Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Georgia and Montana. Updated for 2026.
Montana wins 3 of 6 cost categories, making it the more affordable state for homebuyers overall. However, Georgia has a lower total cost when combining home price, closing costs, and insurance. Both states offer first-time buyer programs — explore the state pages for full details.
Estimated PITI payments assuming 10% down, 6.5% rate, 30-year fixed mortgage with PMI.
Buying in Georgia saves you approximately $542/month ($6,504/year) compared to Montana, based on median home prices with identical loan terms.
Georgia offers meaningfully lower home prices than Montana, with median prices running 21% less ($90K difference). This gap translates to both a smaller loan and lower monthly payments. First-time buyers priced out of Montana may find Georgia far more accessible, particularly when combined with local down payment assistance programs.
Property tax rates are similar in both states (Georgia: 0.92%, Montana: 0.74%), so taxes shouldn't be the deciding factor in your relocation decision. Instead, focus on differences in home prices, insurance costs, and state-specific programs. Both states collect roughly comparable property tax revenue relative to home values.
Both states offer down payment assistance for first-time buyers. Georgia's Georgia Dream Homeownership provides Up to $10,000 DPA, while Montana's MBOH Regular Bond Program offers Up to $15,000 DPA. These programs can significantly reduce your upfront costs and make homeownership accessible even if you haven't saved a full 20% down payment. Check eligibility requirements on each state's housing finance agency website — income limits and purchase price caps apply.
The bottom line: Georgia and Montana are broadly similar in housing costs, with only $542/month separating them in total PITI payments. In cases like this, your decision should be driven by lifestyle preferences — job opportunities, climate, proximity to family, and quality of life — rather than pure cost savings. Either state offers a reasonable path to homeownership.