Mortgage Rates in Townsend, Montana — March 2026
Updated March 2026 | Based on Townsend market data and regional lending conditions
Townsend is a growing city in Montana with a population of 2,073. The current 30-year fixed mortgage rate in Townsend is 6.8%, which is 0.15% above the national average. With a median home price of $294,000 and a 20% down payment of $58,800, homebuyers can expect a monthly principal and interest payment of approximately $1,533.
Current Mortgage Rates in Townsend, MT
Below are the current average mortgage rates available in the Townsend 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 | 6.8% | 6.65% | +0.15% |
| 15-Year Fixed | 6.03% | 5.89% | +0.14% |
| 5/1 ARM | 6.28% | 6.15% | +0.13% |
| FHA | 6.53% | 6.25% | +0.28% |
| VA | 6.28% | 6.05% | +0.23% |
| Jumbo | 7.05% | 6.85% | +0.2% |
Townsend Housing Market Overview
The Townsend housing market offers relatively affordable housing compared to many major cities. The median household income in Townsend is $53,300, and the cost of living index is 94.7 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $73,157 to comfortably afford the median-priced home in Townsend, which exceeds the current median household income.
Monthly Payment Breakdown for Townsend
Based on the median home price of $294,000 with 20% down ($58,800), here is what you can expect to pay monthly in Townsend:
15-Year vs. 30-Year Mortgage in Townsend
Choosing a 15-year mortgage in Townsend at 6.03% instead of a 30-year at 6.8% would save you $193,860 in total interest over the life of the loan. However, your monthly payment would be $1,989 instead of $1,533 — an increase of $456 per month.
Calculate Your Townsend Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Townsend
What are the current mortgage rates in Townsend, MT?
As of March 2026, the average 30-year fixed mortgage rate in Townsend, Montana is 6.8%, while the 15-year fixed rate is 6.03%. FHA loans average 6.53% and VA loans 6.28%. These rates are 0.15% above the national average of 6.65%.
How much is a monthly mortgage payment in Townsend?
Based on the median home price of $294,000 with 20% down, the estimated monthly mortgage payment in Townsend is $1,533 for principal and interest. Including property taxes of $174/month, the total monthly housing cost is approximately $1,707.
What income do I need to buy a home in Townsend?
Using the 28% rule, you would need an annual income of approximately $73,157 to afford the median-priced home in Townsend at $294,000. The median household income in Townsend is $53,300. This means most households would need to either earn above the median or consider homes below $294,000.
Is Townsend a good place to buy a home in 2026?
Townsend offers a below-average cost of living with a cost of living index of 94.7 (national average = 100). The property tax rate in Montana is 0.71%, which is below the national average. Townsend has a population of 2,073 and offers a very affordable 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 Townsend, Montana area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.