Montana Mortgage Calculator 2026

Calculate your monthly mortgage payment for a home in Montana (MT). The median home price in Montana is $523,000, with an effective property tax rate of 0.75% (ranked #30 nationally). Use our free calculator to compare FHA, VA, USDA, and conventional loan options with real Montana data.

Montana Property Tax Information

Montana has an effective property tax rate of 0.75%, ranking #30 among all 50 states. The median annual property tax is $2,535 ($211/month). Source: Tax Foundation 2025.

Montana Loan Limits 2026

FHA loan limit in Montana: $524,225 (floor) to $1,209,750 (ceiling for high-cost areas). Conforming loan limit: $806,500 (baseline) to $1,209,750 (ceiling). Montana has designated high-cost areas with higher limits.

Estimated Monthly Payment in Montana

For a median-priced home of $523,000 with 20% down ($104,600), at 6.5% interest over 30 years: estimated monthly principal and interest is $2,645, plus $211 in property taxes and approximately $125 in homeowner's insurance, for a total estimated payment of approximately $2,981/month.

Montana Closing Costs

Average closing costs in Montana are $3,157 (0.6% of purchase price), ranked #34 nationally. Montana does not charge a transfer tax. Source: Bankrate/LodeStar 2025.

Montana Housing Market 2026

Home prices in Montana have decreased 1.5% year-over-year. Average days on market: 65. Inventory level: moderate. Currently considered a buyer's market.

Down Payment Assistance Programs in Montana

Montana offers 2 down payment assistance programs through Montana Board of Housing (MBOH):

  • Regular Bond Program (second mortgage): 0% interest deferred second mortgage for first-time buyers. - Up to Up to 5% of loan amount
  • 80% Program (second mortgage): For buyers who can put 20% down. No PMI required. - Up to No DPA but 80% LTV financing

Contact MBOH: https://housing.mt.gov | Phone: 406-841-2840

Did You Know About Montana?

  • Montana has no sales tax and no transfer tax
  • Bozeman and Missoula have high-cost loan limits
  • Significant price growth 2020-2023, now stabilizing
  • Many areas qualify for USDA rural development loans

Frequently Asked Questions About Buying a Home in Montana

What is the average property tax rate in Montana?

The effective property tax rate in Montana is 0.75%, with a median annual tax of $2,535. This ranks #30 among all states.

What are the FHA loan limits in Montana for 2026?

The FHA loan floor in Montana is $524,225 and the ceiling is $1,209,750 for high-cost areas. The conforming loan limit baseline is $806,500.

How much are closing costs in Montana?

Average closing costs in Montana are $3,157, which is approximately 0.6% of the purchase price.

Are there first-time homebuyer programs in Montana?

Yes, Montana offers 2 down payment assistance programs through Montana Board of Housing, including grants, forgivable loans, and second mortgages.

Is Montana a good place to buy a home in 2026?

With a median home price of $523,000 and moderate inventory, Montana is currently a buyer's market. Home prices have decreased 1.5% over the past year.

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Data last updated: 2025-11. This information is for educational purposes only and should not be considered financial advice.