Idaho Mortgage Calculator

Calculate your monthly mortgage payment in Idaho. Pre-filled with Idaho's average property tax rate of 0.63%. See principal, interest, PMI, property taxes, and insurance.

$70,000

Monthly Payment Breakdown

Principal & Interest
$1,770
Property Tax
$184
Homeowner's Insurance
$100
Total Monthly Payment
$2,054

Loan Summary

Home Price
$350,000
Down Payment
$70,000
Loan Amount
$280,000
Total Interest
$357,125
Total Cost(P&I + down payment)
$707,124

See how this mortgage fits your financial plan

Your estimated payment is $2,054/month. See how it fits alongside your income, savings, investments, and other expenses over time.

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Idaho Housing Overview

Idaho has an average property tax rate of 0.63%. Idaho's cost of living is about 3% below the national average, though Boise has become more expensive due to rapid growth.

Property Tax: 0.63%Flat 5.8% rateGrowing tech industry in BoiseNo tax on Social Security

Buying a Home in Idaho

If you're considering buying a home in Idaho, understanding the local housing market and costs is essential. Property taxes, insurance rates, and home prices vary significantly by area within the state. This calculator pre-fills Idaho's average property tax rate of 0.63% to give you a more accurate estimate.

Idaho Property Taxes

Idaho has an average effective property tax rate of 0.63%. Property taxes are a significant component of your monthly housing cost — on a $350,000 home, a 0.63% rate means approximately $2205 per year, or $184 per month in property taxes alone.

Cost of Living in Idaho

Idaho's cost of living is about 3% below the national average, though Boise has become more expensive due to rapid growth. When evaluating whether to buy a home in Idaho, consider how your mortgage payment plus other housing costs fit within the recommended 28% of gross income guideline.

Financial Tips for Idaho Homebuyers

  • Idaho's flat 5.8% rate provides predictable tax planning
  • Boise's growing tech scene offers competitive salaries with a lower cost of living
  • Idaho has no tax on Social Security benefits
  • Idaho's cost of living is slightly below the national average despite rapid growth

Key Idaho Features

  • Flat 5.8% rate
  • Growing tech industry in Boise
  • No tax on Social Security

See How Your Idaho Mortgage Fits Your Financial Plan

This calculator shows your Idaho mortgage payment. Trajectoryy's full simulator shows how that payment fits alongside your income, taxes, savings, investments, and more.

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Compare Idaho Mortgage Costs with Other States

Washington0.93% property taxOregon0.90% property taxMontana0.74% property taxCalifornia0.71% property taxTexas1.80% property taxNew York1.46% property tax

Frequently Asked Questions

What is the average property tax rate in Idaho?
The average effective property tax rate in Idaho is approximately 0.63%. This rate is applied to the assessed value of your property, which may differ from the market value depending on Idaho's assessment practices. Property tax rates can also vary significantly by county and municipality within the state.
How much does a typical mortgage payment cost in Idaho?
Your mortgage payment in Idaho depends on the home price, your down payment, interest rate, and loan term. With Idaho's average property tax rate of 0.63%, property taxes add a meaningful amount to your monthly payment. Use the calculator above with your specific numbers to get an accurate estimate.
Is Idaho an affordable state to buy a home?
Idaho's cost of living is about 3% below the national average, though Boise has become more expensive due to rapid growth. When evaluating affordability in Idaho, consider not just the home price but also property taxes (0.63% average), homeowner's insurance costs, and any HOA fees common in your area.
How do Idaho property taxes compare to other states?
Idaho's average property tax rate of 0.63% can be compared against the national average of roughly 1.1%. States like New Jersey (2.23%) and Illinois (1.97%) have among the highest rates, while Hawaii (0.28%) and Alabama (0.40%) have among the lowest.
What first-time homebuyer programs are available in Idaho?
Most states, including Idaho, offer first-time homebuyer programs through their state housing finance agency. These typically include down payment assistance, below-market interest rates, and closing cost grants. Check with Idaho's housing authority and the FHA, VA, and USDA loan programs for additional options.

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