Not financial advice. Mortgage FV Calculator is a software calculator, not a personal-finance product or advisory service. It computes standard financial functions and displays the results for your convenience. Nothing here constitutes, or is intended to constitute, financial, investment, tax, legal, mortgage, credit, or insurance advice. Always consult a qualified professional before making any financial decision.
Meridian mortgage calculator
A median-priced Meridian, ID home at 6.75% over 30 years, with Idaho property tax of 0.63% and $1,400 a year of homeowners insurance. Every figure below is computed on our amortising engine — nothing is estimated in the browser.
$3,856 a month, all in
Principal and interest are $3,222; escrow and PMI add the rest. Over the full term the loan costs $663,205 in interest. Discounted at 5%, buying here has a net present value of $-7,874 ($304,641 in today’s dollars).
Within Idaho, Meridian is 2nd of the 4 Idaho markets covered here, between Coeur d'Alene at the top and Idaho Falls at the bottom of a 1.53x spread. A state-level median hides most of that.
The price-to-rent ratio here is 22.9 ($552,000 to buy, $2,012 a month to rent), which is high. Renting and investing the deposit is a genuine alternative in Meridian, not a fallback position.
Meridian carries a premium over the rest of Idaho: a median home here runs $552,000, about 20% above the state median of $460,000. The deposit moves with it, so the same 20% down is $110,400 rather than $92,000.
Monthly cost in Meridian vs comparable rent
Owning is stacked by component; renting is the local median asking rent.
The monthly breakdown
| Median home price | $552,000 |
|---|---|
| Down payment (10%) | $55,200 |
| Loan amount | $496,800 |
| Principal & interest | $3,222/mo |
| Property tax (0.63%) | $290/mo |
| Homeowners insurance | $117/mo |
| PMI while above 80% LTV | $228/mo |
| Total monthly payment | $3,856/mo |
| Comparable rent | $2,012/mo |
What a rate move does to the Meridian payment
| Rate | Principal & interest |
|---|---|
| 5.5% | $2,821/mo |
| 6% | $2,979/mo |
| 6.5% | $3,140/mo |
| 7% | $3,305/mo |
| 7.5% | $3,474/mo |
| 8% | $3,645/mo |
Rent or buy in Meridian?
Against $2,012 a month in rent, over 7 years renting leaves you about $120,135 better off — $101,065 once 2.5% inflation is stripped out. See the Idaho rent-vs-buy page.
Where these numbers come from
Idaho medians come from editorial and are refreshed weekly. The Meridian figures index those state medians to the local market, so they track the same feed rather than going stale. Insurance and the state income tax rate are editorial. Treat everything here as a planning estimate, not a quote.