Spokane vs Boise: Mortgage Cost Comparison
Thinking about buying in Spokane or Boise? Here's a side-by-side comparison of mortgage costs in both cities.
$2,164
Spokane PITI
$2,615
Boise PITI
$452/mo
Difference
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? Monthly payment PITI with taxes & insurance included
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? Bi-weekly payment PITI if paid every other week
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Spokane vs Boise: Full Mortgage Comparison
Buying a home in Spokane is $452/month cheaper based on average home prices and local costs.
| Spokane, WA | Boise, ID | |
|---|---|---|
| Avg. Home Price | $350,000 | $445,000 |
| Down Payment (20%) | $70,000 | $89,000 |
| Loan Amount | $280,000 | $356,000 |
| Property Tax Rate | 0.95% | 0.67% |
| Annual Property Tax | $3,325 | $2,982 |
| Annual Insurance | $1,400 | $1,400 |
| Monthly P&I | $1,770 | $2,250 |
| Monthly PITI | $2,164 | $2,615 |
| Total Interest (30yr) | $357,125 | $454,058 |
What Drives the Difference?
Home prices are the biggest factor — Boise’s average home costs $95,000 more than Spokane’s.
Property taxes also favor Boise — Spokane’s 0.95% rate is higher than Boise’s 0.67%.
Insurance is $0/year more in Boise.
Income Needed to Buy
Using the 28% rule (PITI under 28% of gross income):
| Spokane | Boise | |
|---|---|---|
| Monthly PITI | $2,164 | $2,615 |
| Income needed | $92,723 | $112,086 |
Try Your Own Numbers
The calculator above is pre-filled with Spokane’s averages. Adjust the values to match your situation, or try the Boise calculator for Boise-specific numbers.