Lemhi County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Lemhi County, ID Benchmarks

FHA averages

Typical Property Value$341,923

Average Down Payment16.5%

Average Interest Rate6.086%

Effective Tax Rate0.32%

Median Tax Paid$1,156/yr

Tax Growth (Historical)+1.1%

Based on 13 regional loans totaling $3,545,000 (HMDA database).

Home Price

Down Payment

$56,417 down · $285,506 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

$91 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$121 / month

Estimated Monthly Payment

$2,121/mo

Principal & Interest$1,759
Property Tax$91
Home Insurance$150
FHA MIP$121

Amortization · Remaining Balance

Financed Loan Amount

$290,502

Total Interest

$342,576

Total of Payments

$633,078

*Includes financed FHA Upfront MIP of $4,996

Local Market Insights

Lemhi County FHA Mortgage Overview

For Lemhi County homebuyers utilizing an FHA loan, the 16.46% down payment provides accessible entry but carries a critical caveat: mandatory Mortgage Insurance Premiums (MIP) apply for the life of the loan, regardless of equity built. The 83.54% Loan-to-Value (LTV) ratio confirms this, making FHA ideal for those with sub-620 credit scores seeking owner-occupied housing. The 0.32% effective property tax rate is low, and the 1.1% inflation-adjusted tax change adds minimal monthly impact. However, when evaluating an FHA loan down payment in Lemhi County, Idaho, the true monthly cost includes both property taxes and permanent MIP. Understanding Lemhi County FHA loan limits and tax implications is essential for accurate budgeting.

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.