Mortgage on a $100K house in Montana
$646 a month with 20% down — $538 principal and interest plus $57 property tax and $50 insurance.
Montana's typical property tax is 0.69% of the home's value a year (U.S. average 0.9%), which adds $57 a month on a $100K home. The typical home in Montana is worth $467,275, so $100K is 79% below the typical price.
$100K home in Montana: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $20,000 | $80,000 | $538 | $0 | $107 | $646 | $27,700 |
| 10% down | $10,000 | $90,000 | $605 | $38 | $107 | $750 | $32,200 |
| 5% down | $5,000 | $95,000 | $639 | $40 | $107 | $786 | $33,700 |
| 3.5% down (FHA) | $3,500 | $98,189 | $661 | $44 | $107 | $812 | $34,800 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.69% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Where in Montana does $100K buy a typical home?
No Montana county has a typical home value within 15% of $100K.
0 of 56 Montana counties tracked by Zillow have a typical home value at or below $100K. See all Montana home prices.
Other prices in Montana
Frequently asked questions
What is the mortgage on a $100K house in Montana?
About $646 a month with 20% down at 7.11%: $538 principal and interest, $57 property tax and $50 insurance.
How much do I need to make to buy a $100K house in Montana?
About $27,700 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $100K house in Montana?
At Montana's typical effective rate of 0.69%, about $689 a year. Rates vary by county and city — see the county pages.