Mortgage on a $300K house in Montana
$1,937 a month with 20% down — $1,614 principal and interest plus $172 property tax and $150 insurance.
Montana's typical property tax is 0.69% of the home's value a year (U.S. average 0.9%), which adds $172 a month on a $300K home. The typical home in Montana is worth $467,275, so $300K is 36% below the typical price.
$300K home in Montana: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $60,000 | $240,000 | $1,614 | $0 | $322 | $1,937 | $83,000 |
| 10% down | $30,000 | $270,000 | $1,816 | $113 | $322 | $2,251 | $96,500 |
| 5% down | $15,000 | $285,000 | $1,917 | $119 | $322 | $2,358 | $101,100 |
| 3.5% down (FHA) | $10,500 | $294,566 | $1,982 | $133 | $322 | $2,437 | $104,400 |
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 $300K buy a typical home?
In these counties the typical home value is within 15% of $300K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Garfield County | $298,632 | 0.62% | $1,919 |
| Judith Basin County | $296,563 | 0.45% | $1,876 |
| Chouteau County | $294,526 | 0.75% | $1,953 |
| Deer Lodge County | $294,344 | 0.78% | $1,959 |
| Meagher County | $309,452 | 0.66% | $1,930 |
| Fergus County | $286,543 | 0.75% | $1,952 |
| Silver Bow County | $286,274 | 0.98% | $2,009 |
| Richland County | $282,058 | 0.74% | $1,948 |
| Powder River County | $278,081 | 0.68% | $1,934 |
| Powell County | $333,071 | 0.69% | $1,936 |
| Pondera County | $262,193 | 0.8% | $1,965 |
| Cascade County | $339,981 | 0.87% | $1,983 |
33 of 56 Montana counties tracked by Zillow have a typical home value at or below $300K. See all Montana home prices.
Other prices in Montana
Frequently asked questions
What is the mortgage on a $300K house in Montana?
About $1,937 a month with 20% down at 7.11%: $1,614 principal and interest, $172 property tax and $150 insurance.
How much do I need to make to buy a $300K house in Montana?
About $83,000 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $300K house in Montana?
At Montana's typical effective rate of 0.69%, about $2,068 a year. Rates vary by county and city — see the county pages.