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Caribou County FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Caribou 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

Caribou County, ID Benchmarks

FHA averages
Typical Property Value$310,476
Average Down Payment9.4%
Average Interest Rate6.024%
Effective Tax Rate0.53%
$
%

$29,185 down · $281,291 financed

Estimated Monthly Payment

$2,126/mo

  • Principal & Interest$1,720
  • Property Tax$137
  • Home Insurance$150
  • FHA MIP$119
Amortization · Remaining Balance

Financed Loan Amount

$286,214

Total Interest

$332,870

Total of Payments

$619,084

*Includes financed FHA Upfront MIP of $4,923

Local Market Insights

Caribou County FHA Mortgage Overview

For Caribou County homebuyers, the 9.40% weighted average down payment on an FHA loan provides accessible entry, especially for those with sub-620 credit scores. However, this low equity (90.60% LTV) mandates Mortgage Insurance Premiums (MIP) for the life of the loan, a permanent cost unlike conventional PMI. The 0.53% effective property tax rate is moderate, and the recent -2.2% inflation-adjusted tax change offers slight monthly relief. When evaluating an FHA loan with PMI and taxes in Caribou County, ID, this tax shift helps offset some of the insurance burden, making the true monthly affordability more stable for primary residence buyers.

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.