The Montana mortgage calculator estimate for the median priced Montana home ($375,800), with 20% down on a 30 year fixed loan at today's MonitorBankRates national average mortgage rate of 7.146%, is a monthly mortgage payment of about $2,030 for principal and interest, or about $2,356 with Montana property taxes and homeowners insurance included, verified by MonitorBankRates as of November 12, 2026.
Lenders serving Montana currently advertise 30 year fixed rates from 6.75% to 6.91% across the 2 offers listed below. This Montana mortgage calculator starts from those local numbers instead of national guesses: the Montana median home value, the median property tax bill, the typical homeowners insurance premium and today's MonitorBankRates Montana average rate are already filled in. Change anything, or click a verified lender rate in the panel below the calculator to see the payment at that offer. On the median home the full payment works out to 39% of the Montana median household income of $72,509.
Use figures for a Montana city
Loads the median home value, property tax and insurance cost for the city into the calculator. The rate stays at the MonitorBankRates Montana average.
Montana Monthly Payment Estimator
Prefilled with Montana medians and today's MonitorBankRates Montana average rate. Results update as you type.
Where your monthly payment goes
| Principal & interest | $0 |
| Property tax | $0 |
| Homeowners insurance | $0 |
| HOA dues | $0 |
| PMI | $0 |
| Total monthly payment | $0 |
Loan balance over time
Amortization schedule (yearly totals)
| Year | Principal Paid | Interest Paid | PMI Paid | Ending Balance |
|---|
Current Montana Average Mortgage Rates
Today's MonitorBankRates Montana averages first, then the lowest verified offer per loan type from lenders serving Montana. Click any rate to run it through the calculator.
30 Year Fixed Offers in Montana and the Payment on the Median Home
Principal and interest on the median priced Montana home ($375,800, 20% down, $300,640 borrowed) at each lender's current 30 year fixed rate. Rates are pulled from each lender's published rate sheet and verified by MonitorBankRates.
- Mountain America Federal Credit Union30-year fixed mortgage, APR 6.885%, verified Nov 8, 2026 6.750%$1,950 a month
- Sky Federal Credit UnionHome Mortgage Loan - 30 Year Fixed, APR 6.909%, verified Nov 7, 2026 6.909%$1,982 a month
Compare all loan types, local banks and credit unions first, on the Montana mortgage rates page, or see how the state average has moved on the Montana mortgage rate trends page.
View Your Montana Mortgage Rate
Enter your loan details to see personalized rate quotes from lenders serving Montana.
What a Mortgage Costs in Montana Right Now
| Median Montana home, 20% down, 30 year fixed at the MonitorBankRates Montana average of 7.146% | Monthly |
|---|---|
| Principal and interest | $2,030 |
| Property tax (Montana median, Census) | $185 |
| Homeowners insurance (Montana typical premium) | $142 |
| Estimated total payment (PITI) | $2,356 |
| Principal and interest on a 15 year loan at 6.717% | $2,655 |
| Household income needed at a 28% housing ratio | $101,000 a year |
Over 30 years the $300,640 loan costs about $430,063 in interest; the same loan on a 15 year term at 6.717% costs about $177,241 in interest but the payment rises to $2,655. The full payment is 39% of the Montana median household income of $72,509; lenders generally want that figure under 28%, which is why a household earning about $101,000 is the rough qualifying level for the median home here.
Rates change daily. Every figure above is recalculated when this page loads from the current MonitorBankRates Montana average, so the numbers reflect today's market.
How the Down Payment Changes a Montana Mortgage Payment
On the median Montana home at the MonitorBankRates Montana average of 7.146%. Below 20% down, private mortgage insurance is added at 0.5% of the loan per year until the balance reaches 78% of the purchase price. Taxes and insurance use the Montana medians.
| Down payment | Cash down | Loan | P&I | PMI | Est. total |
|---|---|---|---|---|---|
| 3% | $11,274 | $364,526 | $2,461 | $152 | $2,939 |
| 5% | $18,790 | $357,010 | $2,410 | $149 | $2,886 |
| 10% | $37,580 | $338,220 | $2,283 | $141 | $2,751 |
| 15% | $56,370 | $319,430 | $2,157 | $133 | $2,616 |
| 20% | $75,160 | $300,640 | $2,030 | none | $2,356 |
Monthly Payment by Home Price in Montana
20% down, 30 year fixed at the MonitorBankRates Montana average of 7.146%. Property tax is scaled at the Montana effective rate of 0.59% of value (U.S. 0.94%); insurance is held at the Montana figure of $1,698 a year.
| Home price | Loan | P&I | Property tax | Est. PITI |
|---|---|---|---|---|
| $200,000 | $160,000 | $1,080 | $98 | $1,320 |
| $275,000 | $220,000 | $1,485 | $135 | $1,762 |
| $375,000 (about the median) | $300,000 | $2,025 | $185 | $2,352 |
| $475,000 | $380,000 | $2,566 | $234 | $2,941 |
| $575,000 | $460,000 | $3,106 | $283 | $3,530 |
| $750,000 | $600,000 | $4,051 | $369 | $4,562 |
Mortgage Payments in Montana's Largest Cities
The same estimate as above, run on each city's own median home value: 20% down, 30 year fixed at the MonitorBankRates Montana average of 7.146%, plus the city's median property tax and homeowners insurance where the Census reports them. Pick the city in the calculator above to load its figures, or open the city's rates page for verified lender offers.
| City | Median home | Loan (20% down) | P&I | Est. PITI |
|---|---|---|---|---|
| Billings mortgage rates | $343,400 | $274,720 | $1,855 | $2,275 |
| Missoula mortgage rates | $473,100 | $378,480 | $2,555 | $3,042 |
| Great Falls mortgage rates | $257,000 | $205,600 | $1,388 | $1,700 |
| Bozeman mortgage rates | $687,900 | $550,320 | $3,715 | $4,174 |
| Helena mortgage rates | $387,300 | $309,840 | $2,092 | $2,507 |
| Kalispell mortgage rates | $428,000 | $342,400 | $2,312 | $2,677 |
| Belgrade mortgage rates | $535,200 | $428,160 | $2,891 | $3,303 |
| Havre mortgage rates | $211,700 | $169,360 | $1,143 | $1,441 |
For example, a median-priced home in Billings ($343,400) financed with 20% down at 7.146% runs about $1,855 a month in principal and interest before taxes and insurance. Home values, taxes and insurance vary widely inside a metro area, so use the calculator with your own numbers once you have a price in mind.
