CALCMONEY // MORTGAGE // MT
Calculate your monthly mortgage payment using Montana-specific property tax rates, current average interest rates, and local median home prices.
Open Full Calculator$445,000
7%
0.84%
4.7% flat
How today's 7% rate compares to recent years
| Period | 30-Yr Rate | vs. Today |
|---|---|---|
| 2026 (current) | 7% | — |
| 2024 avg | 7.42% | -0.42% |
| 2023 avg | 7.85% | -0.85% |
| 2022 peak | 7.68% | -0.68% |
| 2021 avg | 3.60% | +3.40% |
| 2020 avg | 3.40% | +3.60% |
Rate estimates based on Freddie Mac Primary Mortgage Market Survey national averages adjusted for Montana market conditions. Actual rates vary by lender and borrower profile.
| Principal & Interest | $2,368 |
| Property Tax | $312 |
| Homeowners Insurance (est.) | $148 |
| Total Monthly Payment (PITI) | $2,828 |
$89,000
$496,652
$121,213/yr
The median home price in Montana is $445,000, above the national median of $420,000. With a median household income of $60,500, the price-to-income ratio is 7.4x.
Property taxes in Montana average 0.84% of assessed value. On the median home, that is $3,738 per year, or $312 per month added to your mortgage payment.
Montana has a state income tax of 4.7% flat. Factor this into your take-home pay when calculating how much mortgage you can afford.
The cost of living index in Montana is 101 (national average = 100). Everyday expenses beyond housing are close to the national average.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $356,000 loan saves $16,020 in interest over 30 years.
Compare Top Montana Mortgage Lenders