Mortgage Calculator in Montana

Montana has transformed from a sleepy Big Sky market into one of the fastest-appreciating in the Mountain West, with a median home price of $523,000 that reflects the explosion of remote-worker demand in cities like Bozeman, Missoula, and Whitefish. Property taxes are relatively low at 0.84%, adding about $4,393 annually on a median-priced home — a modest carrying cost by national standards. Montana stands out for one major financial advantage: no sales tax at all. That means no tax on building materials, appliances, or contractor services, which reduces the real cost of new construction and renovation. Closing costs average 1.5%, translating to roughly $7,845 upfront on a median purchase. First-time buyers should look at the MBOH Bond Advantage and MBOH Regular Bond programs from the Montana Board of Housing, both offering below-market rates with down payment assistance. A 10% down payment on a $523,000 home requires saving $52,300, a significant hurdle that the MBOH programs can partially offset. Competition is fierce in resort-adjacent markets, with cash buyers common. Use the mortgage calculator to model how Montana's rates and taxes stack up in your monthly payment.