Montana Mortgage Calculator 2026
Montana experienced one of the most dramatic housing booms of the pandemic era, particularly in Bozeman, which saw prices surge as remote workers flooded in from California and other high-cost states. The market has since cooled from its peak. Montana has no state sales tax, which reduces the overall cost of living.
Calculate Your Montana Mortgage Payment
Pre-filled with Montana averages — adjust any value to match your situation.
= $86,000 down
Estimated Monthly Payment Breakdown
Based on $430,000 home price, 20% down, 30-year fixed at 7.25%.
Montana Property Taxes & Income Tax
Montana's 0.84% property tax rate is below the national average. The state has no sales tax, a significant financial benefit. Montana's income tax tops out at 6.75%. Property taxes vary by county, with Gallatin County (Bozeman) having higher rates due to strong demand.
Montana Homeowners Insurance
Montana faces significant wildfire risk, particularly in western Montana (Missoula, Kalispell, Flathead Valley). Wildfire insurance costs have increased substantially in recent years. Eastern Montana has more moderate rates. Budget $900–$2,000+/year depending on location and wildfire risk.
Montana Housing Market Overview
Bozeman has become one of the most expensive small cities in the Mountain West, driven by Montana State University, tech sector growth, and lifestyle demand. Missoula (University of Montana) has also seen strong appreciation. Billings offers more affordable options with a stable energy and agriculture economy. Much of rural Montana qualifies for USDA loans.
Frequently Asked Questions
What is the average mortgage payment in Montana?
Based on Montana's median home price of $430,000, a 20% down payment, and a 30-year fixed rate of 7.25%, the estimated total monthly payment (PITI) is approximately $2,748/month.
What is the conforming loan limit in Montana?
The conforming loan limit in Montana is $766,550. Loans above this amount are jumbo loans requiring stronger credit and larger down payments.
Can I get a USDA loan in Montana?
Yes — Montana has USDA-eligible rural areas where qualifying buyers can purchase a home with zero down payment. Use the USDA eligibility map to check specific addresses.
Are VA loans available in Montana?
Yes — eligible veterans, active-duty service members, and surviving spouses can use VA loans in Montana with no down payment and no PMI. The VA loan limit in Montana is $766,550.
Montana Loan Limits
Montana Homebuyer Programs
Below-market interest rate mortgages with optional down payment assistance for qualifying first-time homebuyers in Montana.
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