Mortgage on a $250K house in Montana
$1,614 a month with 20% down — $1,345 principal and interest plus $144 property tax and $125 insurance.
Montana's typical property tax is 0.69% of the home's value a year (U.S. average 0.9%), which adds $144 a month on a $250K home. The typical home in Montana is worth $467,275, so $250K is 46% below the typical price.
$250K home in Montana: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $50,000 | $200,000 | $1,345 | $0 | $269 | $1,614 | $69,200 |
| 10% down | $25,000 | $225,000 | $1,514 | $94 | $269 | $1,876 | $80,400 |
| 5% down | $12,500 | $237,500 | $1,598 | $99 | $269 | $1,965 | $84,200 |
| 3.5% down (FHA) | $8,750 | $245,472 | $1,651 | $111 | $269 | $2,030 | $87,000 |
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 $250K buy a typical home?
In these counties the typical home value is within 15% of $250K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Custer County | $247,629 | 1.03% | $1,686 |
| McCone County | $243,541 | 0.68% | $1,611 |
| Pondera County | $262,193 | 0.8% | $1,637 |
| Musselshell County | $236,271 | 0.55% | $1,585 |
| Hill County | $227,989 | 0.98% | $1,674 |
| Rosebud County | $227,615 | 0.7% | $1,617 |
| Treasure County | $225,549 | 0.59% | $1,594 |
| Powder River County | $278,081 | 0.68% | $1,612 |
| Golden Valley County | $220,718 | 0.53% | $1,582 |
| Big Horn County | $218,323 | 1.1% | $1,699 |
| Richland County | $282,058 | 0.74% | $1,624 |
| Blaine County | $214,696 | 1.34% | $1,749 |
24 of 56 Montana counties tracked by Zillow have a typical home value at or below $250K. See all Montana home prices.
Other prices in Montana
Frequently asked questions
What is the mortgage on a $250K house in Montana?
About $1,614 a month with 20% down at 7.11%: $1,345 principal and interest, $144 property tax and $125 insurance.
How much do I need to make to buy a $250K house in Montana?
About $69,200 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $250K house in Montana?
At Montana's typical effective rate of 0.69%, about $1,723 a year. Rates vary by county and city — see the county pages.