What are the average closing costs in Montgomery County County?

In Montgomery County County, the median total loan costs on purchase mortgages were $4,463 in 2024, based on 326 originations.

Which lender has the lowest closing costs in Montgomery County County?

Among lenders with 10+ originations in Montgomery County County, Community Bank, National Association had the lowest median total closing costs at $0 in 2024.

How do closing costs in Montgomery County County compare to New York?

Montgomery County County closing costs (median $4,463) are 30.7% below the New York state median of $6,440.

Lowest closing cost mortgage lenders in Montgomery County County, New York

In Montgomery County, New York, homebuyers paid a median of $4,463 in closing costs in 2024 — below the New York median of $6,440. The county saw 326 purchase mortgages at a median rate of 6.62%. Among lenders with 10+ originations, Community Bank, National Association offered the lowest median costs at $0, which is $3,954 less than the county median.

Homebuyers in Montgomery County County who chose Community Bank, National Association paid $4,463 less in closing costs than the county median.

County Median Costs

$4,463

−30.7% vs New York ($6,440)

Median Rate

6.620%

+0.0% vs national (6.620%)

Median Origination

$1,290

Purchase Originations

326

vs New York Median

30.7% below

$-1,977

vs National Median

33.8% below

$-2,278

Lender rankings in Montgomery County County

6 lenders with 10+ originations, ranked by median total loan costs.

Rank	Lender	Median Total Costs ↑	Median Rate ↕	Median Origination ↕	Volume ↕	vs. Median
1	Community Bank, National Association	$0	7.375%	$0	30	−$3,954
2	NBT Bank, National Association	$3,374	6.500%	$887	14	−$580
3	HOMESTEAD FUNDING CORP.	$3,593	6.438%	$995	40	−$361
4	SEFCU SERVICES, LLC	$3,905	6.250%	$990	27	−$49
5	NEWREZ LLC	$6,053	6.933%	$2,686	12	+$2,099
6	UNITED WHOLESALE MORTGAGE, LLC	$7,152	6.500%	$4,344	10	+$3,198

Includes lenders with 10+ purchase originations in Montgomery County County. Source: HMDA 2024. Sorted by median total loan costs.

View detailed closing cost breakdowns and user reviews for lenders in New York → Lender Directory

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Data source: HMDA Modified Loan Application Register 2024, published by the Consumer Financial Protection Bureau (CFPB).

Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.