Home and mortgage

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.

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Home priceDown paymentInterest rateStarts at this week's national averageLoan termProperty taxA year, as a share of the price; about 1% is typical, varying widely by countyHome insurance a yearMortgage insurance (PMI)A year, on the loan, only below 20% downHOA dues a month

Monthly payment$2,429.05The answer

Monthly payment

$2,429.05

A $376,000 home with 20% down ($300,800 borrowed) at 7.18% over 30 years costs about $2,429 a month: $2,038 principal and interest plus $391 of tax, insurance and dues.

Principal and interest: $2,037.72
Tax, insurance, PMI and HOA: $391.33
Total interest over the loan: $432,781

Amortization by year: $300,800 at 7.18%

Year	Interest	Principal	Balance
1	$21,501.58	$2,951.11	$297,848.89
2	$21,282.58	$3,170.11	$294,678.78
3	$21,047.32	$3,405.37	$291,273.41
4	$20,794.61	$3,658.08	$287,615.33
5	$20,523.14	$3,929.55	$283,685.78
6	$20,231.52	$4,221.17	$279,464.61
7	$19,918.27	$4,534.42	$274,930.19
8	$19,581.77	$4,870.92	$270,059.27
9	$19,220.29	$5,232.40	$264,826.87
10	$18,831.99	$5,620.70	$259,206.18
11	$18,414.88	$6,037.81	$253,168.37
12	$17,966.81	$6,485.88	$246,682.49
13	$17,485.49	$6,967.20	$239,715.29
14	$16,968.45	$7,484.24	$232,231.05
15	$16,413.04	$8,039.65	$224,191.40
16	$15,816.41	$8,636.28	$215,555.12
17	$15,175.51	$9,277.18	$206,277.94
18	$14,487.04	$9,965.65	$196,312.29
19	$13,747.49	$10,705.20	$185,607.09
20	$12,953.05	$11,499.64	$174,107.45
21	$12,099.65	$12,353.04	$161,754.41
22	$11,182.92	$13,269.76	$148,484.65
23	$10,198.17	$14,254.52	$134,230.13
24	$9,140.33	$15,312.36	$118,917.77
25	$8,003.99	$16,448.69	$102,469.08
26	$6,783.33	$17,669.36	$84,799.72
27	$5,472.07	$18,980.62	$65,819.10
28	$4,063.51	$20,389.18	$45,429.92
29	$2,550.42	$21,902.27	$23,527.65
30	$925.04	$23,527.65	$0.00

Download the schedule (CSV)

This week's mortgage rates

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

Home price	Principal and interest	Property tax	Total
$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.

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.

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Updated Sep 30, 2026 by the RateHerald team. The maths is tested against worked examples; report a problem.