Home / Boise, ID
Mortgage Calculator — Boise, ID
Median home price in Boise: $440,000. Monthly payment: $2,342/month (20% down, 7%, 30yr). Property tax rate: 0.63%.
= $88,000
Monthly Payment
$2,342
Loan Amount
$352,000
Total Interest
$491,071
Total Cost
$931,071
Payment Breakdown
Down Payment$88,000 (9.5%)
Principal$352,000 (37.8%)
Total Interest$491,071 (52.7%)
Boise Mortgage Payments by Rate
| Rate | 15-Year | 30-Year | Total Interest (30yr) |
|---|---|---|---|
| 5.5% | $2,876 | $1,999 | $367,502 |
| 6% | $2,970 | $2,110 | $407,750 |
| 6.5% | $3,066 | $2,225 | $448,957 |
| 6.75% | $3,115 | $2,283 | $469,904 |
| 7% | $3,164 | $2,342 | $491,071 |
| 7.25% | $3,213 | $2,401 | $512,454 |
| 7.5% | $3,263 | $2,461 | $534,045 |
| 8% | $3,364 | $2,583 | $577,826 |
Boise Property Tax & Total Housing Cost
Property Tax Rate
0.63%
$2,772/year
Monthly P&I
$2,342
20% down, 7%, 30yr
Est. Total Monthly
$2,573
P&I + property tax
Affordability in Boise
10% down ($44,000)$122,811/yr needed
15% down ($66,000)$116,538/yr needed
20% down ($88,000)$110,266/yr needed
25% down ($110,000)$103,993/yr needed
Based on 28% housing cost rule. Includes property tax.