Thinking of buying a home in the Billings, Montana area? Wondering how much money you should set aside to cover closing costs?
Estimated Buyer’s Closing Costs in Montana
(For informational purposes only — actual costs may vary)
Typical Buyer Expenses:
| Item | Estimated Cost |
| Loan Origination Fee | 0.5% – 1% of loan amount |
| Appraisal Fee | $500 – $800 |
| Credit Report | $30 – $50 |
| Home Inspection | $400 – $600 |
| Survey (if applicable) | $300 – $700 |
| Title Insurance (Owner’s Policy) | $800 – $1,200 (varies by price) |
| Escrow/Closing Fee | $300 – $700 (split between buyer and seller) |
| Recording Fees | $100 – $150 |
| Prepaid Property Taxes | Varies (based on closing date) |
| Prepaid Homeowner’s Insurance | $800 – $1,500 (1 year typically prepaid) |
| Mortgage Insurance (if applicable) | Based on loan terms |
| Attorney Fee (optional) | $0 – $500 (if used) |
| HOA Transfer Fees (if applicable) | Varies |
| Miscellaneous Fees | $200 – $500 (courier, wiring, etc.) |
Total Estimated Closing Costs: 2% – 5% of the purchase price
Tips for Buyers:
- Negotiate seller credits to help cover closing costs.
- Shop lenders to compare fees and interest rates.
- Ask about down payment assistance if you’re a first-time homebuyer.
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