Can I Afford a $200K Home in Idaho?
Complete mortgage breakdown for a $200,000 home in Idaho, including monthly payments, property taxes, insurance, and the salary you need to qualify.
Estimated Monthly Payment (20% down)
$1,256/mo
P&I: $1,051 + Tax: $105 + Insurance: $100
Monthly Payment by Down Payment
| Down Payment | Amount | Monthly | Income Needed |
|---|---|---|---|
| 3% | $6,000 | $1,560 | $66,869 |
| 5% | $10,000 | $1,532 | $65,671 |
| 10% | $20,000 | $1,462 | $62,677 |
| 20% | $40,000 | $1,256 | $53,832 |
Monthly Cost Breakdown (Idaho)
Principal & Interest
$1,051/mo
Property Tax (0.63%)
$105/mo
Homeowners Insurance
$100/mo
Total Interest (30-yr)
$218,391
Affordability Rules of Thumb
28% Rule (Housing)
$53,832/yr
Minimum gross income
36% Rule (All Debt)
$41,870/yr
If no other debt
3Ã Income Rule
$66,667/yr
Conservative target
Buying a $200K Home in Idaho
A $200,000 home in Idaho is at or below the national median home price. With a 20% down payment of $40,000, your estimated monthly payment of $1,256 is achievable on a salary of $53,832 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.