Current Avg. Rates: 6.46% 30-yr fixed|5.77% 15-yr fixed
Source: Freddie Mac Primary Mortgage Market Survey
Source: Freddie Mac Primary Mortgage Market Survey
Portland vs Boise: Mortgage Cost Comparison
Thinking about buying in Portland or Boise? Here's a side-by-side comparison of mortgage costs in both cities.
$3,062
Portland PITI
$2,615
Boise PITI
$446/mo
Difference
Your Monthly Payment (PITI)
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Principal + Interest + Tax + Insurance
Monthly Breakdown
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Property Tax
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Insurance
Loan Overview
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Total Interest
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Payoff Date
Bi-Weekly Option
? Pay half your monthly payment every two weeks — you'll make 26 half-payments (13 full payments) per year instead of 12
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Bi-Weekly Payment
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Total Interest
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Payoff Date
Portland vs Boise: Full Mortgage Comparison
Buying a home in Boise is $446/month cheaper based on average home prices and local costs.
| Portland, OR | Boise, ID | |
|---|---|---|
| Avg. Home Price | $500,000 | $445,000 |
| Down Payment (20%) | $100,000 | $89,000 |
| Loan Amount | $400,000 | $356,000 |
| Property Tax Rate | 0.98% | 0.67% |
| Annual Property Tax | $4,900 | $2,982 |
| Annual Insurance | $1,500 | $1,400 |
| Monthly P&I | $2,528 | $2,250 |
| Monthly PITI | $3,062 | $2,615 |
| Total Interest (30yr) | $510,178 | $454,058 |
What Drives the Difference?
Home prices are the biggest factor — Portland’s average home costs $55,000 more than Boise’s.
Property taxes also favor Boise — Portland’s 0.98% rate is higher than Boise’s 0.67%.
Insurance is $100/year more in Portland.
Income Needed to Buy
Using the 28% rule (PITI under 28% of gross income):
| Portland | Boise | |
|---|---|---|
| Monthly PITI | $3,062 | $2,615 |
| Income needed | $131,212 | $112,086 |
Try Your Own Numbers
The calculator above is pre-filled with Portland’s averages. Adjust the values to match your situation, or try the Boise calculator for Boise-specific numbers.