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Madison County FHA Loan Calculator

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

Loan Details

Madison County, ID Benchmarks

FHA averages
Typical Property Value$379,375
Average Down Payment6.4%
Average Interest Rate5.990%
Effective Tax Rate0.54%
Median Tax Paid$2,001/yr
Tax Growth (Historical)+7.1%
Based on 64 regional loans totaling $22,510,000 (HMDA database).
$
%

$24,280 down · $355,095 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$171 / month

$

Annual premium

$

Per month

%

$151 / month

Estimated Monthly Payment

$2,635/mo

  • Principal & Interest$2,164
  • Property Tax$171
  • Home Insurance$150
  • FHA MIP$151
Amortization · Remaining Balance

Financed Loan Amount

$361,309

Total Interest

$417,698

Total of Payments

$779,007

*Includes financed FHA Upfront MIP of $6,214

Local Market Insights

Madison County FHA Mortgage Overview

For Madison County homebuyers, an FHA loan with a 6.39% down payment offers accessible entry on a $379,375 property, requiring just over $24,000 upfront. However, with a 93.61% Loan-to-Value ratio, mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life—ideal for those with sub-620 credit scores. The 0.54% effective property tax rate adds roughly $170 monthly, and the recent 7.1% inflation-adjusted tax shift increases true affordability pressure. This FHA loan with PMI and taxes in Madison County, ID, suits primary residence buyers, but the permanent MIP means your monthly cost remains higher than a conventional loan with 20% equity.

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.