Mortgage on a $450K house in Montana
$2,905 a month with 20% down — $2,422 principal and interest plus $259 property tax and $225 insurance.
Montana's typical property tax is 0.69% of the home's value a year (U.S. average 0.9%), which adds $259 a month on a $450K home. The typical home in Montana is worth $467,275, so $450K is 4% below the typical price.
$450K home in Montana: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $90,000 | $360,000 | $2,422 | $0 | $484 | $2,905 | $124,500 |
| 10% down | $45,000 | $405,000 | $2,724 | $169 | $484 | $3,377 | $144,700 |
| 5% down | $22,500 | $427,500 | $2,876 | $178 | $484 | $3,537 | $151,600 |
| 3.5% down (FHA) | $15,750 | $441,849 | $2,972 | $199 | $484 | $3,655 | $156,600 |
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 $450K buy a typical home?
In these counties the typical home value is within 15% of $450K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Sanders County | $459,525 | 0.53% | $2,844 |
| Granite County | $462,296 | 0.6% | $2,873 |
| Lewis and Clark County | $466,454 | 0.79% | $2,943 |
| Lincoln County | $423,372 | 0.54% | $2,851 |
| Sweet Grass County | $481,714 | 0.49% | $2,830 |
| Stillwater County | $487,371 | 0.57% | $2,861 |
| Yellowstone County | $401,522 | 0.81% | $2,951 |
| Carbon County | $504,796 | 0.54% | $2,850 |
| Beaverhead County | $394,409 | 0.67% | $2,898 |
| Mineral County | $391,935 | 0.48% | $2,828 |
41 of 56 Montana counties tracked by Zillow have a typical home value at or below $450K. See all Montana home prices.
Other prices in Montana
Frequently asked questions
What is the mortgage on a $450K house in Montana?
About $2,905 a month with 20% down at 7.11%: $2,422 principal and interest, $259 property tax and $225 insurance.
How much do I need to make to buy a $450K house in Montana?
About $124,500 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $450K house in Montana?
At Montana's typical effective rate of 0.69%, about $3,102 a year. Rates vary by county and city — see the county pages.