Application-to-Close Rate Calculator
Measure submitted applications that reach closing.
How to use this Mortgage Application-to-Close Rate Calculator
Measure submitted applications that reach closing. Enter your numbers above and the calculator updates the result instantly.
Mortgage Application-to-Close Rate Calculator formula
Application-to-Close Rate: (Closed Loans ÷ Applications) × 100
Example
Enter your current Closed Loans and Applications to calculate Application-to-Close Rate. Then change one input at a time to see which assumption has the greatest effect on the result.
How to use the result
Use Application-to-Close Rate as a percentage-based comparison for mortgage brokers operations. Compare the same measurement period to period and investigate changes in the underlying numerator and denominator before acting on the percentage alone.
Frequently asked questions
What does the Mortgage Application-to-Close Rate Calculator calculate?
It calculates Application-to-Close Rate from the inputs shown in the tool so you can compare a current case with alternative assumptions.
Is the Mortgage Application-to-Close Rate Calculator free?
Yes. This calculator is available as a free tool.
How should I compare results?
Use the same definitions and measurement period each time. Change one assumption at a time when testing scenarios so you can see what actually caused the result to move.
Does Okomit save the numbers I enter?
Guest calculations remain in the browser unless you choose a feature that explicitly saves work. Logged-in features may support saved scenarios where available.