CALCMONEY // MORTGAGE // MT // BILLINGS
Calculate your monthly mortgage payment using Billings-specific property tax rates and local market data.
$380,000
6.95%
0.83%
97
| Principal & Interest | $2,012 |
| Property Tax | $263 |
| Homeowners Insurance (est.) | $127 |
| Total Monthly Payment (PITI) | $2,402 |
$76,000
$420,436
$102,935/yr
Buying the median home in Billings means financing $380,000. Against the area's $68,000 median household income, that works out to a 5.6x price-to-income ratio.
Property taxes in Billings run 0.83% of assessed value, below the 1.1% national average. On the median home, that's $3,154 a year, or $263 added to the monthly payment.
Between the $2,402/month mortgage payment and Montana's state income tax, your real housing cost calculation needs your after-tax number, not your gross salary.
Beyond housing, Billings's cost of living index sits at 97 (national average = 100), running below the national baseline for groceries, transportation, and everyday services.
Billings's median home price runs 17% lower than nearby Missoula: $460,000 there versus $380,000 here.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $304,000 loan saves $13,680 in interest over 30 years.
Compare Top Billings Mortgage Lenders