Closing Fees

If you choose to have Rocky Mountain Title of Helena close your loan or sale, below are our fees. We have an excellent escrow staff that will make the process quick and painless! For the fees for your title insurance policy, see the Premium Calculator.

With the new RESPA regulations coming into effect January 1, 2010 and in an effort to simplify and comply with the disclosure requirements for our Lenders, our Customers and ourselves, we are restructuring and implementing a new closing/settlement fee which bundles all of our fees into one flat closing fee. The amounts shown on this page do not represent an increase in our fees, but rather, groups our previous charges, i.e., trustee fee, courier/express fee, wire, e-doc fee, etc. These miscellaneous charges are being eliminated and will be all-inclusive in the following flat closings:

Closing Fees

Closing Fees on a Residential Sale Transaction are figured on the Purchase Price:

Up to $100,000.00	$300.00
$100,001 to $250,000.00	$450.00
$250,001 to $500,000.00	$650.00
Over $500,000.00	Call for Quote

Commercial Transactions: $150.00 plus $1 per thousand of Purchase Price.

Refinances: $285.00 Flat Fee

Trustee Fee: Included in our closing services at no additional charge.

Recording Fee: $7 per page if in compliance, if the document is not in compliance, it is $11 per page for the first 5 pages, then $7 per page thereafter. For details see the Montana Code Annotated

Courier Fee: Included in our closing services at no additional charge.

Doc Retrieval Fee for Email Docs: Included in our closing services at no additional charge.

Mobile Home De-title Fee (Required for ALTA 7 or 7.1 Endorsement): $125 NOTE: The above fee is not applicable if the manufactured home has previously been detitled.

As a seller, once your closing is scheduled you may be contacted by your closing agent to get information for loan payoffs, scheduling water meter readings, and other information they may need. The signing of documents will be scheduled when all parties are ready to close. At the closing, the closing agent will answer any questions you may have. After documents are signed, the money from the buyer and/or lender will be collected from the closing agent. The signed documents from the closing will be recorded with the clerk and recorders office. If the money is received late in the day, the recording may not happen until the next morning. Once the documents are recorded, the funds will be disbursed to payoff loans, taxes, and other costs. Your proceeds can either be picked up, mailed, wired, or deposited in your bank by our delivery service.

As a buyer, once your closing is scheduled you may be contacted by your closing agent for information regarding the way you want title to be held, your mailing address for tax reasons, and lender information. The signing of documents will be scheduled when all parties are ready to close. At the closing, the closing agent will answer any questions you may have. After documents are signed, funds will be collected from you in the form of a cashiers check or wired funds. Once the funds are received by our bank, the documents will be recorded with the clerk and recorders office and the property is yours!

If you are refinancing your property, the lender takes care of a large part of the process. They set up the closing when their documents and funds will be ready. At the closing, the closing agent will answer any questions you may have. After the documents are signed, there is a rescission period of three business days during which you may cancel the transaction. Once the period is ended and the lender has funded the loan, the documents will be sent to the clerk and recorders office for recording. The closing agent will disburse the funds and the transaction will be complete.