Monthly Payment on a $100K Mortgage in Idaho
Using Idaho's 0.63% property tax rate and $1,600/yr homeowners insurance.
$100K Mortgage in Idaho: Rate Comparison
Monthly PITI payment using Idaho's 0.63% property tax and $1,600/yr insurance.
| Rate | 5% Down | 10% Down | 20% Down |
|---|---|---|---|
| 5.5% | $781 | $749 | $640 |
| 6.0% | $811 | $778 | $665 |
| 6.5% | $842 | $807 | $691 |
| 7.0% | $873 | $837 | $718 |
| 7.5% | $906 | $868 | $745 |
| 8.0% | $938 | $899 | $773 |
How This Compares to Idaho's Median
A $100K home is 76% below Idaho's median of $420K. This is well within reach in many Idaho communities.
Income Needed for a $100K Home in Idaho
To afford this payment of $807/mo in Idaho, you'd need a household income of approximately $35K/year (28% rule). That's the standard guideline lenders use to determine what you can comfortably spend on housing.
See what a $30K salary can afford →Closing Costs in Idaho
Estimated closing costs in Idaho: $2K (1.5% of purchase price). Idaho has no transfer tax, which helps keep your upfront costs lower.
What to Know About a $100K Mortgage in Idaho
With 10% down ($10,000), your loan of $90,000 at 6.5% over 30 years produces a principal and interest payment of $569/mo. Adding Idaho's 0.63% property tax ($53/mo) and $1,600/yr insurance ($133/mo) brings your total to $807/mo. Because you're putting less than 20% down, PMI adds $53/mo until you reach 20% equity.
Over the full 30-year term, you'll pay approximately $114,790 in total interest. Even a small rate reduction makes a big difference — dropping from 7.0% to 6.5% on this loan saves about $10,768 over the life of the loan.