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Benewah County FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Benewah County, Idaho based on real HMDA transaction records.

Loan Details
Your credit score determines your risk profile. A higher score lowers your interest rate and conventional PMI costs.

Representative Score: 780 (Excellent (Prime)) · FHA uses credit-agnostic pricing

Benewah County, ID Benchmarks

FHA averages
Typical Property Value$348,571
Average Down Payment13.1%
Average Interest Rate6.271%
Effective Tax Rate0.43%
$
%

$45,663 down · $302,908 financed

Estimated Monthly Payment

$2,305/mo

  • Principal & Interest$1,902
  • Property Tax$125
  • Home Insurance$150
  • FHA MIP$128
Amortization · Remaining Balance

Financed Loan Amount

$308,209

Total Interest

$376,406

Total of Payments

$684,615

*Includes financed FHA Upfront MIP of $5,301

Local Market Insights

Benewah County FHA Mortgage Overview

In Benewah County, the 13.05% average down payment on FHA loans, combined with an 86.95% loan-to-value ratio, offers accessible entry for primary residence buyers. However, because this is an FHA loan, the mandatory Mortgage Insurance Premium (MIP) applies for the entire loan term, regardless of the down payment size. This is ideal for buyers with a sub-620 credit score. The low 0.43% property tax rate, coupled with a -0.5% inflation-adjusted tax change, keeps monthly costs manageable. When evaluating an FHA loan with PMI and taxes in Benewah County, ID, this tax stability supports long-term affordability for homebuyers.

Disclaimer: This calculator provides estimates for educational purposes only and does not constitute a loan offer or financial advice. Actual rates, taxes, insurance, and fees will vary.