Can I Afford a $100K Home in Idaho?
Complete mortgage breakdown for a $100,000 home in Idaho, including monthly payments, property taxes, insurance, and the salary you need to qualify.
Estimated Monthly Payment (20% down)
$678/mo
P&I: $526 + Tax: $53 + Insurance: $100
Monthly Payment by Down Payment
| Down Payment | Amount | Monthly | Income Needed |
|---|---|---|---|
| 3% | $3,000 | $830 | $35,577 |
| 5% | $5,000 | $816 | $34,979 |
| 10% | $10,000 | $781 | $33,482 |
| 20% | $20,000 | $678 | $29,059 |
Monthly Cost Breakdown (Idaho)
Principal & Interest
$526/mo
Property Tax (0.63%)
$53/mo
Homeowners Insurance
$100/mo
Total Interest (30-yr)
$109,195
Affordability Rules of Thumb
28% Rule (Housing)
$29,059/yr
Minimum gross income
36% Rule (All Debt)
$22,601/yr
If no other debt
3Ã Income Rule
$33,333/yr
Conservative target
Buying a $100K Home in Idaho
A $100,000 home in Idaho is at or below the national median home price. With a 20% down payment of $20,000, your estimated monthly payment of $678 is achievable on a salary of $29,059 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.