Mortgage payment estimates, closing cost breakdowns, and first-time buyer programs for Idaho homebuyers.
Pre-filled with Idaho medians. Adjust for your property.
Estimated closing costs based on Idaho tax rates and fees.
The median home price in Idaho is $420,000, with property taxes averaging 0.63% annually. Idaho's low property tax rate is a major advantage for buyers, keeping monthly costs well below what you'd pay in high-tax states.
Closing costs in Idaho average $6K (1.5%% of purchase price). Idaho does not charge a transfer tax, which helps keep closing costs lower. Homeowners insurance runs approximately $1,600 per year. This is within the normal range nationally.
Idaho offers the Idaho Housing DPA for first-time buyers: Up to 7% second mortgage. Contact your state housing finance agency or a HUD-approved housing counselor for eligibility details and application steps.
Idaho is a higher-cost market. At $420K median, buyers need significant savings or strong income. Down payment assistance and competitive rate-shopping become especially important.