Idaho First-Time Homebuyer Calculator
First-time homebuyer costs in Idaho: $14,700 FHA down payment, $9,660 closing costs, 0.69% property tax. See total upfront costs & monthly payments.
How This Calculator Works
Calculation methodology and assumptions
First-time homebuyer cost breakdown for Idaho. Includes down payment, closing costs (2.3%), PMI (required below 20% down), property tax (0.69%), and homeowners insurance ($1,380/yr). DTI ratio should stay below 43% for conventional loans and 50% for FHA.
Key State Information
Idaho homebuyer facts: Median price $420,000 | 20% down = $84,000 | FHA 3.5% down = $14,700 | Closing costs ~$9,660 | Property tax 0.69% | No attorney required.
Frequently Asked Questions
How much do I need to buy a house in Idaho?
For Idaho's median home ($420,000): FHA minimum down payment is $14,700 (3.5%), plus $9,660 in closing costs. Total minimum: ~$24,360. With 20% down to avoid PMI: ~$93,660.
What are closing costs in Idaho?
Idaho closing costs average 2.3% of the home price, or about $9,660 on the median home. This includes title insurance, appraisal, origination fees, recording fees, and optional attorney fees. Transfer taxes are 0%.
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