Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Missouri and Montana. Updated for 2026.
Missouri wins 3 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $235K and lower overall costs, Missouri offers meaningful savings compared to Montana. 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 Missouri saves you approximately $1,250/month ($15,000/year) compared to Montana, based on median home prices with identical loan terms.
Missouri offers meaningfully lower home prices than Montana, with median prices running 45% less ($195K difference). This gap translates to both a smaller loan and lower monthly payments. First-time buyers priced out of Montana may find Missouri far more accessible, particularly when combined with local down payment assistance programs.
Property tax rates are similar in both states (Missouri: 0.97%, 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.
Closing costs are a one-time but significant expense. Montana averages $6K in closing costs (1.5% of purchase price) while Missouri averages $2K (0.9%). The difference is spread across title insurance, attorney fees, and recording costs rather than a single large tax. Budget for these upfront costs — they affect how much cash you need on hand at closing.
Both states offer down payment assistance for first-time buyers. Missouri's MHDC First Place Loan provides Up to 4% cash assistance, 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: Missouri homes cost $195K less than Montana on average. That translates to roughly $1,250 less per month in total housing costs if you choose Missouri. For most buyers, this price gap is the single biggest factor — it affects your loan size, monthly payment, and how quickly you build equity.