Mortgage Calculator for Idaho — Includes Property Tax & Insurance
In Idaho, the median home costs $430,000, and property taxes there are among the lowest in the country at an average of 0.69% of assessed value — which adds roughly $247 to the monthly payment on a median-priced Idaho home. Homeowners insurance in Idaho averages $1,100 a year ($92/month), below the national average. Putting 20% down at Idaho's typical 30-year fixed rate of 7.08%, your full PITI payment — principal, interest, taxes, and insurance — comes to about $2,646 per month. The calculator below is pre-filled with these Idaho figures so you can adjust any input and see the impact instantly.
A buyer earning Idaho's median household income of $66,000 would dedicate roughly 48% of gross monthly income to housing — significantly strained by the standard 28% guideline.
Median Home Price
$430,000
Avg 30-yr Rate
7.08%
Property Tax Rate
0.69%/yr
Est. Monthly PITI
$2,646
Mortgage Calculator
Total Monthly Payment
$2,646.07
Loan Amount
$344,000
Total Paid
$830,575
Total Interest
$486,575
How to Get a Mortgage in Idaho
- 1 Check your credit score. In Idaho, most conventional lenders require 620+; FHA allows 580+ with 3.5% down.
- 2 Save for your down payment. On a $430,000 Idaho home, 20% down is $86,000 — avoiding PMI and reducing your monthly payment.
- 3 Get pre-approved from 2–3 lenders. Rates in Idaho average 7.08%, but shopping lenders often saves 0.25–0.5%.
- 4 Account for closing costs — typically 2–5% of the loan amount, or $10,320–$17,200 on a median Idaho purchase.
- 5 Budget for ongoing costs: Idaho property taxes average 0.69%/yr ($2,967/yr on the median home), plus homeowner's insurance averaging $1,100/yr.
Monthly Cost Breakdown — Median Idaho Home
Excludes HOA fees, PMI (not required with 20% down), and utilities.
Idaho Mortgage FAQs
What is the average home price in Idaho?
The median home price in Idaho is $430,000 (2024 estimate). With a typical 20% down payment of $86,000, a buyer would finance $344,000 at a 30-year fixed rate.
What are property taxes like in Idaho?
Idaho has an average effective property tax rate of 0.69% of assessed home value. On a $430,000 home, that's approximately $2,967 per year ($247/month) — below the national average of 1.07%.
How much income do I need to buy a home in Idaho?
To keep housing costs at or below the recommended 28% of gross monthly income on a median-priced Idaho home, you'd need to earn roughly $113,403 per year. The state's median household income is $66,000, meaning the typical household allocates about 48% of gross income to housing — significantly strained.
What is the average mortgage rate in Idaho?
The average 30-year fixed mortgage rate in Idaho is approximately 7.08% (2024 average). Rates vary by lender, credit score, loan-to-value ratio, and loan type. Borrowers with credit scores above 740 typically qualify for the best available rates.
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