Can I Afford a $100K Home in Montana?
Complete mortgage breakdown for a $100,000 home in Montana, including monthly payments, property taxes, insurance, and the salary you need to qualify.
Estimated Monthly Payment (20% down)
$737/mo
P&I: $526 + Tax: $62 + Insurance: $150
Monthly Payment by Down Payment
| Down Payment | Amount | Monthly | Income Needed |
|---|---|---|---|
| 3% | $3,000 | $889 | $38,113 |
| 5% | $5,000 | $875 | $37,514 |
| 10% | $10,000 | $840 | $36,017 |
| 20% | $20,000 | $737 | $31,595 |
Monthly Cost Breakdown (Montana)
Principal & Interest
$526/mo
Property Tax (0.74%)
$62/mo
Homeowners Insurance
$150/mo
Total Interest (30-yr)
$109,195
Affordability Rules of Thumb
28% Rule (Housing)
$31,595/yr
Minimum gross income
36% Rule (All Debt)
$24,574/yr
If no other debt
3Ã Income Rule
$33,333/yr
Conservative target
Buying a $100K Home in Montana
A $100,000 home in Montana is at or below the national median home price. With a 20% down payment of $20,000, your estimated monthly payment of $737 is achievable on a salary of $31,595 or more. Montana's property tax rate of 0.74% is near the national average.
These estimates assume a 6.875% 30-year fixed mortgage rate. Use our mortgage calculator for custom scenarios, or check what salary you can afford in Montana.