Mortgage on a $500K house in Idaho
$3,116 a month with 20% down — $2,691 principal and interest plus $175 property tax and $250 insurance.
Idaho's typical property tax is 0.42% of the home's value a year (U.S. average 0.9%), which adds $175 a month on a $500K home. The typical home in Idaho is worth $476,754, so $500K is 5% above the typical price.
$500K home in Idaho: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $100,000 | $400,000 | $2,691 | $0 | $425 | $3,116 | $133,500 |
| 10% down | $50,000 | $450,000 | $3,027 | $188 | $425 | $3,640 | $156,000 |
| 5% down | $25,000 | $475,000 | $3,195 | $198 | $425 | $3,818 | $163,600 |
| 3.5% down (FHA) | $17,500 | $490,944 | $3,303 | $221 | $425 | $3,949 | $169,200 |
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 $500K buy a typical home?
In these counties the typical home value is within 15% of $500K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Adams County | $510,933 | 0.36% | $3,091 |
| Boise County | $479,858 | 0.34% | $3,082 |
| Gem County | $479,474 | 0.33% | $3,079 |
| Latah County | $475,190 | 0.64% | $3,209 |
| Ada County | $525,709 | 0.52% | $3,157 |
| Fremont County | $473,183 | 0.44% | $3,126 |
| Jefferson County | $469,151 | 0.45% | $3,127 |
| Boundary County | $464,905 | 0.39% | $3,103 |
| Franklin County | $435,938 | 0.4% | $3,107 |
| Owyhee County | $433,227 | 0.4% | $3,107 |
36 of 43 Idaho counties tracked by Zillow have a typical home value at or below $500K. See all Idaho home prices.
Other prices in Idaho
Frequently asked questions
What is the mortgage on a $500K house in Idaho?
About $3,116 a month with 20% down at 7.11%: $2,691 principal and interest, $175 property tax and $250 insurance.
How much do I need to make to buy a $500K house in Idaho?
About $133,500 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $500K house in Idaho?
At Idaho's typical effective rate of 0.42%, about $2,101 a year. Rates vary by county and city — see the county pages.