Monthly Payment on a $750K Mortgage in Idaho
Using Idaho's 0.63% property tax rate and $1,600/yr homeowners insurance.
$750K 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% | $4,988 | $4,753 | $3,934 |
| 6.0% | $5,215 | $4,968 | $4,124 |
| 6.5% | $5,446 | $5,187 | $4,319 |
| 7.0% | $5,683 | $5,412 | $4,519 |
| 7.5% | $5,925 | $5,641 | $4,722 |
| 8.0% | $6,171 | $5,874 | $4,930 |
How This Compares to Idaho's Median
A $750K home is 79% 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 $750K Home in Idaho
To afford this payment of $5,187/mo in Idaho, you'd need a household income of approximately $222K/year (28% rule). That's the standard guideline lenders use to determine what you can comfortably spend on housing.
See what a $200K salary can afford →Closing Costs in Idaho
Estimated closing costs in Idaho: $11K (1.5% of purchase price). Idaho has no transfer tax, which helps keep your upfront costs lower.
What to Know About a $750K Mortgage in Idaho
With 10% down ($75,000), your loan of $675,000 at 6.5% over 30 years produces a principal and interest payment of $4,266/mo. Adding Idaho's 0.63% property tax ($394/mo) and $1,600/yr insurance ($133/mo) brings your total to $5,187/mo. Because you're putting less than 20% down, PMI adds $394/mo until you reach 20% equity.
Over the full 30-year term, you'll pay approximately $860,925 in total interest. Even a small rate reduction makes a big difference — dropping from 7.0% to 6.5% on this loan saves about $80,760 over the life of the loan.