Idaho Mortgage Calculator 2026

Calculate your monthly mortgage payment for a home in Idaho (ID). The median home price in Idaho is $471,000, with an effective property tax rate of 0.53% (ranked #44 nationally). Use our free calculator to compare FHA, VA, USDA, and conventional loan options with real Idaho data.

Idaho Property Tax Information

Idaho has an effective property tax rate of 0.53%, ranking #44 among all 50 states. The median annual property tax is $2,006 ($167/month). Source: Tax Foundation 2025.

Idaho Loan Limits 2026

FHA loan limit in Idaho: $524,225 (floor) to $1,209,750 (ceiling for high-cost areas). Conforming loan limit: $806,500 (baseline) to $1,209,750 (ceiling). Idaho has designated high-cost areas with higher limits.

Estimated Monthly Payment in Idaho

For a median-priced home of $471,000 with 20% down ($94,200), at 6.5% interest over 30 years: estimated monthly principal and interest is $2,382, plus $167 in property taxes and approximately $125 in homeowner's insurance, for a total estimated payment of approximately $2,674/month.

Idaho Closing Costs

Average closing costs in Idaho are $3,497 (0.7% of purchase price), ranked #27 nationally. Idaho does not charge a transfer tax. Source: Bankrate/LodeStar 2025.

Idaho Housing Market 2026

Home prices in Idaho have decreased 2.5% year-over-year. Average days on market: 52. Inventory level: moderate. Currently considered a buyer's market.

Down Payment Assistance Programs in Idaho

Idaho offers 2 down payment assistance programs through Idaho Housing and Finance Association (IHFA):

  • Idaho Housing First Loan (second mortgage): 0% interest second mortgage. Competitive first mortgage rates. - Up to Up to 6% of purchase price
  • Second Mortgage Assistance (forgivable loan): Forgivable after 5-10 years depending on income level. - Up to Up to $15,000

Contact IHFA: https://www.idahohousing.com | Phone: 208-331-4882

Did You Know About Idaho?

  • Idaho has no transfer tax on real estate
  • Boise area saw dramatic price growth 2020-2023, now stabilizing
  • Many rural areas qualify for USDA zero-down loans
  • Strong migration from California driving market dynamics

Frequently Asked Questions About Buying a Home in Idaho

What is the average property tax rate in Idaho?

The effective property tax rate in Idaho is 0.53%, with a median annual tax of $2,006. This ranks #44 among all states.

What are the FHA loan limits in Idaho for 2026?

The FHA loan floor in Idaho is $524,225 and the ceiling is $1,209,750 for high-cost areas. The conforming loan limit baseline is $806,500.

How much are closing costs in Idaho?

Average closing costs in Idaho are $3,497, which is approximately 0.7% of the purchase price.

Are there first-time homebuyer programs in Idaho?

Yes, Idaho offers 2 down payment assistance programs through Idaho Housing and Finance Association, including grants, forgivable loans, and second mortgages.

Is Idaho a good place to buy a home in 2026?

With a median home price of $471,000 and moderate inventory, Idaho is currently a buyer's market. Home prices have decreased 2.5% over the past year.

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Data last updated: 2025-11. This information is for educational purposes only and should not be considered financial advice.