Montana First-Time Homebuyer Calculator
Montana planning example: $59,024 cash on $476,000 at 10% down and 2.4% closing costs. Insurance opens at $1,904/year, an editable illustration.
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Pre-filled: Census/Zillow
Additional Details
Pre-filled: Census Bureau
Pre-filled: Tax Foundation
Additional Details
Down Payment Amount
Estimated • Based on your inputs
Total Upfront Cash Needed
$59,024.00
Total Monthly Payment
$3,448.00
Detailed Breakdown
Disclaimer: This calculator provides estimates for informational purposes only. Results should not be considered financial, tax, or legal advice. Consult a qualified professional for your specific situation.
How This Calculator Works
Calculation methodology and assumptions
Montana: $476,000 home value, 0.61% tax and $75,340 annual income open the form. Insurance starts at $1,904/year ($159/month): an illustrative 0.4% of price, not a verified state premium. Replace with your quote. Conventional PMI only; income share excludes other debts.
Key State Information
Montana planning inputs: Median home value $476,000 | 20% down illustration $95,200 | Closing-cost illustration $11,424 at the editable 2.4% default | Effective property tax input 0.61%.
Example Calculation
Montana: $476,000 purchase-price illustration against $75,340 gross annual income.
10% down ($47,600) leaves $428,400 borrowed for 30 years at 6.75%: $2,779 monthly principal and interest. The 0.75% PMI entry adds $268; 0.61% property tax adds $242. The illustrative $1,904/year entry adds $159 homeowners insurance. Closing costs at 2.4% add $11,424.
Result: Cash to close in this model: $59,024. Monthly housing payment: $3,448, or 54.92% of gross income. Housing-only, with rounded monthly components; see the linked national method for excluded costs.
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StateCalc Team
Editorial Team
The StateCalc team builds free financial calculators using data from official government sources including the IRS, U.S. Census Bureau, BLS, and state revenue departments. All formulas are validated by an automated test suite and cross-referenced against published data.
Our editorial standardsFrequently Asked Questions
How much cash is in the Montana opening example?
$47,600 down plus $11,424 at the illustrative 2.4% closing-cost entry gives $59,024 on a $476,000 home. Replace these assumptions with your Loan Estimate; missing prepaids, escrow and reserves are extra.
Is $1,904 a Montana insurance quote?
No. $476,000 × 0.4% gives the illustrative annual entry of $1,904, divided by 12 and rounded to $159/month. Enter your insurer's actual quote; this is not a measured Montana premium.
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