Typical Idaho mortgage payment
The median home price in Idaho is roughly $450,000. Here's the estimated monthly principal & interest payment on that amount, by rate and term:
| Rate | 15-year | 30-year |
|---|---|---|
| 5.00% | $3,559 | $2,416 |
| 5.50% | $3,677 | $2,555 |
| 6.00% | $3,797 | $2,698 |
| 6.50% | $3,920 | $2,844 |
| 7.00% | $4,045 | $2,994 |
| 7.50% | $4,172 | $3,146 |
| 8.00% | $4,300 | $3,302 |
At 6.50% over 30 years, a $450,000 home in Idaho costs about $2,844/month in principal & interest.
What affects your Idaho payment?
- Property taxes & insurance vary by county and aren't included above.
- Down payment: 20% down avoids private mortgage insurance (PMI).
- Loan term: a 15-year loan saves enormous interest vs. 30 years.
Median price is an approximate estimate. Figures are principal & interest only and exclude taxes, insurance and fees. Not financial advice.