Montana Mortgage Calculator

Calculate your monthly mortgage payment in Montana. Pre-filled with Montana's average property tax rate of 0.74%. See principal, interest, PMI, property taxes, and insurance.

$70,000

Monthly Payment Breakdown

Principal & Interest
$1,770
Property Tax
$216
Homeowner's Insurance
$100
Total Monthly Payment
$2,086

Loan Summary

Home Price
$350,000
Down Payment
$70,000
Loan Amount
$280,000
Total Interest
$357,125
Total Cost(P&I + down payment)
$707,124

See how this mortgage fits your financial plan

Your estimated payment is $2,086/month. See how it fits alongside your income, savings, investments, and other expenses over time.

Try the Full Simulator

Montana Housing Overview

Montana has an average property tax rate of 0.74%. Montana's cost of living is about 3% below the national average, though popular areas like Bozeman and Missoula are more expensive.

Property Tax: 0.74%No state sales taxProgressive rates up to 5.9%No tax on Social Security

Buying a Home in Montana

If you're considering buying a home in Montana, understanding the local housing market and costs is essential. Property taxes, insurance rates, and home prices vary significantly by area within the state. This calculator pre-fills Montana's average property tax rate of 0.74% to give you a more accurate estimate.

Montana Property Taxes

Montana has an average effective property tax rate of 0.74%. Property taxes are a significant component of your monthly housing cost — on a $350,000 home, a 0.74% rate means approximately $2590 per year, or $216 per month in property taxes alone.

Cost of Living in Montana

Montana's cost of living is about 3% below the national average, though popular areas like Bozeman and Missoula are more expensive. When evaluating whether to buy a home in Montana, consider how your mortgage payment plus other housing costs fit within the recommended 28% of gross income guideline.

Financial Tips for Montana Homebuyers

  • Montana has no sales tax — all purchases are tax-free at the state level
  • Montana's progressive rates top out at 5.9% which is moderate
  • Montana's low population density and natural beauty attract remote workers
  • Montana does not tax Social Security benefits

Key Montana Features

  • No state sales tax
  • Progressive rates up to 5.9%
  • No tax on Social Security
  • Low population density

See How Your Montana Mortgage Fits Your Financial Plan

This calculator shows your Montana mortgage payment. Trajectoryy's full simulator shows how that payment fits alongside your income, taxes, savings, investments, and more.

Start Simulating for Free

Compare Montana Mortgage Costs with Other States

North Dakota0.98% property taxSouth Dakota1.13% property taxWyoming0.57% property taxCalifornia0.71% property taxTexas1.80% property taxNew York1.46% property tax

Frequently Asked Questions

What is the average property tax rate in Montana?
The average effective property tax rate in Montana is approximately 0.74%. This rate is applied to the assessed value of your property, which may differ from the market value depending on Montana's assessment practices. Property tax rates can also vary significantly by county and municipality within the state.
How much does a typical mortgage payment cost in Montana?
Your mortgage payment in Montana depends on the home price, your down payment, interest rate, and loan term. With Montana's average property tax rate of 0.74%, property taxes add a meaningful amount to your monthly payment. Use the calculator above with your specific numbers to get an accurate estimate.
Is Montana an affordable state to buy a home?
Montana's cost of living is about 3% below the national average, though popular areas like Bozeman and Missoula are more expensive. When evaluating affordability in Montana, consider not just the home price but also property taxes (0.74% average), homeowner's insurance costs, and any HOA fees common in your area.
How do Montana property taxes compare to other states?
Montana's average property tax rate of 0.74% can be compared against the national average of roughly 1.1%. States like New Jersey (2.23%) and Illinois (1.97%) have among the highest rates, while Hawaii (0.28%) and Alabama (0.40%) have among the lowest.
What first-time homebuyer programs are available in Montana?
Most states, including Montana, offer first-time homebuyer programs through their state housing finance agency. These typically include down payment assistance, below-market interest rates, and closing cost grants. Check with Montana's housing authority and the FHA, VA, and USDA loan programs for additional options.

Related Calculators

Housing

Rent vs. Buy Calculator

Monthly Rent$1,800
Home Price$350,000
Monthly Own$2,228
Equity (5yr)+$47,200
Breakeven4.2 years
5yr WinnerBuy
sample data — click to try your numbers
Savings

Savings & Investment Growth Calculator

Starting$10,000
Monthly+$500
Return8%/yr
Contributions$190,000
Earnings$555,620
Final Balance$745,620
sample data — click to try your numbers
Debt

Debt Payoff Calculator

Total Debt$18,500
Extra Payment$200/mo
StrategyAvalanche
Interest Saved$3,847
Debt-Free34 months
vs. Minimum22mo faster
sample data — click to try your numbers