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Mortgage Calculator &
Closing Costs: Bozeman, MT

Mortgage payment estimates, closing cost breakdowns, and homebuying data for Bozeman, Montana.

Median Home Price
$625K
Population
53K
Avg Monthly Rent
$1,850
Property Tax Rate
0.74%
Bozeman vs Montana Median
The median home price in Bozeman is $625,000, which is 45% above the Montana state median of $430,000.

Mortgage Calculator — Bozeman, MT

Pre-filled with Bozeman median home price and Montana tax/insurance rates. Adjust for your property.

$
$125,000
%
%
years
MT avg
%
$
Monthly Payment (PITI)
$3,721
Principal + Interest + Tax + Insurance + PMI
Principal & Interest
$3,160
per month
Taxes & Insurance
$560
per month
Total Interest Paid
$638K
over 30 years
Total Loan Cost
$1.1M
all payments
Payment Breakdown
Loan Amount$500,000
Principal & Interest$3,160
Property Taxes$385
Homeowners Insurance$175
Total Monthly PITI$3,721

Closing Costs — Bozeman, MT

Estimated closing costs based on Montana rates and fees applied to Bozeman prices.

$
%
Montana: Avg closing costs 1.5% of price. Transfer tax: 0%.
Estimated Closing Costs
$15,765
2.5% of purchase price
Lender Fees
$4,925
origination, underwriting
Third-Party
$4,575
appraisal, title, inspection
Government Fees
$0
transfer taxes, recording
Prepaids + Escrow
$6,265
taxes, insurance, interest
Itemized Costs
Loan Origination (0.8%)$4,500
Underwriting Fee$350
Credit Report$75
Appraisal$550
Home Inspection$450
Title Search + Insurance$3,425
Recording Fee$150
Prepaid Taxes (3 mo)$1,156
Prepaid Insurance (12 mo)$2,100
Prepaid Interest (15 days)$1,503
Escrow Reserves$1,506
Total Closing Costs$15,765

Buying a Home in Bozeman, Montana

The median home price in Bozeman is $625,000, 45% above the Montana state median of $430,000. With a population of 53,293, Bozeman is a smaller market where home prices reflect strong demand and local economic factors.

Property taxes in Montana average 0.74% annually. This moderate property tax rate means a $625,000 home in Bozeman would carry roughly $385/month in property taxes. Homeowners insurance in Montana runs approximately $2,100 per year. This is within the normal range nationally.

Average rent in Bozeman is $1,850/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.

Bozeman is a higher-cost market. At $625K median, buyers need significant savings or strong income. Down payment assistance through Montana's MBOH Regular Bond Program program becomes especially important.

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Compare total costs of renting vs buying in Bozeman.
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