Mortgage Calculator – Idaho

Idaho’s housing market has grown rapidly in recent years, especially in cities like Boise, driven by population growth and limited housing supply.

This Idaho mortgage calculator helps you estimate monthly payments by including loan terms, interest rates, property taxes, and insurance costs.

Why Mortgage Costs in Idaho Have Increased

Idaho has experienced strong in-migration, increasing demand for housing and pushing home prices higher in many regions.

Property tax rates are moderate, but rising home values increase total mortgage payments.

Insurance costs are generally reasonable, though rural and wildfire-prone areas may see higher premiums.

Example 1: A $420,000 home with 20% down at 6.7% over 30 years may result in a monthly payment around $2,050 including taxes and insurance.

Example 2: Boise-area homes tend to cost more than rural regions.

Example 3: Buyers relocating from higher-cost states often drive local market competition.

Yes. Idaho has seen rapid home price growth in recent years.

Yes. You can include estimated property tax and insurance costs.

Affordability varies, with higher prices near major cities.

PMI may apply if your down payment is below 20%, depending on loan type.

Rates generally follow national trends.

No. HOA fees should be budgeted separately.

Yes. Homeowners refinance to lower rates or adjust loan terms.

Yes. Some areas may face higher insurance premiums.

This calculator provides estimates for educational purposes only and does not constitute financial, legal, or tax advice.