Mortgage Calculator in Idaho

Calculate your monthly mortgage payment in Idaho using the 2026 median home price of $415K and current local rates. Adjust the inputs below to match your situation.

Idaho Housing Market at a Glance (2026)

$415K

Median Home Price

6.87%

Avg Mortgage Rate

0.69%

Property Tax Rate

10%

Typical Down Payment

Buying a Home in Idaho: Costs to Know

Average closing costs1.3% of purchase price

On a $415K home, closing costs ≈$5,395

Median household income$62,000/yr

State income tax (top rate)5.8%

First-Time Buyer Programs in Idaho

Idaho offers state-sponsored programs that can reduce your down payment or closing costs:

✓IFA First Loan
✓Home Buyer Savings Account

How Mortgage Payments Work in Idaho

A standard mortgage payment in Idaho is calculated using the amortization formula:M = P[r(1+r)^n] / [(1+r)^n - 1]

Where P is the loan principal, r is the monthly interest rate (annual rate ÷ 12), and n is the number of monthly payments. On a $415K home in Idaho with a 10% down payment at 6.87% over 30 years, your principal and interest payment comes to approximately $2,452/month— not including property taxes or homeowner's insurance.

Idaho's property tax rate of 0.69% adds roughly $239/month to your total housing cost on a $415K home. This rate is below the national average of ~1.1%, which helps keep total housing costs lower.

Idaho vs. National Average

Metric	Idaho	National Avg
Median Home Price	$415,000	$420,000
Property Tax Rate	0.69%	1.07%
Avg Mortgage Rate	6.87%	6.85%
Cost of Living Index	97	100

Frequently Asked Questions — Mortgage Calculator in Idaho

What is the average mortgage payment in Idaho?+

Based on the median home price of $415K in Idaho with a 10% down payment and 6.87% rate (30-year fixed), the estimated monthly principal and interest payment is approximately $2,452. Adding property taxes (~$239/mo) and homeowner's insurance, total PITI is typically $2,841–$2,941/month.

What is the property tax rate in Idaho?+

Idaho has an average effective property tax rate of 0.69%. On the median home price of $415K, that equals roughly $2,864 per year — or $239 added to your monthly mortgage payment. This is below the national average of ~1.1%, which helps lower total housing costs in Idaho.

How much down payment do I need to buy a home in Idaho?+

The typical down payment in Idaho is 10% — about $41,500 on the median $415K home. Conventional loans require as little as 3% down; FHA loans allow 3.5%. First-time buyers may also qualify for assistance through programs like IFA First Loan.

What are closing costs in Idaho?+

Average closing costs in Idaho are approximately 1.3% of the purchase price — about $5,395 on the median $415K home. Closing costs include lender origination fees, title insurance, escrow, prepaid interest, and government recording fees.

What income do I need to afford the median home in Idaho?+

To afford the $415K median home in Idaho under the 28% housing-cost rule, you need a gross monthly income of at least $10,146 — roughly $122K/year. The median household income in Idaho is $62,000.

Data Sources & Methodology

State data sourced from the National Association of Realtors (median home prices), Tax Foundation (property tax rates, income tax), Freddie Mac PMMS (mortgage rates), ATTOM Data Solutions (closing costs), and U.S. Census Bureau ACS (household income). Last updated 2026.