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Latah County FHA Loan Calculator

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

Loan Details

Latah County, ID Benchmarks

FHA averages
Typical Property Value$433,814
Average Down Payment9.8%
Average Interest Rate6.177%
Effective Tax Rate0.59%
Median Tax Paid$2,368/yr
Tax Growth (Historical)-1.5%
Based on 59 regional loans totaling $22,745,000 (HMDA database).
$
%

$42,514 down · $391,300 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$213 / month

$

Annual premium

$

Per month

%

$166 / month

Estimated Monthly Payment

$2,963/mo

  • Principal & Interest$2,433
  • Property Tax$213
  • Home Insurance$150
  • FHA MIP$166
Amortization · Remaining Balance

Financed Loan Amount

$398,148

Total Interest

$477,865

Total of Payments

$876,012

*Includes financed FHA Upfront MIP of $6,848

Local Market Insights

Latah County FHA Mortgage Overview

For Latah County homebuyers, the typical FHA loan requires a 9.83% down payment on an average property value of $433,813.56. This accessible entry point, combined with the 90.17% loan-to-value ratio, is ideal for buyers with sub-620 credit scores. However, mandatory Mortgage Insurance Premiums (MIP) apply for the life of the loan, unlike conventional options. The effective property tax rate of 0.59% is modest, and the recent -1.5% inflation-adjusted tax change slightly reduces monthly burdens. When evaluating an FHA loan with PMI and taxes in Latah County, ID, the 6.177% interest rate and these tax dynamics are critical for true monthly affordability.

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.