Mortgage on a $350K house in Montana
$2,260 a month with 20% down — $1,884 principal and interest plus $201 property tax and $175 insurance.
Montana's typical property tax is 0.69% of the home's value a year (U.S. average 0.9%), which adds $201 a month on a $350K home. The typical home in Montana is worth $467,275, so $350K is 25% below the typical price.
$350K home in Montana: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $70,000 | $280,000 | $1,884 | $0 | $376 | $2,260 | $96,800 |
| 10% down | $35,000 | $315,000 | $2,119 | $131 | $376 | $2,626 | $112,600 |
| 5% down | $17,500 | $332,500 | $2,237 | $139 | $376 | $2,751 | $117,900 |
| 3.5% down (FHA) | $12,250 | $343,661 | $2,312 | $155 | $376 | $2,843 | $121,800 |
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 $350K buy a typical home?
In these counties the typical home value is within 15% of $350K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Teton County | $356,563 | 0.75% | $2,278 |
| Cascade County | $339,981 | 0.87% | $2,314 |
| Powell County | $333,071 | 0.69% | $2,259 |
| Meagher County | $309,452 | 0.66% | $2,252 |
| Mineral County | $391,935 | 0.48% | $2,199 |
| Beaverhead County | $394,409 | 0.67% | $2,254 |
| Garfield County | $298,632 | 0.62% | $2,239 |
| Yellowstone County | $401,522 | 0.81% | $2,295 |
36 of 56 Montana counties tracked by Zillow have a typical home value at or below $350K. See all Montana home prices.
Other prices in Montana
Frequently asked questions
What is the mortgage on a $350K house in Montana?
About $2,260 a month with 20% down at 7.11%: $1,884 principal and interest, $201 property tax and $175 insurance.
How much do I need to make to buy a $350K house in Montana?
About $96,800 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $350K house in Montana?
At Montana's typical effective rate of 0.69%, about $2,413 a year. Rates vary by county and city — see the county pages.