CALCMONEY // MORTGAGE // MT // GREAT FALLS
Calculate your monthly mortgage payment using Great Falls-specific property tax rates and local market data.
$285,000
6.95%
0.8%
89
| Principal & Interest | $1,509 |
| Property Tax | $190 |
| Homeowners Insurance (est.) | $95 |
| Total Monthly Payment (PITI) | $1,794 |
$57,000
$315,327
$76,896/yr
Great Falls's median home price sits at $285,000, 32% below the $420,000 national median. On a $56,000 median household income, that puts the price-to-income ratio at 5.1x, or 5.1 years of gross pay for the purchase price alone.
Property taxes in Great Falls run 0.8% of assessed value, below the 1.1% national average. On the median home, that's $2,280 a year, or $190 added to the monthly payment.
Between the $1,794/month mortgage payment and Montana's state income tax, your real housing cost calculation needs your after-tax number, not your gross salary.
Beyond housing, Great Falls's cost of living index sits at 89 (national average = 100), running below the national baseline for groceries, transportation, and everyday services.
Great Falls's median home price runs 25% lower than nearby Billings: $380,000 there versus $285,000 here.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $228,000 loan saves $10,260 in interest over 30 years.
Compare Top Great Falls Mortgage Lenders