Gem County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Gem County, ID Benchmarks

FHA averages

Typical Property Value$424,792

Average Down Payment10.4%

Average Interest Rate6.070%

Effective Tax Rate0.32%

Median Tax Paid$1,418/yr

Tax Growth (Historical)-4.7%

Based on 96 regional loans totaling $34,600,000 (HMDA database).

Home Price

Down Payment

$44,178 down · $380,614 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

$113 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$161 / month

Estimated Monthly Payment

$2,764/mo

Principal & Interest$2,339
Property Tax$113
Home Insurance$150
FHA MIP$161

Amortization · Remaining Balance

Financed Loan Amount

$387,274

Total Interest

$454,896

Total of Payments

$842,171

*Includes financed FHA Upfront MIP of $6,661

Local Market Insights

Gem County FHA Mortgage Overview

Gem County’s FHA market reveals an accessible entry point for owner-occupants, with a 10.45% down payment and an 89.55% LTV ratio. This low barrier to entry comes with mandatory Mortgage Insurance Premiums (MIP) for the loan’s life, making it ideal for buyers with sub-620 credit. The 0.32% effective property tax rate is modest, and the recent -4.7% inflation-adjusted tax shift improves true monthly affordability. For a thorough analysis of Gem County FHA loan limits and tax impacts, consider using an FHA loan tool with PMI and taxes to estimate your total monthly cost.

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.