Mortgage on a $700K house in Idaho
$4,362 a month with 20% down — $3,767 principal and interest plus $245 property tax and $350 insurance.
Idaho's typical property tax is 0.42% of the home's value a year (U.S. average 0.9%), which adds $245 a month on a $700K home. The typical home in Idaho is worth $476,754, so $700K is 47% above the typical price.
$700K home in Idaho: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $140,000 | $560,000 | $3,767 | $0 | $595 | $4,362 | $187,000 |
| 10% down | $70,000 | $630,000 | $4,238 | $263 | $595 | $5,096 | $218,400 |
| 5% down | $35,000 | $665,000 | $4,473 | $277 | $595 | $5,346 | $229,100 |
| 3.5% down (FHA) | $24,500 | $687,321 | $4,624 | $310 | $595 | $5,528 | $236,900 |
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 $700K buy a typical home?
In these counties the typical home value is within 15% of $700K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Valley County | $683,380 | 0.3% | $4,292 |
| Bonner County | $659,993 | 0.38% | $4,338 |
| Kootenai County | $606,179 | 0.44% | $4,372 |
41 of 43 Idaho counties tracked by Zillow have a typical home value at or below $700K. See all Idaho home prices.
Other prices in Idaho
Frequently asked questions
What is the mortgage on a $700K house in Idaho?
About $4,362 a month with 20% down at 7.11%: $3,767 principal and interest, $245 property tax and $350 insurance.
How much do I need to make to buy a $700K house in Idaho?
About $187,000 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $700K house in Idaho?
At Idaho's typical effective rate of 0.42%, about $2,942 a year. Rates vary by county and city — see the county pages.