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Mortgage Calculator &
Closing Costs: Great Falls, MT

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

Median Home Price
$265K
Population
60K
Avg Monthly Rent
$1,050
Property Tax Rate
0.74%
Great Falls vs Montana Median
The median home price in Great Falls is $265,000, which is 38% below the Montana state median of $430,000.

Mortgage Calculator — Great Falls, MT

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

$
$53,000
%
%
years
MT avg
%
$
Monthly Payment (PITI)
$1,678
Principal + Interest + Tax + Insurance + PMI
Principal & Interest
$1,340
per month
Taxes & Insurance
$338
per month
Total Interest Paid
$270K
over 30 years
Total Loan Cost
$482K
all payments
Payment Breakdown
Loan Amount$212,000
Principal & Interest$1,340
Property Taxes$163
Homeowners Insurance$175
Total Monthly PITI$1,678

Closing Costs — Great Falls, MT

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

$
%
Montana: Avg closing costs 1.5% of price. Transfer tax: 0%.
Estimated Closing Costs
$9,176
3.5% of purchase price
Lender Fees
$2,333
origination, underwriting
Third-Party
$2,775
appraisal, title, inspection
Government Fees
$0
transfer taxes, recording
Prepaids + Escrow
$4,068
taxes, insurance, interest
Itemized Costs
Loan Origination (0.8%)$1,908
Underwriting Fee$350
Credit Report$75
Appraisal$550
Home Inspection$450
Title Search + Insurance$1,625
Recording Fee$150
Prepaid Taxes (3 mo)$490
Prepaid Insurance (12 mo)$2,100
Prepaid Interest (15 days)$637
Escrow Reserves$840
Total Closing Costs$9,176

Buying a Home in Great Falls, Montana

The median home price in Great Falls is $265,000, 38% below the Montana state median of $430,000. With a population of 60,442, Great Falls is a smaller market where home prices tend to be more accessible than in many parts of Montana.

Property taxes in Montana average 0.74% annually. This moderate property tax rate means a $265,000 home in Great Falls would carry roughly $163/month in property taxes. Homeowners insurance in Montana runs approximately $2,100 per year. This is within the normal range nationally.

Average rent in Great Falls is $1,050/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.

Great Falls presents moderate affordability. The $265K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.

Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Great Falls.
Rent vs Buy Calculator →
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