Mortgage on a $700K house in Montana
$4,519 a month with 20% down — $3,767 principal and interest plus $402 property tax and $350 insurance.
Montana's typical property tax is 0.69% of the home's value a year (U.S. average 0.9%), which adds $402 a month on a $700K home. The typical home in Montana is worth $467,275, so $700K is 50% above the typical price.
$700K home in Montana: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $140,000 | $560,000 | $3,767 | $0 | $752 | $4,519 | $193,700 |
| 10% down | $70,000 | $630,000 | $4,238 | $263 | $752 | $5,253 | $225,100 |
| 5% down | $35,000 | $665,000 | $4,473 | $277 | $752 | $5,503 | $235,800 |
| 3.5% down (FHA) | $24,500 | $687,321 | $4,624 | $310 | $752 | $5,685 | $243,700 |
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 $700K buy a typical home?
In these counties the typical home value is within 15% of $700K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Gallatin County | $697,762 | 0.59% | $4,461 |
| Madison County | $752,502 | 0.41% | $4,358 |
| Flathead County | $646,151 | 0.58% | $4,457 |
| Park County | $602,767 | 0.56% | $4,447 |
| Ravalli County | $598,423 | 0.5% | $4,408 |
| Lake County | $595,594 | 0.61% | $4,471 |
55 of 56 Montana counties tracked by Zillow have a typical home value at or below $700K. See all Montana home prices.
Other prices in Montana
Frequently asked questions
What is the mortgage on a $700K house in Montana?
About $4,519 a month with 20% down at 7.11%: $3,767 principal and interest, $402 property tax and $350 insurance.
How much do I need to make to buy a $700K house in Montana?
About $193,700 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $700K house in Montana?
At Montana's typical effective rate of 0.69%, about $4,825 a year. Rates vary by county and city — see the county pages.