Mortgage on a $550K house in Idaho
$3,428 a month with 20% down — $2,960 principal and interest plus $193 property tax and $275 insurance.
Idaho's typical property tax is 0.42% of the home's value a year (U.S. average 0.9%), which adds $193 a month on a $550K home. The typical home in Idaho is worth $476,754, so $550K is 15% above the typical price.
$550K home in Idaho: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $110,000 | $440,000 | $2,960 | $0 | $468 | $3,428 | $146,900 |
| 10% down | $55,000 | $495,000 | $3,330 | $206 | $468 | $4,004 | $171,600 |
| 5% down | $27,500 | $522,500 | $3,515 | $218 | $468 | $4,200 | $180,000 |
| 3.5% down (FHA) | $19,250 | $540,038 | $3,633 | $243 | $468 | $4,344 | $186,200 |
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 $550K buy a typical home?
In these counties the typical home value is within 15% of $550K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Ada County | $525,709 | 0.52% | $3,472 |
| Adams County | $510,933 | 0.36% | $3,400 |
| Kootenai County | $606,179 | 0.44% | $3,435 |
| Boise County | $479,858 | 0.34% | $3,390 |
| Gem County | $479,474 | 0.33% | $3,387 |
| Latah County | $475,190 | 0.64% | $3,529 |
| Fremont County | $473,183 | 0.44% | $3,439 |
| Jefferson County | $469,151 | 0.45% | $3,440 |
38 of 43 Idaho counties tracked by Zillow have a typical home value at or below $550K. See all Idaho home prices.
Other prices in Idaho
Frequently asked questions
What is the mortgage on a $550K house in Idaho?
About $3,428 a month with 20% down at 7.11%: $2,960 principal and interest, $193 property tax and $275 insurance.
How much do I need to make to buy a $550K house in Idaho?
About $146,900 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $550K house in Idaho?
At Idaho's typical effective rate of 0.42%, about $2,311 a year. Rates vary by county and city — see the county pages.