Watcharu Finance

Idaho mortgage calculator

The median home in Idaho runs about $450,000. With 20% down that's a loan near $360,000 — the calculator is pre-filled with that figure. Idaho's property tax rate is low and a homeowner's exemption shields part of a primary residence's value, but rapid in-migration to the Boise area pushed prices up faster than almost anywhere else in the country.

$2,337.35 / month

Total interest
$481,442
Total paid
$841,442
Payoff
30.0 years
Balance over YearBalance ends near $0 at 30.$0$90k$180k$270k$360k0612182430Year

How it works

A full Idaho payment is more than principal and interest. At the state's 0.63% effective property tax rate, a $450,000 home owes about $2,835 a year in tax, and homeowners insurance averages roughly $1,200 a year here. Together those add about $336 to the monthly payment before any HOA dues or PMI.

Idaho's median household income is about $74,000, or $6,167 a month. Lenders generally want the full housing payment under about 28% of that — roughly $1,727 — which is why a median-priced home is comfortable in some metros and a stretch in others. Homes in Idaho sell in about 45 days on average.

Frequently asked questions

What is a typical mortgage payment in Idaho?
On the state's roughly $450,000 median home with 20% down, the loan is about $360,000. Principal and interest depend on your rate; on top of that, Idaho's 0.63% effective property tax rate and about $1,200 a year in homeowners insurance add roughly $336 per month to the payment.
How much are property taxes on a home in Idaho?
Idaho's effective property tax rate averages about 0.63% of market value — roughly $2,835 a year on the $450,000 median home. Your county sets the actual rate and may assess below market value.
Is homeowners insurance expensive in Idaho?
The average Idaho homeowners policy runs about $1,200 a year. Idaho's property tax rate is low and a homeowner's exemption shields part of a primary residence's value, but rapid in-migration to the Boise area pushed prices up faster than almost anywhere else in the country.
Can I afford a home in Idaho on the median income?
Idaho's median household income is about $74,000 a year, or $6,167 a month. Lenders generally want the full housing payment under about 28% of that — roughly $1,727 — so a median-priced home is a stretch in the pricier metros.
How fast do homes sell in Idaho?
A for-sale home in Idaho spends about 45 days on the market on average, though this varies widely by metro and season.

Learn more: Understanding your mortgage payment

Other Idaho calculators

Related calculators

Mortgage calculator for another state

← Full calculator & all states