Mortgage Calculator – Montana
Montana offers wide open spaces, growing housing demand, and rising home prices in popular areas such as Bozeman and Missoula.
This Montana mortgage calculator helps you estimate realistic monthly payments by including loan terms, interest rates, property taxes, and insurance.
Mortgage Calculator – Montana
Why Mortgage Costs in Montana Are Changing
Montana historically had affordable housing, but increased demand from out-of- state buyers has raised home prices in many regions.
Property tax rates remain relatively low, helping offset higher purchase prices.
Insurance costs vary depending on wildfire exposure and rural property location.
Montana Mortgage Examples
Example 1: A $425,000 home with 20% down at 6.8% over 30 years may result in a monthly payment around $2,250 including taxes and insurance.
Example 2: Homes in Bozeman and Missoula typically cost more than those in rural Montana.
Example 3: Rural properties may have lower prices but higher insurance considerations.
15-Year vs 30-Year Mortgage in Montana
| Factor | 15-Year Loan | 30-Year Loan |
|---|---|---|
| Monthly Payment | Higher | Lower |
| Total Interest | Much lower | Much higher |
| Best For | Faster payoff | Cash-flow flexibility |
Frequently Asked Questions – Montana Mortgage
Is Montana becoming expensive for homebuyers?
Yes. Demand from new residents has increased home prices in several regions.
Does this Montana mortgage calculator include property taxes?
Yes. You can include estimated property tax and insurance costs.
Are property taxes high in Montana?
No. Montana has relatively low property tax rates.
Do Montana buyers need PMI?
PMI may apply if your down payment is below 20%.
Are mortgage rates higher in Montana?
Rates generally follow national trends.
Does this calculator include HOA fees?
No. HOA fees vary by property and are not included.
Do wildfire risks affect insurance costs?
Yes. Properties near wildfire zones may face higher insurance premiums.
Is refinancing common in Montana?
Yes. Homeowners refinance to reduce interest or manage cash flow.
Related Mortgage Tools
Disclaimer
This calculator provides estimates for educational purposes only and does not constitute financial, legal, or tax advice.