Butte County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Butte County, ID Benchmarks

FHA averages

Typical Property Value$249,667

Average Down Payment12.0%

Average Interest Rate6.147%

Effective Tax Rate0.53%

Median Tax Paid$1,061/yr

Tax Growth (Historical)+4.4%

Based on 15 regional loans totaling $3,185,000 (HMDA database).

Home Price

Down Payment

$29,960 down · $219,707 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$110 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$93 / month

Estimated Monthly Payment

$1,715/mo

Principal & Interest$1,362
Property Tax$110
Home Insurance$150
FHA MIP$93

Amortization · Remaining Balance

Financed Loan Amount

$223,552

Total Interest

$266,747

Total of Payments

$490,299

*Includes financed FHA Upfront MIP of $3,845

Local Market Insights

Butte County FHA Mortgage Overview

In Butte County, FHA buyers leverage a low 11.96% down payment on a $249,667 average property, making entry accessible despite mandatory Mortgage Insurance Premiums (MIP) for the loan’s life. With an 88.04% loan-to-value ratio and 100% owner-occupancy, this market favors borrowers with sub-620 credit seeking stability. The 0.53% effective tax rate, adjusted upward by 4.4% for inflation, adds roughly $110 monthly to true affordability. When assessing an FHA loan with PMI and taxes in Butte County, ID, these fixed costs underscore the need to budget beyond the principal and interest.

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.