CALCMONEY // MORTGAGE // MT // MISSOULA
Calculate your monthly mortgage payment using Missoula-specific property tax rates and local market data.
$460,000
6.95%
0.85%
103
| Principal & Interest | $2,436 |
| Property Tax | $326 |
| Homeowners Insurance (est.) | $153 |
| Total Monthly Payment (PITI) | $2,915 |
$92,000
$508,949
$124,934/yr
Missoula's median home price sits at $460,000, 10% above the $420,000 national median. On a $62,000 median household income, that puts the price-to-income ratio at 7.4x, or 7.4 years of gross pay for the purchase price alone.
At a 0.85% effective rate, Missoula property taxes add $326 to the monthly payment on the median home, $3,910 a year in total.
Between the $2,915/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, Missoula's cost of living index sits at 103 (national average = 100), running above the national baseline for groceries, transportation, and everyday services.
Missoula's median home price runs 21% higher than nearby Billings: $380,000 there versus $460,000 here.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $368,000 loan saves $16,560 in interest over 30 years.
Compare Top Missoula Mortgage Lenders