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Montana mortgage calculator

The median home in Montana runs about $450,000. With 20% down that's a loan near $360,000 — the calculator is pre-filled with that figure. Montana has no general sales tax, so a vehicle purchase carries no sales tax at all. Property taxes are below average, but home prices in Bozeman and the western valleys have risen well past local incomes.

$2,337.35 / month

Total interest
$481,442
Total paid
$841,442
Payoff
30.0 years
Balance over YearBalance ends near $0 at 30.$0$90k$180k$270k$360k0612182430Year

How it works

A full Montana payment is more than principal and interest. At the state's 0.74% effective property tax rate, a $450,000 home owes about $3,330 a year in tax, and homeowners insurance averages roughly $2,200 a year here. Together those add about $461 to the monthly payment before any HOA dues or PMI.

Montana's median household income is about $70,000, or $5,833 a month. Lenders generally want the full housing payment under about 28% of that — roughly $1,633 — which is why a median-priced home is comfortable in some metros and a stretch in others. Homes in Montana sell in about 45 days on average.

Frequently asked questions

What is a typical mortgage payment in Montana?
On the state's roughly $450,000 median home with 20% down, the loan is about $360,000. Principal and interest depend on your rate; on top of that, Montana's 0.74% effective property tax rate and about $2,200 a year in homeowners insurance add roughly $461 per month to the payment.
How much are property taxes on a home in Montana?
Montana's effective property tax rate averages about 0.74% of market value — roughly $3,330 a year on the $450,000 median home. Your county sets the actual rate and may assess below market value.
Is homeowners insurance expensive in Montana?
The average Montana homeowners policy runs about $2,200 a year. Montana has no general sales tax, so a vehicle purchase carries no sales tax at all. Property taxes are below average, but home prices in Bozeman and the western valleys have risen well past local incomes.
Can I afford a home in Montana on the median income?
Montana's median household income is about $70,000 a year, or $5,833 a month. Lenders generally want the full housing payment under about 28% of that — roughly $1,633 — so a median-priced home is a stretch in the pricier metros.
How fast do homes sell in Montana?
A for-sale home in Montana spends about 45 days on the market on average, though this varies widely by metro and season.

Learn more: Understanding your mortgage payment

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