Mortgage Refinance Rates in Montana (2026)
With Montana's median value near $470,000, a homeowner refinancing a typical $320,000 balance from about 7.50% to 6.25% saves roughly $267/month — breaking even on ~$8,000 of costs near month 30.
Refinancing in Montana comes in three flavors: lower your rate, shorten your term, or pull out equity to 80% LTV. Montana uses the $806,500 conforming baseline statewide.
Refinance snapshot by Montana county
| County | Est. Value | 2026 Conforming Limit | Tier |
|---|---|---|---|
| Yellowstone County | $470,000 | $806,500 | Baseline |
| Gallatin County | $470,000 | $806,500 | Baseline |
| Missoula County | $470,000 | $806,500 | Baseline |
| Flathead County | $470,000 | $806,500 | Baseline |
| Cascade County | $470,000 | $806,500 | Baseline |
| Lewis and Clark County | $470,000 | $806,500 | Baseline |
| Ravalli County | $470,000 | $806,500 | Baseline |
| Silver Bow County | $470,000 | $806,500 | Baseline |
| Lake County | $470,000 | $806,500 | Baseline |
| Lincoln County | $470,000 | $806,500 | Baseline |
| Park County | $470,000 | $806,500 | Baseline |
| Custer County | $470,000 | $806,500 | Baseline |
| Big Horn County | $470,000 | $806,500 | Baseline |
| Carbon County | $470,000 | $806,500 | Baseline |
| Hill County | $470,000 | $806,500 | Baseline |
| Glacier County | $470,000 | $806,500 | Baseline |
| Roosevelt County | $470,000 | $806,500 | Baseline |
| Sanders County | $470,000 | $806,500 | Baseline |
Should you refinance in Montana?
It comes down to your break-even. Take your closing costs (often 2-5% of the balance) and divide by your monthly savings — if you will stay in the home past that month count, refinancing usually wins. Cash-out makes sense when the rate and use of funds beat your other borrowing options.
Lower Your Payment — Free Alerts
Refinance rates move daily and the right dip can save hundreds a month. We will tell you the moment it makes sense.
Frequently Asked Questions
- How much can refinancing save in Montana?
- On a $320,000 balance near the Montana median, dropping from ~7.50% to 6.25% saves about $267/month. Your figure depends on your current rate and balance.
- What is the conforming loan limit in Montana for 2026?
- Most Montana counties use the $806,500 baseline; high-cost counties go up to $1,209,750. Above that, refinances are jumbo loans.