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

US County (Smart Autofill)

Loan Type

Elmore County, ID Benchmarks

FHA averages

Typical Property Value$325,769

Average Down Payment7.7%

Average Interest Rate6.013%

Effective Tax Rate0.60%

Median Tax Paid$1,701/yr

Tax Growth (Historical)-1.8%

Based on 143 regional loans totaling $41,375,000 (HMDA database).

Home Price

Down Payment

$25,084 down · $300,685 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

$163 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$127 / month

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.