Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Montana and Oklahoma. Updated for 2026.
Montana and Oklahoma are evenly matched across major housing cost categories. Your decision may come down to other factors like job market, climate, or lifestyle preferences. Use the calculators below to model your specific scenario.
Estimated PITI payments assuming 10% down, 6.5% rate, 30-year fixed mortgage with PMI.
Buying in Oklahoma saves you approximately $1,321/month ($15,852/year) compared to Montana, based on median home prices with identical loan terms.
There's a dramatic price gap between these two states. Homes in Oklahoma cost 51% less than in Montana — that's a difference of $220K on the median home. For buyers relocating from Montana to Oklahoma, this can mean upgrading significantly or pocketing substantial savings. The equity you've built in a Montana home could fund a much larger down payment in Oklahoma, potentially eliminating PMI and reducing your monthly payment dramatically.
Property tax rates are similar in both states (Montana: 0.74%, Oklahoma: 0.88%), 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.
Insurance costs favor Montana at $2,100/year versus $3,600/year in Oklahoma, a difference of $1,500 annually. While not the largest cost factor, this adds up to over $15K over a decade of homeownership. Shop multiple carriers in either state — actual premiums depend on your specific property, coverage level, and claims history.
Closing costs are a one-time but significant expense. Montana averages $6K in closing costs (1.5% of purchase price) while Oklahoma averages $3K (1.3%). 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. Montana's MBOH Regular Bond Program provides Up to $15,000 DPA, while Oklahoma's OHFA Homebuyer DPA offers Up to 3.5% 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: Oklahoma homes cost $220K less than Montana on average. That translates to roughly $1,321 less per month in total housing costs if you choose Oklahoma. For most buyers, this price gap is the single biggest factor — it affects your loan size, monthly payment, and how quickly you build equity.