Montana Mortgage Calculator 2026 — Monthly Payment Estimator
Last updated: April 2026 · Source: Zillow, Freddie Mac, Tax Foundation
Quick Answer
The average monthly mortgage payment in Montana is $2,613 for a $440K home with 10% down at the current 6.92% 30-year rate (principal + interest only). Add $271/mo property tax and $133/mo insurance for total PITI.
Montana Housing & Mortgage Data
| Median Home Price | $440,000 |
| 30-Year Fixed Rate | 6.92%(State average, Apr 2026) |
| Property Tax Rate | 0.74%(Effective rate) |
| Avg HO Insurance | $1,600/yr ($133/mo) |
| Typical Down Payment | 10% ($44,000) |
| Median Household Income | $58,000/yr |
| Principal + Interest (P&I) | $2,613/mo |
| Property Tax (escrow) | $271/mo |
| Homeowners Insurance | $133/mo |
| Total PITI Payment | $3,018/mo(Excludes PMI) |
Key Facts for Montana
- ✓Montana median home price is $440,000 as of 2026
- ✓30-year fixed mortgage rates in Montana average 6.92%
- ✓Property taxes in Montana are 0.74% — near the national average of 1.10%
- ✓Homeowners insurance averages $1,600/year in Montana
- ✓A household earning $110,000/year can typically afford the median Montana home
More Montana Calculators
Frequently Asked Questions — Mortgage Calculator in Montana
- What is the average mortgage payment in Montana?
- The average monthly mortgage payment (principal + interest) in Montana is approximately $2,613 for a $396,000 loan at 6.92% over 30 years. Adding property tax ($271/mo) and homeowners insurance ($133/mo) brings total PITI to about $3,018/month.
- What credit score do I need for a mortgage in Montana?
- Most Montana lenders require a minimum 620 credit score for conventional loans and 580 for FHA loans (with 3.5% down). For the best rates in Montana, aim for 740+. A higher score can reduce your rate by 0.5–1.0%, saving $59,400 over the life of a 30-year loan.
- How much down payment is required to buy a home in Montana?
- You can buy a home in Montana with as little as 0% down (VA, USDA loans for eligible buyers), 3% down (conventional), or 3.5% down (FHA). On the Montana median home price of $440,000, a 20% down payment is $88,000 and lets you avoid PMI. Montana also has state-level down payment assistance programs for first-time buyers.
- What are current mortgage rates in Montana?
- Current 30-year fixed mortgage rates in Montana average 6.92% as of April 2026. 15-year fixed rates are typically 0.5–0.75% lower. Rates vary by lender, credit score, and loan-to-value ratio. Compare at least 3–5 lenders to ensure you get the best Montana mortgage rate.
- What is the property tax rate in Montana?
- Montana's effective property tax rate is 0.74%. On the Montana median home value of $440,000, annual property taxes are approximately $3,256 ($271/month). Property taxes in Montana are typically escrowed in your monthly mortgage payment.