Mortgage on a $400K house in Idaho
$2,493 a month with 20% down — $2,153 principal and interest plus $140 property tax and $200 insurance.
Idaho's typical property tax is 0.42% of the home's value a year (U.S. average 0.9%), which adds $140 a month on a $400K home. The typical home in Idaho is worth $476,754, so $400K is 16% below the typical price.
$400K home in Idaho: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $80,000 | $320,000 | $2,153 | $0 | $340 | $2,493 | $106,800 |
| 10% down | $40,000 | $360,000 | $2,422 | $150 | $340 | $2,912 | $124,800 |
| 5% down | $20,000 | $380,000 | $2,556 | $158 | $340 | $3,055 | $130,900 |
| 3.5% down (FHA) | $14,000 | $392,755 | $2,642 | $177 | $340 | $3,159 | $135,400 |
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 $400K buy a typical home?
In these counties the typical home value is within 15% of $400K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Bonneville County | $400,373 | 0.5% | $2,521 |
| Jerome County | $400,477 | 0.63% | $2,564 |
| Bear Lake County | $402,207 | 0.41% | $2,488 |
| Custer County | $394,611 | 0.29% | $2,450 |
| Nez Perce County | $390,046 | 0.78% | $2,612 |
| Payette County | $412,388 | 0.4% | $2,485 |
| Lemhi County | $387,464 | 0.35% | $2,471 |
| Washington County | $386,307 | 0.49% | $2,517 |
| Bingham County | $384,891 | 0.5% | $2,521 |
| Canyon County | $416,843 | 0.52% | $2,525 |
| Twin Falls County | $380,622 | 0.61% | $2,556 |
| Madison County | $423,156 | 0.48% | $2,513 |
22 of 43 Idaho counties tracked by Zillow have a typical home value at or below $400K. See all Idaho home prices.
Other prices in Idaho
Frequently asked questions
What is the mortgage on a $400K house in Idaho?
About $2,493 a month with 20% down at 7.11%: $2,153 principal and interest, $140 property tax and $200 insurance.
How much do I need to make to buy a $400K house in Idaho?
About $106,800 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $400K house in Idaho?
At Idaho's typical effective rate of 0.42%, about $1,681 a year. Rates vary by county and city — see the county pages.