Mortgage on a $600K house in Montana
$3,874 a month with 20% down — $3,229 principal and interest plus $345 property tax and $300 insurance.
Montana's typical property tax is 0.69% of the home's value a year (U.S. average 0.9%), which adds $345 a month on a $600K home. The typical home in Montana is worth $467,275, so $600K is 28% above the typical price.
$600K home in Montana: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $120,000 | $480,000 | $3,229 | $0 | $645 | $3,874 | $166,000 |
| 10% down | $60,000 | $540,000 | $3,633 | $225 | $645 | $4,502 | $193,000 |
| 5% down | $30,000 | $570,000 | $3,834 | $238 | $645 | $4,717 | $202,100 |
| 3.5% down (FHA) | $21,000 | $589,133 | $3,963 | $265 | $645 | $4,873 | $208,900 |
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 $600K buy a typical home?
In these counties the typical home value is within 15% of $600K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Ravalli County | $598,423 | 0.5% | $3,779 |
| Park County | $602,767 | 0.56% | $3,811 |
| Lake County | $595,594 | 0.61% | $3,833 |
| Missoula County | $569,820 | 0.88% | $3,969 |
| Flathead County | $646,151 | 0.58% | $3,820 |
| Broadwater County | $524,149 | 0.56% | $3,808 |
| Jefferson County | $520,701 | 0.55% | $3,803 |
52 of 56 Montana counties tracked by Zillow have a typical home value at or below $600K. See all Montana home prices.
Other prices in Montana
Frequently asked questions
What is the mortgage on a $600K house in Montana?
About $3,874 a month with 20% down at 7.11%: $3,229 principal and interest, $345 property tax and $300 insurance.
How much do I need to make to buy a $600K house in Montana?
About $166,000 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $600K house in Montana?
At Montana's typical effective rate of 0.69%, about $4,136 a year. Rates vary by county and city — see the county pages.