Closing costs in Idaho
On a $500,000 home with 20% down, buyers in Idaho typically pay about $7,038 to $15,808 at closing, including prepaid taxes and insurance.
Typical buyer total1.4%–3.2%Of the price, 20% down
Closings handled byA title or settlement companyCustomary in the state
Buyer-paid taxesNoneTransfer taxes are seller-paid or not charged
Buyer-paid taxes
| Tax | On $500,000 with 20% down | Note |
|---|---|---|
| None for buyers | $0 | Idaho has no real estate transfer tax and no mortgage tax paid by buyers. |
Estimated closing costs by price
| Price | Loan | Closing costs | Share of price |
|---|---|---|---|
| $300,000 | Conventional, 20% down | $5,763 – $12,565 | 1.9%–4.2% |
| $300,000 | FHA, 3.5% down | $6,111 – $13,477 | 2.0%–4.5% |
| $500,000 | Conventional, 20% down | $7,038 – $15,808 | 1.4%–3.2% |
| $500,000 | FHA, 3.5% down | $7,618 – $17,328 | 1.5%–3.5% |
| $750,000 | Conventional, 20% down | $8,631 – $19,863 | 1.2%–2.6% |
| $750,000 | FHA, 3.5% down | $9,503 – $22,142 | 1.3%–3.0% |
Who pays what in Idaho
Idaho has no real estate transfer tax and no mortgage tax paid by buyers.
By custom here the seller usually pays for the owner’s title policy; the buyer pays for the lender’s policy.
Questions
How much are closing costs for buyers in Idaho?
Often about 1.4% to 3.2% of the price with 20% down, including prepaid taxes and insurance.
Do buyers pay transfer tax in Idaho?
No. Idaho has no real estate transfer tax and no mortgage tax paid by buyers.
More for Idaho
Sources: Idaho Department of Revenue. Fees are typical ranges, not quotes; your Loan Estimate lists the actual costs.