Calculate using real Boise data. Median home price: $420,000. Property tax rate: 0.63%.
With the median household income of $64,338 in Boise, ID, following the 28% rule, you could afford a monthly payment of about $1,501.
The cost of living index in Boise, ID is 108 (national average = 100). A home at the median price of $420,000 would require roughly 6.5x the median income.
A conventional 20% down payment on the median Boise, ID home ($420,000) would be $84,000. FHA loans may require as little as 3.5% ($14,700).