Can I Afford a $150K Home in Idaho?
Complete mortgage breakdown for a $150,000 home in Idaho, including monthly payments, property taxes, insurance, and the salary you need to qualify.
Estimated Monthly Payment (20% down)
$967/mo
P&I: $788 + Tax: $79 + Insurance: $100
Monthly Payment by Down Payment
| Down Payment | Amount | Monthly | Income Needed |
|---|---|---|---|
| 3% | $4,500 | $1,195 | $51,223 |
| 5% | $7,500 | $1,174 | $50,325 |
| 10% | $15,000 | $1,122 | $48,079 |
| 20% | $30,000 | $967 | $41,446 |
Monthly Cost Breakdown (Idaho)
Principal & Interest
$788/mo
Property Tax (0.63%)
$79/mo
Homeowners Insurance
$100/mo
Total Interest (30-yr)
$163,793
Affordability Rules of Thumb
28% Rule (Housing)
$41,446/yr
Minimum gross income
36% Rule (All Debt)
$32,235/yr
If no other debt
3Ã Income Rule
$50,000/yr
Conservative target
Buying a $150K Home in Idaho
A $150,000 home in Idaho is at or below the national median home price. With a 20% down payment of $30,000, your estimated monthly payment of $967 is achievable on a salary of $41,446 or more. Idaho's property tax rate of 0.63% is relatively low, helping keep costs down.
These estimates assume a 6.875% 30-year fixed mortgage rate. Use our mortgage calculator for custom scenarios, or check what salary you can afford in Idaho.