Cost of Ownership · Montana
The true cost of owning a home in Montana
For a median $375,800 home in Montana, here is the full monthly cost — not just the mortgage. Built from public data: the state's median home value and effective property-tax rate, its average homeowners premium, and the current 30-year rate. This is a representative example, not a quote.
Lender-approved payment
$2,658/mo
PITI + PMI
True monthly cost
$2,971/mo
everything, incl. upkeep
The gap
+$313/mo
what approval leaves out
Effective property-tax rate
0.72%
Avg. homeowners premium
$1,639/yr
NFIP flood claims on record
2,217
Closing costs in Montana
Median closing costs and lender origination charges on real home-purchase loans in Montana, from public CFPB HMDA data. Cells with fewer than 25 loans aren't shown.
Median total closing costs
$7,545
Typically $5,056–$11,533
Median origination charges
$3,775
Typically $2,009–$6,104
| Loan size | p25 | Median | p75 | Loans |
|---|---|---|---|---|
| All | $5,056 | $7,545 | $11,533 | 9,078 |
| All | $4,799 | $7,243 | $10,928 | 8,722 |
| < $250k | $4,091 | $5,375 | $7,112 | 1,936 |
| < $250k | $3,824 | $5,123 | $6,933 | 2,299 |
| $250k–$500k | $5,454 | $8,132 | $11,977 | 4,851 |
| $250k–$500k | $5,604 | $7,873 | $11,433 | 4,552 |
| $500k–$750k | $5,535 | $9,892 | $13,611 | 1,398 |
| $500k–$750k | $5,545 | $9,842 | $14,152 | 1,578 |
| > $750k | $6,272 | $9,816 | $15,905 | 713 |
| > $750k | $6,627 | $11,381 | $19,060 | 473 |
Compare your own Loan Estimate with the Loan Estimate Decoder, or see every state in the Fee & Rate Index.
Common questions about buying a home in Montana
- What are the median closing costs in Montana?
- Median total closing costs — lender and third-party charges — on a home-purchase loan in Montana are about $7,545, from public CFPB HMDA data. Cells with fewer than 25 loans are suppressed.
- What is the effective property-tax rate in Montana?
- The effective property-tax rate in Montana is about 0.72%, from the Census American Community Survey (median real estate taxes divided by median home value).
- What does a median home cost to own each month in Montana?
- A median $375,800 home in Montana costs about $2,971 a month to own — principal, interest, property tax, insurance, PMI, and a maintenance reserve — versus a lender-approved payment of about $2,658. Every figure is from public data.
These figures use Montana's median home value and a 10% down payment as a representative example. Your price, rate, and county rate will differ — run your own numbers in the True Cost tool, see how Montana ranks on property tax and insurance, or browse every state.