Idaho Mortgage Calculator
Estimate your monthly mortgage payment in Idaho with state-specific property tax, insurance, and homestead data pre-loaded. Median home value in Idaho is $470,000 with an effective property tax rate of 0.69%.
Mortgage Calculator
Estimate your monthly payment including taxes, insurance, and PMI.
Optional
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
Year 1 | $28,518.96 | $4,202.70 | $24,316.26 | $371,797.30 |
| 1 | $2,376.58 | $339.91 | $2,036.67 | $375,660.09 |
| 2 | $2,376.58 | $341.75 | $2,034.83 | $375,318.34 |
| 3 | $2,376.58 | $343.61 | $2,032.97 | $374,974.73 |
| 4 | $2,376.58 | $345.47 | $2,031.11 | $374,629.26 |
| 5 | $2,376.58 | $347.34 | $2,029.24 | $374,281.92 |
| 6 | $2,376.58 | $349.22 | $2,027.36 | $373,932.70 |
| 7 | $2,376.58 | $351.11 | $2,025.47 | $373,581.59 |
| 8 | $2,376.58 | $353.01 | $2,023.57 | $373,228.58 |
| 9 | $2,376.58 | $354.93 | $2,021.65 | $372,873.65 |
| 10 | $2,376.58 | $356.85 | $2,019.73 | $372,516.80 |
| 11 | $2,376.58 | $358.78 | $2,017.80 | $372,158.02 |
| 12 | $2,376.58 | $360.72 | $2,015.86 | $371,797.30 |
Year 2 | $28,518.96 | $4,484.18 | $24,034.78 | $367,313.12 |
Year 3 | $28,518.96 | $4,784.49 | $23,734.47 | $362,528.63 |
Year 4 | $28,518.96 | $5,104.90 | $23,414.06 | $357,423.73 |
Year 5 | $28,518.96 | $5,446.79 | $23,072.17 | $351,976.94 |
What is a Mortgage Calculator?
A mortgage calculator helps you estimate your total monthly housing payment, including principal, interest, property taxes, home insurance, and private mortgage insurance (PMI). This gives you a complete picture of what homeownership will cost each month.
Unlike a simple loan calculator, a mortgage calculator accounts for additional costs that come with buying a home. Property taxes and insurance are typically required by lenders to be included in your monthly payment through an escrow account.
All calculations happen in your browser. No financial data is sent to any server, so your information stays completely private.
Idaho Housing Snapshot
| Median Home Value | $470,000 |
| Effective Property Tax Rate | 0.69% |
| Estimated Annual Property Tax | $3,243 |
| State Income Tax | Flat 5.695% |
| Homestead Exemption | $175,000 plus annual cost-of-living adjustment |
| Avg Homeowners Insurance | $990/yr |
| Transfer & Recording Taxes | No state real estate transfer tax |
What Makes Buying in Idaho Different
Idaho was the fastest-growing US state by percentage from 2018 to 2023, fueled by California and Pacific Northwest migration to Boise, Meridian, and Coeur d'Alene. The Boise area median home value of $510,000 represents roughly a doubling from 2018, though the market has stabilized since the rate-hike cycle. Property tax is moderate at 0.69% effective on a median $470,000 home, around $3,240 per year. The state moved to a flat 5.695% income tax in 2024, replacing a previous five-bracket system that topped at 6%. Idaho's homestead exemption protects $175,000 in home equity (adjusted annually for cost of living), one of the more generous in the Mountain West. Insurance averages $990 per year, very low by national standards, though wildfire exposure in panhandle and central Idaho can push premiums significantly higher in WUI zones. No state real estate transfer tax keeps closing costs manageable.
Top Cities in Idaho
| City | Median Home Value |
|---|---|
| Boise | $510,000 |
| Meridian | $545,000 |
| Nampa | $425,000 |
| Idaho Falls | $365,000 |
| Coeur d'Alene | $565,000 |
Idaho's price growth has moderated from the 2020-2022 surge but remains above national averages. Boise's median is around $510,000, roughly double pre-pandemic levels. Coeur d'Alene in northern Idaho has seen similar appreciation driven by Spokane, Seattle, and California migration. Smaller markets like Idaho Falls and Pocatello remain more affordable in the $300,000-$400,000 median range.
Yes. The Idaho homestead exemption protects up to $175,000 of home equity (adjusted annually for cost of living, indexed to the consumer price index). For owner-occupied primary residences, Idaho also limits the taxable portion of the home to 50% of assessed value or the homestead cap, whichever is less, on the homeowner's exemption.
Northern Idaho (Coeur d'Alene, Sandpoint) and central Idaho (Sun Valley area) have growing wildfire exposure. While the state average insurance is $990 per year, WUI properties can pay $2,500 to $5,000 annually, and some carriers are restricting new policies in high-risk zones. Get an actual insurance quote before buying in forested areas.
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Mortgage Calculator
Estimate monthly mortgage payments including taxes, insurance, and PMI.