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Mortgage Calculator &
Closing Costs: Boise, ID

Mortgage payment estimates, closing cost breakdowns, and homebuying data for Boise, Idaho.

Median Home Price
$445K
Population
236K
Avg Monthly Rent
$1,450
Property Tax Rate
0.63%
Boise vs Idaho Median
The median home price in Boise is $445,000, which is 6% above the Idaho state median of $420,000.

Mortgage Calculator — Boise, ID

Pre-filled with Boise median home price and Idaho tax/insurance rates. Adjust for your property.

$
$89,000
%
%
years
ID avg
%
$
Monthly Payment (PITI)
$2,617
Principal + Interest + Tax + Insurance + PMI
Principal & Interest
$2,250
per month
Taxes & Insurance
$367
per month
Total Interest Paid
$454K
over 30 years
Total Loan Cost
$810K
all payments
Payment Breakdown
Loan Amount$356,000
Principal & Interest$2,250
Property Taxes$234
Homeowners Insurance$133
Total Monthly PITI$2,617

Closing Costs — Boise, ID

Estimated closing costs based on Idaho rates and fees applied to Boise prices.

$
%
Idaho: Avg closing costs 1.5% of price. Transfer tax: 0%.
Estimated Closing Costs
$11,642
2.6% of purchase price
Lender Fees
$3,629
origination, underwriting
Third-Party
$3,675
appraisal, title, inspection
Government Fees
$0
transfer taxes, recording
Prepaids + Escrow
$4,338
taxes, insurance, interest
Itemized Costs
Loan Origination (0.8%)$3,204
Underwriting Fee$350
Credit Report$75
Appraisal$550
Home Inspection$450
Title Search + Insurance$2,525
Recording Fee$150
Prepaid Taxes (3 mo)$701
Prepaid Insurance (12 mo)$1,600
Prepaid Interest (15 days)$1,070
Escrow Reserves$968
Total Closing Costs$11,642

Buying a Home in Boise, Idaho

The median home price in Boise is $445,000, 6% above the Idaho state median of $420,000. With a population of 235,684, Boise is a mid-size city where home prices reflect strong demand and local economic factors.

Property taxes in Idaho average 0.63% annually. This low property tax rate is a significant advantage for Boise buyers, keeping your monthly costs well below what you'd pay in higher-tax states. Homeowners insurance in Idaho runs approximately $1,600 per year. This is within the normal range nationally.

Average rent in Boise is $1,450/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.

Boise is a higher-cost market. At $445K median, buyers need significant savings or strong income. Down payment assistance through Idaho's Idaho Housing DPA program becomes especially important.

Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Boise.
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