Mortgage Data Labs

Programmatic SEO Local County Calculator

Calculator>Idaho>Elmore County (FHA)

Elmore County FHA Loan Calculator

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

Elmore County, ID Benchmarks

FHA averages
Typical Property Value$325,769
Average Down Payment7.7%
Average Interest Rate6.013%
Effective Tax Rate0.60%
$
%

$25,084 down · $300,685 financed

Estimated Monthly Payment

$2,277/mo

  • Principal & Interest$1,836
  • Property Tax$163
  • Home Insurance$150
  • FHA MIP$127
Amortization · Remaining Balance

Financed Loan Amount

$305,947

Total Interest

$355,111

Total of Payments

$661,058

*Includes financed FHA Upfront MIP of $5,262

Local Market Insights

Elmore County FHA Mortgage Overview

In Elmore County, the typical FHA homebuyer secures a property near $325,769 with a 7.73% down payment and a 6.013% interest rate. This low down payment provides accessible entry, but the mandatory Mortgage Insurance Premium (MIP) remains for the loan’s life due to the high 92.27% loan-to-value ratio, making this ideal for those with sub-620 credit. The effective property tax rate of 0.60%, combined with a recent -1.8% inflation-adjusted tax decrease, slightly eases monthly affordability. When evaluating an FHA loan with PMI and taxes in Elmore County, ID, or using an FHA loan down payment analysis in Elmore County, Idaho, remember MIP is permanent. This data reflects 100% owner-occupied standard homebuyers, not investors.

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.