Finance · Idaho

Idaho Mortgage Calculator (2026)

Calculate your monthly payment with Idaho-specific property tax (0.69%) and average insurance ($1,100/yr).

Idaho defaults: property tax ≈ 0.69% of home value · homeowners insurance ≈ $1,100/year · median home value ≈ $482,000. The calculator is preset with these — adjust for your situation.
Standard loan; PMI if DP < 20%, drops at 78% LTV.
Annual costs

Monthly payment

$3,435.67
PITI + PMI/MIP

Payment breakdown

Principal & interest
$2,886.08
Property tax
$277.17
Insurance
$91.67
PMI
Drops month 115
$180.75
Total monthly
$3,435.67

Loan summary

Loan amount
90.0% LTV
$433,800
Total interest paid
$605,190

Amortization schedule (first 12 + every 12 months)

MonthPrincipalInterestPMI/MIPBalance
1$355.58$2,530.50$180.75$433,444
2$357.66$2,528.43$180.75$433,087
3$359.74$2,526.34$180.75$432,727
4$361.84$2,524.24$180.75$432,365
5$363.95$2,522.13$180.75$432,001
6$366.08$2,520.01$180.75$431,635
7$368.21$2,517.87$180.75$431,267
8$370.36$2,515.72$180.75$430,897
9$372.52$2,513.56$180.75$430,524
10$374.69$2,511.39$180.75$430,149
11$376.88$2,509.20$180.75$429,772
12$379.08$2,507.01$180.75$429,393
24$406.48$2,479.60$180.75$424,668
36$435.86$2,450.22$180.75$419,602
48$467.37$2,418.71$180.75$414,169
60$501.16$2,384.92$180.75$408,343
72$537.39$2,348.69$180.75$402,096
84$576.24$2,309.85$180.75$395,397
96$617.89$2,268.19$180.75$388,215
108$662.56$2,223.52$180.75$380,513
120$710.46$2,175.63$372,254
132$761.81$2,124.27$363,398
144$816.89$2,069.20$353,902
156$875.94$2,010.14$343,720
168$939.26$1,946.82$332,802
180$1,007.16$1,878.92$321,094
192$1,079.97$1,806.11$308,540
204$1,158.04$1,728.04$295,078
216$1,241.75$1,644.33$280,643
228$1,331.52$1,554.56$265,165
240$1,427.78$1,458.31$248,568
252$1,530.99$1,355.09$230,771
264$1,641.66$1,244.42$211,687
276$1,760.34$1,125.74$191,224
288$1,887.60$998.49$169,282
300$2,024.05$862.03$145,753
312$2,170.37$715.71$120,523
324$2,327.26$558.82$93,470
336$2,495.50$390.58$64,461
348$2,675.90$210.18$33,355
360$2,869.34$16.74$0

What the payment actually costs

The carrying cost that lenders leave out of the headline number: at 0.69% effective, Idaho sits 38th of 51 states and adds around $230 a month to a $400,000 home, or $2,760 a year.

Homeowners insurance runs about $1,100 a year in Idaho, 42nd of 51 states and below the $1,552 national average. Together, tax and insurance add roughly $322 a month to the payment before you have paid a dollar of principal.

How this fits the rest of your tax bill

The trade-off runs the other way here. Idaho property tax is low at 0.69% — 38th of 51 — but the state does tax income. Owners get off comparatively lightly; the cost shows up on the pay stub instead, which favours buyers with modest incomes and large homes over high earners in small ones.

Housing costs compound with the rate. Idaho runs about 7% below national-average costs, so the same 0.69% rate applies to a smaller assessed value than it would elsewhere. A percentage rate is only half the number that matters; the base it applies to is the other half.

Property tax rates are effective statewide averages; your county assessor sets the actual figure and it varies widely within a state. See our methodology.

Frequently Asked Questions

What's the average property tax rate in Idaho?
Idaho's effective property tax rate is approximately 0.69% of home value per year. On a $482,000 home, that's about $3,326 per year (or $277/month). The calculator above uses this as the default — adjust if your specific county is higher or lower.
What's a typical homeowners insurance cost in Idaho?
The average annual homeowners insurance premium in Idaho is around $1,100 for a typical home. High-risk states (Florida, Louisiana, Texas) tend to be higher due to hurricane/flood/wildfire exposure; low-cost states (Oregon, Hawaii, DC) sit at $1,000 or less.
How much do I need to put down on a Idaho mortgage?
Conventional loans typically require 5-20% down. FHA allows just 3.5% down with a 580+ credit score. VA loans (military) allow 0% down. Putting 20%+ avoids PMI entirely on conventional loans, saving you 0.5-1% of the loan amount per year.
What credit score do I need to buy a home in Idaho?
Conventional: 620 minimum (740+ for best rates). FHA: 580 with 3.5% down, or 500 with 10% down. VA: most lenders want 620 even though VA itself has no minimum. Higher credit = lower rate = thousands in savings over the life of the loan.
Should I rent or buy in this market?
Generally buying makes sense if you plan to stay 5+ years and your monthly payment (including taxes, insurance, maintenance) is within ~30% of your gross income. Use the calculator above to see your real monthly cost — many buyers underestimate the non-mortgage costs by 30-40%.

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