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Jerome County FHA Loan Calculator

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

Loan Details

Jerome County, ID Benchmarks

FHA averages
Typical Property Value$331,065
Average Down Payment6.6%
Average Interest Rate5.983%
Effective Tax Rate0.62%
Median Tax Paid$1,725/yr
Tax Growth (Historical)+3.1%
Based on 155 regional loans totaling $47,045,000 (HMDA database).
$
%

$21,850 down · $309,215 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$171 / month

$

Annual premium

$

Per month

%

$131 / month

Estimated Monthly Payment

$2,334/mo

  • Principal & Interest$1,882
  • Property Tax$171
  • Home Insurance$150
  • FHA MIP$131
Amortization · Remaining Balance

Financed Loan Amount

$314,626

Total Interest

$363,001

Total of Payments

$677,627

*Includes financed FHA Upfront MIP of $5,411

Local Market Insights

Jerome County FHA Mortgage Overview

Jerome County FHA buyers leverage a 6.60% down payment for accessible entry, though this triggers mandatory Mortgage Insurance Premiums (MIP) for the loan’s life—ideal for those with sub-620 credit. The 93.40% LTV ratio reflects near-maximum financing, with 100% owner-occupancy. At a 5.983% rate on a $331K property, the 0.62% tax rate adds modest monthly cost, but the recent 3.1% inflation-adjusted tax shift pressures long-term affordability. For Jerome County FHA loan limits and tax planning, this data clarifies true monthly obligations.

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.