Montana mortgage calculator with property tax and insurance
Median home price in Montana: $480,000. Effective property tax 0.79%/yr, homeowners insurance ≈ $1,800/yr. Rates updated Oct 8, 2026.
Payment by loan term
| Term | P&I | All-in | Total interest |
|---|---|---|---|
| 10 yr | $4,558 | $5,024 | $162,978 |
| 15 yr | $3,560 | $4,026 | $256,751 |
| 20 yr | $3,093 | $3,559 | $358,435 |
| 30 yr | $2,685 | $3,151 | $582,594 |
Adjust the numbers
Monthly breakdown
Total interest $582,594 · total PMI $0 · paid off in 30 years
Compare loan terms
| Term | Monthly (P&I) | Total monthly | Total interest |
|---|---|---|---|
| 10 years | $4,558 | $5,024 | $162,978 |
| 15 years | $3,560 | $4,026 | $256,751 |
| 20 years | $3,093 | $3,559 | $358,435 |
| 30 years | $2,685 | $3,151 | $582,594 |
Amortization schedule
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 1 | $28,680 | $3,540 | $380,460 |
| 2 | $28,405 | $3,815 | $376,646 |
| 3 | $28,109 | $4,111 | $372,535 |
| 4 | $27,790 | $4,430 | $368,105 |
| 5 | $27,446 | $4,774 | $363,331 |
| 6 | $27,075 | $5,144 | $358,187 |
| 7 | $26,676 | $5,544 | $352,643 |
| 8 | $26,246 | $5,974 | $346,669 |
| 9 | $25,782 | $6,438 | $340,231 |
| 10 | $25,282 | $6,938 | $333,293 |
| 11 | $24,743 | $7,476 | $325,816 |
| 12 | $24,163 | $8,057 | $317,760 |
| 13 | $23,538 | $8,682 | $309,077 |
| 14 | $22,864 | $9,356 | $299,721 |
| 15 | $22,137 | $10,083 | $289,638 |
| 16 | $21,354 | $10,865 | $278,773 |
| 17 | $20,511 | $11,709 | $267,064 |
| 18 | $19,602 | $12,618 | $254,446 |
| 19 | $18,622 | $13,597 | $240,849 |
| 20 | $17,567 | $14,653 | $226,196 |
| 21 | $16,429 | $15,791 | $210,405 |
| 22 | $15,203 | $17,016 | $193,389 |
| 23 | $13,882 | $18,337 | $175,051 |
| 24 | $12,459 | $19,761 | $155,290 |
| 25 | $10,925 | $21,295 | $133,995 |
| 26 | $9,271 | $22,948 | $111,047 |
| 27 | $7,490 | $24,730 | $86,317 |
| 28 | $5,570 | $26,650 | $59,667 |
| 29 | $3,501 | $28,719 | $30,948 |
| 30 | $1,272 | $30,948 | $0 |
Showing 360 payments. Schedule assumes a fixed rate and constant home value for PMI cancellation.
Down payment scenarios in Montana
| Down | Cash needed | PMI | Monthly |
|---|---|---|---|
| 3% | $14,400 | $213 | $3,935 |
| 5% | $24,000 | $209 | $3,863 |
| 10% | $48,000 | $198 | $3,685 |
| 15% | $72,000 | $187 | $3,506 |
| 20% | $96,000 | $0 | $3,151 |
| 25% | $120,000 | $0 | $2,983 |
Around the Montana median price
| Home price | P&I | All-in monthly |
|---|---|---|
| $360,000 | $2,014 | $2,401 |
| $480,000 | $2,685 | $3,151 |
| $600,000 | $3,356 | $3,901 |
| $720,000 | $4,027 | $4,651 |
Detailed payment examples
FAQ
What is the average property tax rate in Montana?
Montana's effective property tax rate is about 0.79% of home value per year, which is $316 per month on a $480,000 home. Rates vary by county and by exemptions, so treat this as a planning estimate.
How much is homeowners insurance in Montana?
A typical Montana policy runs around $1,800 per year ($150 per month). Coastal and hail-prone areas can be significantly higher.
Is a $480,000 home affordable in Montana?
At 7.50% with 20% down, the estimated all-in payment is $3,151 per month. Using the 28% rule that implies a household income near $135,000 per year before other debts.