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Mortgage Calculator &
Closing Costs: Torrington, WY

Mortgage payment estimates, closing cost breakdowns, and homebuying data for Torrington, Wyoming.

Median Home Price
$175K
Population
7K
Avg Monthly Rent
$720
Property Tax Rate
0.61%
Torrington vs Wyoming Median
The median home price in Torrington is $175,000, which is 49% below the Wyoming state median of $340,000.

Mortgage Calculator — Torrington, WY

Pre-filled with Torrington median home price and Wyoming tax/insurance rates. Adjust for your property.

$
$35,000
%
%
years
WY avg
%
$
Monthly Payment (PITI)
$1,124
Principal + Interest + Tax + Insurance + PMI
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Principal & Interest
$885
per month
Taxes & Insurance
$239
per month
Total Interest Paid
$179K
over 30 years
Total Loan Cost
$319K
all payments
Payment Breakdown
Loan Amount$140,000
Principal & Interest$885
Property Taxes$89
Homeowners Insurance$150
Total Monthly PITI$1,124

Closing Costs — Torrington, WY

Estimated closing costs based on Wyoming rates and fees applied to Torrington prices.

$
%
Wyoming: Avg closing costs 1.1% of price. Transfer tax: 0%.
Estimated Closing Costs
$7,064
4.0% of purchase price
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Lender Fees
$1,685
origination, underwriting
Third-Party
$2,325
appraisal, title, inspection
Government Fees
$0
transfer taxes, recording
Prepaids + Escrow
$3,054
taxes, insurance, interest
Itemized Costs
Loan Origination (0.8%)$1,260
Underwriting Fee$350
Credit Report$75
Appraisal$550
Home Inspection$450
Title Search + Insurance$1,175
Recording Fee$150
Prepaid Taxes (3 mo)$267
Prepaid Insurance (12 mo)$1,800
Prepaid Interest (15 days)$421
Escrow Reserves$567
Total Closing Costs$7,064

Buying a Home in Torrington, Wyoming

The median home price in Torrington is $175,000, 49% below the Wyoming state median of $340,000. With a population of 6,501, Torrington is a smaller market where home prices tend to be more accessible than in many parts of Wyoming.

Property taxes in Wyoming average 0.61% annually. This low property tax rate is a significant advantage for Torrington buyers, keeping your monthly costs well below what you'd pay in higher-tax states. Homeowners insurance in Wyoming runs approximately $1,800 per year. This is within the normal range nationally.

Average rent in Torrington is $720/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.

Torrington offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Wyoming's WCDA Spruce Up Wyoming program.

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