Mortgage on a $550K house in Montana
$3,551 a month with 20% down — $2,960 principal and interest plus $316 property tax and $275 insurance.
Montana's typical property tax is 0.69% of the home's value a year (U.S. average 0.9%), which adds $316 a month on a $550K home. The typical home in Montana is worth $467,275, so $550K is 18% above the typical price.
$550K home in Montana: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $110,000 | $440,000 | $2,960 | $0 | $591 | $3,551 | $152,200 |
| 10% down | $55,000 | $495,000 | $3,330 | $206 | $591 | $4,127 | $176,900 |
| 5% down | $27,500 | $522,500 | $3,515 | $218 | $591 | $4,324 | $185,300 |
| 3.5% down (FHA) | $19,250 | $540,038 | $3,633 | $243 | $591 | $4,467 | $191,400 |
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 $550K buy a typical home?
In these counties the typical home value is within 15% of $550K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Missoula County | $569,820 | 0.88% | $3,638 |
| Broadwater County | $524,149 | 0.56% | $3,491 |
| Jefferson County | $520,701 | 0.55% | $3,486 |
| Carbon County | $504,796 | 0.54% | $3,483 |
| Lake County | $595,594 | 0.61% | $3,513 |
| Ravalli County | $598,423 | 0.5% | $3,464 |
| Park County | $602,767 | 0.56% | $3,494 |
| Stillwater County | $487,371 | 0.57% | $3,497 |
| Sweet Grass County | $481,714 | 0.49% | $3,459 |
49 of 56 Montana counties tracked by Zillow have a typical home value at or below $550K. See all Montana home prices.
Other prices in Montana
Frequently asked questions
What is the mortgage on a $550K house in Montana?
About $3,551 a month with 20% down at 7.11%: $2,960 principal and interest, $316 property tax and $275 insurance.
How much do I need to make to buy a $550K house in Montana?
About $152,200 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $550K house in Montana?
At Montana's typical effective rate of 0.69%, about $3,791 a year. Rates vary by county and city — see the county pages.