Mortgage on a $400K house in Montana
$2,582 a month with 20% down — $2,153 principal and interest plus $230 property tax and $200 insurance.
Montana's typical property tax is 0.69% of the home's value a year (U.S. average 0.9%), which adds $230 a month on a $400K home. The typical home in Montana is worth $467,275, so $400K is 14% below the typical price.
$400K home in Montana: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $80,000 | $320,000 | $2,153 | $0 | $430 | $2,582 | $110,700 |
| 10% down | $40,000 | $360,000 | $2,422 | $150 | $430 | $3,002 | $128,600 |
| 5% down | $20,000 | $380,000 | $2,556 | $158 | $430 | $3,144 | $134,800 |
| 3.5% down (FHA) | $14,000 | $392,755 | $2,642 | $177 | $430 | $3,249 | $139,200 |
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 $400K buy a typical home?
In these counties the typical home value is within 15% of $400K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Yellowstone County | $401,522 | 0.81% | $2,623 |
| Beaverhead County | $394,409 | 0.67% | $2,576 |
| Mineral County | $391,935 | 0.48% | $2,514 |
| Lincoln County | $423,372 | 0.54% | $2,534 |
| Teton County | $356,563 | 0.75% | $2,604 |
| Sanders County | $459,525 | 0.53% | $2,528 |
39 of 56 Montana counties tracked by Zillow have a typical home value at or below $400K. See all Montana home prices.
Other prices in Montana
Frequently asked questions
What is the mortgage on a $400K house in Montana?
About $2,582 a month with 20% down at 7.11%: $2,153 principal and interest, $230 property tax and $200 insurance.
How much do I need to make to buy a $400K house in Montana?
About $110,700 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $400K house in Montana?
At Montana's typical effective rate of 0.69%, about $2,757 a year. Rates vary by county and city — see the county pages.