Mortgage on a $200K house in Montana
$1,291 a month with 20% down — $1,076 principal and interest plus $115 property tax and $100 insurance.
Montana's typical property tax is 0.69% of the home's value a year (U.S. average 0.9%), which adds $115 a month on a $200K home. The typical home in Montana is worth $467,275, so $200K is 57% below the typical price.
$200K home in Montana: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $40,000 | $160,000 | $1,076 | $0 | $215 | $1,291 | $55,300 |
| 10% down | $20,000 | $180,000 | $1,211 | $75 | $215 | $1,501 | $64,300 |
| 5% down | $10,000 | $190,000 | $1,278 | $79 | $215 | $1,572 | $67,400 |
| 3.5% down (FHA) | $7,000 | $196,378 | $1,321 | $88 | $215 | $1,624 | $69,600 |
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 $200K buy a typical home?
In these counties the typical home value is within 15% of $200K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Dawson County | $199,650 | 1.14% | $1,366 |
| Liberty County | $205,277 | 0.93% | $1,331 |
| Valley County | $193,649 | 1.18% | $1,372 |
| Fallon County | $191,717 | 0.5% | $1,259 |
| Petroleum County | $189,964 | 0.6% | $1,277 |
| Wibaux County | $210,481 | 0.61% | $1,277 |
| Phillips County | $212,750 | 0.78% | $1,307 |
| Blaine County | $214,696 | 1.34% | $1,399 |
| Wheatland County | $182,100 | 0.56% | $1,270 |
| Big Horn County | $218,323 | 1.1% | $1,359 |
| Toole County | $179,923 | 0.87% | $1,322 |
| Golden Valley County | $220,718 | 0.53% | $1,265 |
12 of 56 Montana counties tracked by Zillow have a typical home value at or below $200K. See all Montana home prices.
Other prices in Montana
Frequently asked questions
What is the mortgage on a $200K house in Montana?
About $1,291 a month with 20% down at 7.11%: $1,076 principal and interest, $115 property tax and $100 insurance.
How much do I need to make to buy a $200K house in Montana?
About $55,300 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $200K house in Montana?
At Montana's typical effective rate of 0.69%, about $1,379 a year. Rates vary by county and city — see the county pages.