Mortgage on a $150K house in Montana
$968 a month with 20% down — $807 principal and interest plus $86 property tax and $75 insurance.
Montana's typical property tax is 0.69% of the home's value a year (U.S. average 0.9%), which adds $86 a month on a $150K home. The typical home in Montana is worth $467,275, so $150K is 68% below the typical price.
$150K home in Montana: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $30,000 | $120,000 | $807 | $0 | $161 | $968 | $41,500 |
| 10% down | $15,000 | $135,000 | $908 | $56 | $161 | $1,126 | $48,200 |
| 5% down | $7,500 | $142,500 | $959 | $59 | $161 | $1,179 | $50,500 |
| 3.5% down (FHA) | $5,250 | $147,283 | $991 | $66 | $161 | $1,218 | $52,200 |
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 $150K buy a typical home?
In these counties the typical home value is within 15% of $150K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Roosevelt County | $145,987 | 1.28% | $1,042 |
| Carter County | $160,312 | 0.45% | $939 |
| Glacier County | $161,975 | 0.84% | $988 |
| Daniels County | $164,716 | 0.87% | $991 |
2 of 56 Montana counties tracked by Zillow have a typical home value at or below $150K. See all Montana home prices.
Other prices in Montana
Frequently asked questions
What is the mortgage on a $150K house in Montana?
About $968 a month with 20% down at 7.11%: $807 principal and interest, $86 property tax and $75 insurance.
How much do I need to make to buy a $150K house in Montana?
About $41,500 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $150K house in Montana?
At Montana's typical effective rate of 0.69%, about $1,034 a year. Rates vary by county and city — see the county pages.