Mortgage on a $300K house in Idaho
$1,870 a month with 20% down — $1,614 principal and interest plus $105 property tax and $150 insurance.
Idaho's typical property tax is 0.42% of the home's value a year (U.S. average 0.9%), which adds $105 a month on a $300K home. The typical home in Idaho is worth $476,754, so $300K is 37% below the typical price.
$300K home in Idaho: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $60,000 | $240,000 | $1,614 | $0 | $255 | $1,870 | $80,100 |
| 10% down | $30,000 | $270,000 | $1,816 | $113 | $255 | $2,184 | $93,600 |
| 5% down | $15,000 | $285,000 | $1,917 | $119 | $255 | $2,291 | $98,200 |
| 3.5% down (FHA) | $10,500 | $294,566 | $1,982 | $133 | $255 | $2,369 | $101,500 |
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 $300K buy a typical home?
In these counties the typical home value is within 15% of $300K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Clearwater County | $305,690 | 0.54% | $1,899 |
| Lewis County | $286,288 | 0.6% | $1,913 |
| Lincoln County | $317,214 | 0.43% | $1,871 |
| Minidoka County | $321,699 | 0.48% | $1,885 |
| Shoshone County | $274,018 | 0.5% | $1,889 |
| Benewah County | $330,964 | 0.49% | $1,887 |
| Power County | $265,564 | 0.7% | $1,940 |
| Caribou County | $342,793 | 0.56% | $1,903 |
4 of 43 Idaho counties tracked by Zillow have a typical home value at or below $300K. See all Idaho home prices.
Other prices in Idaho
Frequently asked questions
What is the mortgage on a $300K house in Idaho?
About $1,870 a month with 20% down at 7.11%: $1,614 principal and interest, $105 property tax and $150 insurance.
How much do I need to make to buy a $300K house in Idaho?
About $80,100 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $300K house in Idaho?
At Idaho's typical effective rate of 0.42%, about $1,261 a year. Rates vary by county and city — see the county pages.