Montana variant. This is a Montana-specific version of the Mortgage Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Mortgage Calculator.
With a median home value of $470,000 and an effective property tax rate of 0.74%, a typical Montana mortgage payment combines principal, interest, taxes, and insurance into a meaningfully different number than the sticker price suggests.
What drives a Montana mortgage payment
On the $470,000 median home with 20% down ($94,000), you'd finance about $376,000. At an illustrative 6.5% 30-year fixed rate, the principal-and-interest payment is roughly $2,377/month.
Montana's 0.74% effective property tax adds about $290/month, and homeowners insurance plus any PMI push the all-in payment higher still. Enter your real price, rate, and down payment above for an exact figure.
About taxes and housing in Montana
Montana levies a state income tax with a top marginal rate of roughly 5.9%, but it imposes no general statewide sales tax.
Montana property taxes are relatively low at an effective rate near 0.74%, with median home values around $470,000.
Montana's economy leans on agriculture, ranching, energy, and a growing tourism sector centered on its national parks and public lands.
Worked example: $470,000 home in Montana
Price $470,000, 20% down ($94,000), loan $376,000 at 6.5% for 30 years → P&I ≈ $2,377/mo. Add property tax ≈ $290/mo (0.74% of value ÷ 12). Total before insurance ≈ $2,666/mo.
Quick reference
- State income tax: 4.7-5.9% across 2 brackets
- State sales tax: 0% (plus 0.00% avg local)
- Median home value: $470,000
- Median household income: $66,341
- Effective property tax rate: 0.74%
- Avg auto insurance: $1,471/yr
Frequently Asked Questions
How much is a mortgage on a $470,000 Montana home?
With 20% down at 6.5% over 30 years, principal and interest run about $2,377/month, before Montana's 0.74% property tax and insurance.
What is the property tax rate in Montana?
Montana's effective property tax rate is about 0.74% of home value per year.