Montana Property Taxes and Homeowners Insurance
Property taxes. The median Montana homeowner with a mortgage pays about $2,220 a year in property taxes, which is roughly 0.59% of the median home value, compared with about 0.94% nationally. Taxes are set by counties, cities and school districts, so the bill on a specific home can be well above or below the state median. Your county assessor's website lists the current tax on any address; enter that figure in the calculator for an exact escrow estimate.
Homeowners insurance. A typical Montana policy runs about $1,698 a year ($142 a month). Premiums depend on the home's replacement cost, roof age, distance from the coast or wildland, and claims history, so quotes for the same house can differ by hundreds of dollars. Compare carriers and average premiums by company on the Montana homeowners insurance page.
Affordability. Montana scores 93.0 on the MBR Housing Affordability Index, ranking 34 of 51 states where 100 is the national average and higher is more affordable. The full breakdown of home prices, incomes, taxes and insurance is on the Montana housing affordability page.
How to Use the Montana Mortgage Calculator
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Start from the Montana defaults
The home price is the Montana median, the rate is today's MonitorBankRates Montana average, and the tax and insurance lines are the state medians. If we track figures for your city, pick it above to swap in local home values and costs.
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Enter your price and down payment
Type the purchase price you have in mind and your down payment in dollars or as a percentage. Under 20% down the calculator adds PMI automatically and shows when it drops off.
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Click a verified lender rate
The rate panel lists the lowest current offer per loan type from lenders serving Montana. One click applies that rate and term, so you can compare a 15 year offer with a 30 year offer, or an FHA rate with a conventional one, without retyping anything.
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Review the full payment
The large figure is the estimated total monthly payment including escrow. The breakdown chart shows where each dollar goes, the balance chart shows how quickly equity builds, and the schedule lists principal, interest and PMI paid each year.
Frequently Asked Questions About Montana Mortgages
What is the average mortgage rate in Montana today?
The MonitorBankRates national average for a 30 year fixed mortgage is 7.146% as of November 12, 2026, and the 15 year fixed average is 6.717%. The averages are computed every day from rates published by banks and credit unions. Individual lenders currently advertise 30 year rates from 6.75% to 6.91%, so it pays to compare offers on the Montana mortgage rates page.
How much is the mortgage payment on a median priced home in Montana?
With 20% down on the median Montana home value of $375,800, a 30 year fixed loan of $300,640 at 7.146% costs about $2,030 a month in principal and interest. Adding the median Montana property tax bill of $2,220 a year and homeowners insurance of about $1,698 a year brings the full payment to roughly $2,356 a month.
How much income do you need to buy the median home in Montana?
Lenders generally want the full housing payment under 28% of gross income. At about $2,356 a month for the median Montana home with 20% down, that works out to a household income of roughly $101,000 a year, compared with the Montana median household income of $72,509. A larger down payment, a lower rate or a less expensive home lowers the income needed.
How much are property taxes in Montana?
The median Montana homeowner with a mortgage pays about $2,220 a year in property taxes, roughly 0.59% of the median home value versus about 0.94% nationally. Rates are set locally, so check the county assessor for the tax on a specific property and enter it in the calculator.
How much is homeowners insurance in Montana?
A typical Montana homeowners insurance policy costs about $1,698 a year, or $142 a month, which the calculator includes in the total payment. Premiums vary with the home's replacement cost, location and claims history, so get quotes from several carriers before you close.
How much down payment do I need in Montana?
Conventional loans allow as little as 3% to 5% down, FHA loans require 3.5%, and VA and USDA loans can be zero down for eligible borrowers. On the median Montana home, 20% down is $75,160 and avoids PMI; 5% down is $18,790 but adds PMI of about $149 a month until the balance reaches 78% of the price.
Should I choose a 15 year or 30 year mortgage in Montana?
On the median Montana home with 20% down, the 30 year payment is about $2,030 a month in principal and interest versus about $2,655 on a 15 year loan at 6.717%. The 30 year loan costs about $430,063 in interest over its life compared with about $177,241 for the 15 year. Choose the 15 year if the higher payment fits comfortably; otherwise take the 30 year and pay extra principal when you can.
What is PITI?
PITI stands for principal, interest, taxes and insurance, the four parts of a typical monthly mortgage payment. Lenders usually collect the tax and insurance portions in an escrow account along with the loan payment, which is why the bill you receive is higher than the principal and interest figure alone. This calculator estimates all four for Montana, plus HOA dues and PMI when they apply.
What is PMI and when does it go away?
Private mortgage insurance protects the lender if you default and is usually required on conventional loans with less than 20% down. It typically adds 0.3% to 1.5% of the loan amount per year. On most conventional loans it is canceled automatically when the balance reaches 78% of the original purchase price, and you can request cancellation at 80%.
Mortgage Calculators for Other States
Each state page starts from that state's average rate, median home value, property tax and insurance cost. The national mortgage calculator compares the payment on the median home in every state.
