Shoshone County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Shoshone County, ID Benchmarks

FHA averages

Typical Property Value$321,628

Average Down Payment8.6%

Average Interest Rate6.162%

Effective Tax Rate0.54%

Median Tax Paid$1,334/yr

Tax Growth (Historical)+1.7%

Based on 86 regional loans totaling $24,020,000 (HMDA database).

Home Price

Down Payment

$27,660 down · $293,968 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

$145 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$125 / month

Estimated Monthly Payment

$2,244/mo

Principal & Interest$1,824
Property Tax$145
Home Insurance$150
FHA MIP$125

Amortization · Remaining Balance

Financed Loan Amount

$299,112

Total Interest

$357,605

Total of Payments

$656,717

*Includes financed FHA Upfront MIP of $5,144

Local Market Insights

Shoshone County FHA Mortgage Overview

In Shoshone County, the 8.63% average down payment for FHA loans highlights accessible entry, yet mandatory Mortgage Insurance Premiums (MIP) persist for the loan's life due to the 91.37% LTV ratio. This data reflects 100% owner-occupied purchases. The 0.54% property tax rate, with a 1.7% inflation-adjusted increase, adds modest monthly cost. When evaluating an FHA mortgage with property taxes in Shoshone County, ID, the lower down payment suits sub-620 credit buyers, but the 6.162% rate and permanent MIP elevate long-term affordability calculations.

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.