Mortgage payment estimates, closing cost breakdowns, and first-time buyer programs for Montana homebuyers.
Pre-filled with Montana medians. Adjust for your property.
Estimated closing costs based on Montana tax rates and fees.
The median home price in Montana is $430,000, with property taxes averaging 0.74% annually. Montana's property tax rate is roughly in line with the national average.
Closing costs in Montana average $6K (1.5%% of purchase price). Montana does not charge a transfer tax, which helps keep closing costs lower. Homeowners insurance runs approximately $2,100 per year. This is within the normal range nationally.
Montana offers the MBOH Regular Bond Program for first-time buyers: Up to $15,000 DPA. Contact your state housing finance agency or a HUD-approved housing counselor for eligibility details and application steps.
Montana is a higher-cost market. At $430K median, buyers need significant savings or strong income. Down payment assistance and competitive rate-shopping become especially important.