Monthly Payment on a $250K Mortgage in Idaho
Using Idaho's 0.63% property tax rate and $1,600/yr homeowners insurance.
$250K 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% | $1,752 | $1,673 | $1,400 |
| 6.0% | $1,827 | $1,745 | $1,464 |
| 6.5% | $1,904 | $1,818 | $1,529 |
| 7.0% | $1,983 | $1,893 | $1,595 |
| 7.5% | $2,064 | $1,969 | $1,663 |
| 8.0% | $2,146 | $2,047 | $1,732 |
How This Compares to Idaho's Median
A $250K home is 40% below Idaho's median of $420K. This is well within reach in many Idaho communities.
Income Needed for a $250K Home in Idaho
To afford this payment of $1,818/mo in Idaho, you'd need a household income of approximately $78K/year (28% rule). That's the standard guideline lenders use to determine what you can comfortably spend on housing.
See what a $80K salary can afford →Closing Costs in Idaho
Estimated closing costs in Idaho: $4K (1.5% of purchase price). Idaho has no transfer tax, which helps keep your upfront costs lower.
What to Know About a $250K Mortgage in Idaho
With 10% down ($25,000), your loan of $225,000 at 6.5% over 30 years produces a principal and interest payment of $1,422/mo. Adding Idaho's 0.63% property tax ($131/mo) and $1,600/yr insurance ($133/mo) brings your total to $1,818/mo. Because you're putting less than 20% down, PMI adds $131/mo until you reach 20% equity.
Over the full 30-year term, you'll pay approximately $286,975 in total interest. Even a small rate reduction makes a big difference — dropping from 7.0% to 6.5% on this loan saves about $26,920 over the life of the loan.