Idaho FHA Loan
Estimate the monthly payment on a Idaho FHA-backed mortgage including mortgage insurance.
About Idaho FHA Loan
FHA loans let Idaho buyers finance with as little as 3.5% down; the trade-off is an upfront MIP (1.75% financed into the loan) plus an annual mortgage-insurance premium (approximated here at 0.55%).
Formula
Payment
M = P × r(1+r)^n / ((1+r)^n − 1)
Worked example
With the default values below, Idaho FHA Loan returns Monthly Payment of $2,273.49. Change any input above and every figure here is recalculated in your browser.
Inputs used
- Home priceminimum 0
- 350,000
- Down paymentaccepts 0–100
- 3.5
- Annual interest rateaccepts 0–30
- 6.25
- Loan termone of 30 years, 15 years
- 30 years
Results
- Monthly Payment
- $2,273.49
- Principal + Interest
- $2,115.98
- Mortgage Insurance
- $157.51
- Total Interest
- $474,795.31
Step by step
- 1Values used
- 2Payment
- 3Monthly Payment= 2,273.49
- 4Principal + Interest= 2,115.98
- 5Mortgage Insurance= 157.51
- 6Total Interest= 474,795.31
Assumptions and limits
- The result is derived only from the 4 inputs listed above. Anything not among them is not part of the calculation.
- In particular, this calculator does not take inflation, tax or fees or charges into account.
- Figures are rounded for display to 2 decimal places, so totals built from several rounded parts can differ slightly from the unrounded arithmetic.
- Estimate only — confirm rates and terms with your lender.
- This is an estimate for general information and not professional financial, tax or legal advice. See the full disclaimer for the limits that apply to this kind of calculator.
How these calculators are built and tested is described on the Methodology page. If a figure looks wrong, please report it.
Idaho rules are not built in
Idaho-specific rules are not built into this calculator. It uses the same general calculation as Alabama FHA Loan. Check current figures with Idaho’s official source before relying on the result.
Tax year: not verified · Source: none built in
Estimate only — confirm rates and terms with your lender.
Frequently Asked Questions
Does FHA always require mortgage insurance?
Yes — MIP is mandatory on FHA loans and typically stays for the life of the loan depending on the down payment.
How accurate is this estimate?
Rates are approximate reference values. Local rates, exemptions and rules can differ, so treat the output as a planning figure only.