Monthly Payment on a $600K Mortgage in Idaho
Using Idaho's 0.63% property tax rate and $1,600/yr homeowners insurance.
$600K 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% | $4,017 | $3,829 | $3,174 |
| 6.0% | $4,198 | $4,001 | $3,326 |
| 6.5% | $4,384 | $4,177 | $3,482 |
| 7.0% | $4,573 | $4,356 | $3,642 |
| 7.5% | $4,766 | $4,539 | $3,805 |
| 8.0% | $4,963 | $4,726 | $3,970 |
How This Compares to Idaho's Median
A $600K home is 43% above Idaho's median of $420K. This puts you in the upper range of the Idaho market, targeting more desirable neighborhoods or larger properties.
Income Needed for a $600K Home in Idaho
To afford this payment of $4,177/mo in Idaho, you'd need a household income of approximately $179K/year (28% rule). That's the standard guideline lenders use to determine what you can comfortably spend on housing.
See what a $175K salary can afford →Closing Costs in Idaho
Estimated closing costs in Idaho: $9K (1.5% of purchase price). Idaho has no transfer tax, which helps keep your upfront costs lower.
What to Know About a $600K Mortgage in Idaho
With 10% down ($60,000), your loan of $540,000 at 6.5% over 30 years produces a principal and interest payment of $3,413/mo. Adding Idaho's 0.63% property tax ($315/mo) and $1,600/yr insurance ($133/mo) brings your total to $4,177/mo. Because you're putting less than 20% down, PMI adds $315/mo until you reach 20% equity.
Over the full 30-year term, you'll pay approximately $688,740 in total interest. Even a small rate reduction makes a big difference — dropping from 7.0% to 6.5% on this loan saves about $64,608 over the life of the loan.