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Franklin County FHA Loan Calculator

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

Loan Details

Franklin County, ID Benchmarks

FHA averages
Typical Property Value$395,000
Average Down Payment10.1%
Average Interest Rate5.847%
Effective Tax Rate0.38%
Median Tax Paid$1,482/yr
Tax Growth (Historical)-4.9%
Based on 62 regional loans totaling $21,380,000 (HMDA database).
$
%

$39,895 down · $355,105 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$125 / month

$

Annual premium

$

Per month

%

$151 / month

Estimated Monthly Payment

$2,557/mo

  • Principal & Interest$2,132
  • Property Tax$125
  • Home Insurance$150
  • FHA MIP$151
Amortization · Remaining Balance

Financed Loan Amount

$361,319

Total Interest

$406,046

Total of Payments

$767,365

*Includes financed FHA Upfront MIP of $6,214

Local Market Insights

Franklin County FHA Mortgage Overview

In Franklin County, Idaho, the 10.07% average down payment for FHA loans provides accessible entry, though mandatory Mortgage Insurance Premiums (MIP) apply for the life of the loan due to the high 89.93% Loan-to-Value ratio. This structure is ideal for buyers with sub-620 credit scores purchasing primary residences. The effective property tax rate of 0.38% is low, and the recent -4.9% inflation-adjusted tax change reduces monthly carrying costs. For precise FHA loan limits and tax impacts, analyzing FHA loan down payment scenarios with PMI and taxes in Franklin County, ID, is essential for accurate 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.