Mortgage Data Labs

Programmatic SEO Local County Calculator

Home>Iowa>Montgomery County (Conventional)

Montgomery County Conventional Mortgage Calculator

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

Loan Details

Montgomery County, IA Benchmarks

Conventional averages
Typical Property Value$208,742
Average Down Payment29.1%
Average Interest Rate7.101%
Effective Tax Rate1.33%
Median Tax Paid$2,007/yr
Tax Growth (Historical)-1.1%
Based on 157 regional loans totaling $16,135,000 (HMDA database).
$
%

$60,744 down · $147,998 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$231 / month

$

Annual premium

$

Per month

%

Not required at 20%+ down

Estimated Monthly Payment

$1,376/mo

  • Principal & Interest$995
  • Property Tax$231
  • Home Insurance$150
Amortization · Remaining Balance

Loan Amount

$147,998

Total Interest

$210,056

Total of Payments

$358,054

Local Market Insights

Montgomery County Conventional Mortgage Overview

Montgomery County homebuyers using a conventional loan are demonstrating strong financial footing, with a weighted average down payment of 29.07% and a low 70.93% loan-to-value ratio. This substantial equity stake allows most buyers to avoid Private Mortgage Insurance (PMI) from the start, significantly lowering monthly payments. For those seeking a conventional loan with taxes in Montgomery County, IA, the effective property tax rate of 1.33% adds roughly $231 per month on the average $208,742 home, though the recent -1.1% inflation-adjusted tax change offers slight relief. All data reflects 100% primary residence purchases, reinforcing a stable, owner-occupied market.

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.