Mortgage on a $650K house in Montana
$4,196 a month with 20% down — $3,498 principal and interest plus $373 property tax and $325 insurance.
Montana's typical property tax is 0.69% of the home's value a year (U.S. average 0.9%), which adds $373 a month on a $650K home. The typical home in Montana is worth $467,275, so $650K is 39% above the typical price.
$650K home in Montana: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $130,000 | $520,000 | $3,498 | $0 | $698 | $4,196 | $179,800 |
| 10% down | $65,000 | $585,000 | $3,935 | $244 | $698 | $4,877 | $209,000 |
| 5% down | $32,500 | $617,500 | $4,154 | $257 | $698 | $5,110 | $219,000 |
| 3.5% down (FHA) | $22,750 | $638,227 | $4,293 | $287 | $698 | $5,279 | $226,300 |
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 $650K buy a typical home?
In these counties the typical home value is within 15% of $650K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Flathead County | $646,151 | 0.58% | $4,139 |
| Park County | $602,767 | 0.56% | $4,129 |
| Gallatin County | $697,762 | 0.59% | $4,142 |
| Ravalli County | $598,423 | 0.5% | $4,094 |
| Lake County | $595,594 | 0.61% | $4,152 |
| Missoula County | $569,820 | 0.88% | $4,299 |
54 of 56 Montana counties tracked by Zillow have a typical home value at or below $650K. See all Montana home prices.
Other prices in Montana
Frequently asked questions
What is the mortgage on a $650K house in Montana?
About $4,196 a month with 20% down at 7.11%: $3,498 principal and interest, $373 property tax and $325 insurance.
How much do I need to make to buy a $650K house in Montana?
About $179,800 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $650K house in Montana?
At Montana's typical effective rate of 0.69%, about $4,481 a year. Rates vary by county and city — see the county pages.