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Worth County Conventional Mortgage Calculator

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

Loan Details

Worth County, IA Benchmarks

Conventional averages
Typical Property Value$203,036
Average Down Payment17.2%
Average Interest Rate6.846%
Effective Tax Rate0.91%
Median Tax Paid$1,600/yr
Tax Growth (Historical)+1.4%
Based on 58 regional loans totaling $7,880,000 (HMDA database).
$
%

$34,922 down · $168,114 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$154 / month

$

Annual premium

$

Per month

%

$70 / month

Estimated Monthly Payment

$1,476/mo

  • Principal & Interest$1,102
  • Property Tax$154
  • Home Insurance$150
  • PMI$70
Amortization · Remaining Balance

Loan Amount

$168,114

Total Interest

$228,455

Total of Payments

$396,569

Local Market Insights

Worth County Conventional Mortgage Overview

In Worth County, the 17.23% average down payment on a Conventional loan indicates strong buyer credit and equity, allowing most to avoid Private Mortgage Insurance (PMI) since the median Loan-to-Value (LTV) ratio is 82.77%. With 100% owner-occupancy, borrowers are building equity efficiently; once they reach 20% equity, PMI can be canceled. The effective tax rate of 0.91% on a $203,036 property is manageable, though the 1.4% inflation-adjusted tax increase slightly raises monthly costs. For a Worth County conventional mortgage with taxes and PMI, this data shows a stable, low-risk market for primary residences.

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.