Idaho Mortgage Calculator

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Idaho Mortgage Calculator : See How Much Home You Can Afford

If you are looking to buy or sell a home in Boise, ID, or the surrounding Treasure Valley area, partner with Julie Cendejas with Keller Williams Realty Boise to get the best service available. Julie is a licensed Realtor, and she and her team know the local community very well and have extensive knowledge about the real estate market in the area.

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Thinking about buying a home in Boise or the Treasure Valley? Staying informed about the local market is key. Julie, your local expert, provides regular updates on market trends, including median home value & key takeaways, current programs Julie partners with to benefit her clients, local events, and more!

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Sunset view of Boise, Idaho from the mountains

Serving the Treasure Valley

Using Our Idaho Mortgage Calculator is a Breeze!

We designed our Idaho mortgage calculator to be super user-friendly. Here’s the scoop on how it works:

Just enter the price you’re eyeing for your new house.
Input the amount you’ve saved up for a down payment.
Pick your loan term (usually 15 or 30 years).
Choose an interest rate (you can find current rates online or chat with a mortgage lender).
Click “Calculate” and voila! See your estimated monthly payment.

Our monthly payment estimates are broken down by principal, interest, property taxes and homeowners insurance. With our Mortgage Calculator you’ll also go into the home buying process with a more accurate picture of how to calculate mortgage payments and purchase with confidence.

Mortgage Loan Calculator

Price of Real Estate?:

Down Payment Percent?:

Amount of Loan?:

Enter a "0" (zero) for one unknown value above.

Number of Payments? (#):

Annual Interest Rate?:

Points?:

Annual Property Taxes?:

Annual Insurance?:

Private Mortgage Ins. (PMI)?:

Payment Method?:

Monthly Payment Amount:

Down Payment Amount:

Total Interest:

Total Principal & Interest:

Original Size

Mortgage Calculator Help

You can calculate the mortgage loan amount from the price of the real estate by providing the down payment percentage.

If you know the mortgage amount you can afford and the cash down payment percentage required, you can calculate the affordable real estate price.

Or if you know the price of the real estate and the loan amout and enter "0" for the down payment percentage, the calculator will calculate the down payment amount and percentage.

Points, Annual Property Taxes, Annual Insurance and Private Mortgage Ins. (PMI) are all optional. If you enter values, the periodic portion of each will be calculated and shown on the schedule. Property taxes and insurance are combined under escrow.

If a borrower does not have cash to cover at least 20% of the purchase price, some lenders will require the borrower to purchase private mortgage insurance (PMI) to cover against a possible default. Premiums are typically 0.5% to 2.0% of the original loan amount. The borrower can drop the insurance coverage once the mortgage balance is less than 80% of the original purchase price. The calculator handles this automatically. (There may be other conditions as well under which the lender will no longer require PMI. One such case might be apprciation of the real estate.)

Points are charges that are normally due at closing. Borrowers (normally only in USA) may select to pay a lender "points" up front in exchange for a lower interest rate. Points are expressed in percent and are calculated on the amount borrowed. 3 points on a $200,000 mortgage equals $6,000. If the user enters points, this calculator includes their value in the summary and as part of the total payment at loan origination on the payment schedule.

The term (duration) of the loan is expressed as a number of months.

60 months = 5 years
120 months = 10 years
180 months = 15 years
240 months = 20 years
360 months = 30 years

Need more options including the ability to solve for other unknowns, change payment / compounding frequency and the ability to print an amortization schedule? Please visit, https://AccurateCalculators.com/mortgage-calculator

Understanding Your Monthly Payments

Ever wonder what goes into your monthly mortgage payment besides just paying off the loan? Let’s break it down!

Principal: This is the amount you actually borrowed to buy your house. Each month, a portion of your payment goes towards reducing this principal amount. Basically, you’re chipping away at what you owe!
Interest: Think of this as the rent you pay on the money you borrowed. The interest rate is a percentage of the loan amount, and it determines how much you’ll pay in interest over the life of your loan.
Property Taxes: This is like a yearly property rental fee to your local government, usually based on a percentage of your home’s value. Think of it as your way of giving back to the community for things like parks, schools, and road maintenance.
Homeowners Insurance: This is like a security blanket for your house. It protects you financially if your home is damaged by fire, theft, or other covered events.
Private Mortgage Insurance (PMI): If you put down less than 20% on your home, this is usually required by the lender. It’s kind of like an extra layer of insurance for them, in case you can’t make your payments.

Benefits of Using Our Idaho Mortgage Calculator

Before you dive head first into house hunting, using our Idaho mortgage calculator has some serious perks:

Get a head start on budgeting: By getting a ballpark figure of your monthly payment, you’ll have a better idea of how much house you can comfortably afford.
Prepare for other housing costs: Our calculator considers property taxes and homeowners insurance, so you can anticipate your total monthly housing costs.
Make informed decisions: Having a clearer picture of your potential mortgage payment empowers you to make smart decisions throughout your home buying process.

Saving money after using Idaho mortgage calculator to determine monthly payments for a new home in Boise.

Boise Idaho Realtor Julie Cendejas at her office

Realtor for Boise, Idaho

Ready to Make Your Dream Home a Reality?

So, you’ve played around with our Idaho mortgage calculator and maybe you have some questions about what comes next? That’s where Julie Cendejas, a trusted Boise, Idaho realtor with the local market on lock, comes in! Reach out to Julie for a free consultation to discuss your home buying goals. She can connect you with pre-approved lenders and guide you every step of the way.

(208) 870-9563$Email Julie$