Mortgage Rates in Thompson Falls, Montana — March 2026
Updated March 2026 | Based on Thompson Falls market data and regional lending conditions
Thompson Falls is a growing city in Montana with a population of 1,448. The current 30-year fixed mortgage rate in Thompson Falls is 6.76%, which is 0.11% above the national average. With a median home price of $307,000 and a 20% down payment of $61,400, homebuyers can expect a monthly principal and interest payment of approximately $1,595.
Current Mortgage Rates in Thompson Falls, MT
Below are the current average mortgage rates available in the Thompson Falls area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.76% | 6.65% | +0.11% |
| 15-Year Fixed | 6% | 5.89% | +0.11% |
| 5/1 ARM | 6.25% | 6.15% | +0.1% |
| FHA | 6.5% | 6.25% | +0.25% |
| VA | 6.25% | 6.05% | +0.2% |
| Jumbo | 7.01% | 6.85% | +0.16% |
Thompson Falls Housing Market Overview
The Thompson Falls housing market reflects moderate demand with prices near the national average. The median household income in Thompson Falls is $58,400, and the cost of living index is 100.8 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $77,014 to comfortably afford the median-priced home in Thompson Falls, which exceeds the current median household income.
Monthly Payment Breakdown for Thompson Falls
Based on the median home price of $307,000 with 20% down ($61,400), here is what you can expect to pay monthly in Thompson Falls:
15-Year vs. 30-Year Mortgage in Thompson Falls
Choosing a 15-year mortgage in Thompson Falls at 6% instead of a 30-year at 6.76% would save you $201,060 in total interest over the life of the loan. However, your monthly payment would be $2,073 instead of $1,595 — an increase of $478 per month.
Calculate Your Thompson Falls Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Thompson Falls
What are the current mortgage rates in Thompson Falls, MT?
As of March 2026, the average 30-year fixed mortgage rate in Thompson Falls, Montana is 6.76%, while the 15-year fixed rate is 6%. FHA loans average 6.5% and VA loans 6.25%. These rates are 0.11% above the national average of 6.65%.
How much is a monthly mortgage payment in Thompson Falls?
Based on the median home price of $307,000 with 20% down, the estimated monthly mortgage payment in Thompson Falls is $1,595 for principal and interest. Including property taxes of $202/month, the total monthly housing cost is approximately $1,797.
What income do I need to buy a home in Thompson Falls?
Using the 28% rule, you would need an annual income of approximately $77,014 to afford the median-priced home in Thompson Falls at $307,000. The median household income in Thompson Falls is $58,400. This means most households would need to either earn above the median or consider homes below $307,000.
Is Thompson Falls a good place to buy a home in 2026?
Thompson Falls has a moderate cost of living with a cost of living index of 100.8 (national average = 100). The property tax rate in Montana is 0.79%, which is below the national average. Thompson Falls has a population of 1,448 and offers a balanced lifestyle.
Mortgage Rates in Other Montana Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Thompson Falls, Montana area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.