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Montana Mortgage Calculator

Your monthly mortgage payment in Montana, with Montana's effective property tax rate (0.72%) built in, at this week's average rate. The calculator starts at the state's median home value, $375,800.

A $376,000 home with 20% down ($300,800 borrowed) at 7.28% over 30 years costs about $2,449 a month: $2,058 principal and interest plus $391 of tax, insurance and dues.

Monthly payment
$2,449.44
Principal and interest
$2,058.11
Tax, insurance, PMI and HOA
$391.33
Total interest over the loan
$440,120
Loan balance and interest paid over 30 years at 7.28%$0$100k$200k$300k$400k$500k051015202530Years━Balance owed━Interest paid so far
Download the schedule (CSV)
Amortization by year: $300,800 at 7.28%
YearInterestPrincipalBalance
1$21,802.93$2,894.40$297,905.60
2$21,585.04$3,112.28$294,793.32
3$21,350.75$3,346.57$291,446.74
4$21,098.83$3,598.50$287,848.24
5$20,827.94$3,869.39$283,978.85
6$20,536.65$4,160.67$279,818.18
7$20,223.44$4,473.89$275,344.29
8$19,886.65$4,810.67$270,533.62
9$19,524.51$5,172.82$265,360.80
10$19,135.11$5,562.22$259,798.58
11$18,716.39$5,980.94$253,817.64
12$18,266.15$6,431.18$247,386.46
13$17,782.02$6,915.31$240,471.15
14$17,261.44$7,435.89$233,035.27
15$16,701.68$7,995.65$225,039.62
16$16,099.77$8,597.56$216,442.06
17$15,452.56$9,244.77$207,197.29
18$14,756.62$9,940.71$197,256.59
19$14,008.30$10,689.03$186,567.55
20$13,203.64$11,493.69$175,073.86
21$12,338.40$12,358.92$162,714.94
22$11,408.04$13,289.29$149,425.66
23$10,407.64$14,289.69$135,135.97
24$9,331.92$15,365.40$119,770.56
25$8,175.23$16,522.09$103,248.47
26$6,931.47$17,765.86$85,482.61
27$5,594.07$19,103.25$66,379.36
28$4,156.00$20,541.32$45,838.04
29$2,609.68$22,087.65$23,750.39
30$946.94$23,750.39$0.00

This week's mortgage rates →

Monthly payment in Montana by home price (20% down, 7%, 30 years, 0.72% tax, $2,000 insurance)

Home pricePrincipal and interestProperty taxTotal
$190,000$1,011$114$1,291
$280,000$1,490$167$1,824
$380,000$2,023$227$2,416
$560,000$2,981$335$3,482
$750,000$3,992$448$4,607

How this calculator works

As the mortgage calculator, with Montana's effective property tax rate from the Census Bureau's American Community Survey 2020–2024 5-year estimates: median taxes $2,693 ÷ median value $375,800.

What it assumes

  • Home insurance varies a lot by state and area; enter your quote.
  • County property tax rates differ from the state figure; see the county pages.

Questions people ask

What is the mortgage payment on a median home in Montana?

On $375,800 with 20% down at 7% over 30 years: about $2,000 principal and interest and $225 of property tax, $2,391 a month with $2,000 a year of insurance.

What is the median home value in Montana?

$375,800 for owner-occupied homes (Census American Community Survey 2020–2024 5-year estimates), against $332,700 nationally.

How much is property tax in Montana?

The effective rate is 0.72%, a median $2,693 a year. See Montana's property tax page for every county we cover.

How much income do I need for a median Montana home?

Under the 28% guideline, about $102,487 a year for the payment above; Montana's median household income is $72,509.

Mortgage calculator by state

Related calculators

  • Mortgage CalculatorYour full monthly mortgage payment: principal and interest, property tax, insurance, PMI and HOA dues, at this week's average rate, with a yearly amortization schedule.
  • Montana Property Tax CalculatorMontana homeowners pay a median $2,693 a year in property tax, 0.72% of a median $375,800 home: the 32nd highest effective rate of the 50 states and DC.
  • Home Affordability CalculatorThe home price your income supports under the 28/36 guideline lenders use, counting your other debts, down payment, taxes and insurance, at this week's average rate.

Sources

Updated by the RateHerald team. The maths is tested against worked examples; report a problem.