Mortgage on a $1M house in Idaho
$6,232 a month with 20% down — $5,382 principal and interest plus $350 property tax and $500 insurance.
Idaho's typical property tax is 0.42% of the home's value a year (U.S. average 0.9%), which adds $350 a month on a $1M home. The typical home in Idaho is worth $476,754, so $1M is 110% above the typical price.
$1M home in Idaho: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $200,000 | $800,000 | $5,382 | $0 | $850 | $6,232 | $267,100 |
| 10% down | $100,000 | $900,000 | $6,054 | $375 | $850 | $7,280 | $312,000 |
| 5% down | $50,000 | $950,000 | $6,391 | $396 | $850 | $7,637 | $327,300 |
| 3.5% down (FHA) | $35,000 | $981,888 | $6,605 | $442 | $850 | $7,898 | $338,500 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.42% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Where in Idaho does $1M buy a typical home?
In these counties the typical home value is within 15% of $1M:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Blaine County | $1,101,790 | 0.38% | $6,196 |
| Teton County | $873,202 | 0.31% | $6,140 |
42 of 43 Idaho counties tracked by Zillow have a typical home value at or below $1M. See all Idaho home prices.
Other prices in Idaho
Frequently asked questions
What is the mortgage on a $1M house in Idaho?
About $6,232 a month with 20% down at 7.11%: $5,382 principal and interest, $350 property tax and $500 insurance.
How much do I need to make to buy a $1M house in Idaho?
About $267,100 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $1M house in Idaho?
At Idaho's typical effective rate of 0.42%, about $4,203 a year. Rates vary by county and city — see the county pages.