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Buchanan County FHA Loan Calculator

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

Loan Details

Buchanan County, IA Benchmarks

FHA averages
Typical Property Value$209,857
Average Down Payment11.0%
Average Interest Rate6.642%
Effective Tax Rate1.22%
Median Tax Paid$2,390/yr
Tax Growth (Historical)+1.4%
Based on 35 regional loans totaling $6,395,000 (HMDA database).
$
%

$23,084 down · $186,773 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$213 / month

$

Annual premium

$

Per month

%

$79 / month

Estimated Monthly Payment

$1,661/mo

  • Principal & Interest$1,219
  • Property Tax$213
  • Home Insurance$150
  • FHA MIP$79
Amortization · Remaining Balance

Financed Loan Amount

$190,041

Total Interest

$248,705

Total of Payments

$438,747

*Includes financed FHA Upfront MIP of $3,269

Local Market Insights

Buchanan County FHA Mortgage Overview

In Buchanan County, the average FHA homebuyer puts 11.01% down on a $209,857 property, offering accessible entry. However, with an 88.99% LTV, the mandatory Mortgage Insurance Premium (MIP) applies for the loan’s life—critical for those with sub-620 credit. The 1.22% effective tax rate, adjusted upward 1.4% for inflation, adds roughly $213 monthly to true costs. This data, reflecting 100% owner-occupied purchases, underscores that an FHA loan down payment analysis in Buchanan County must account for permanent MIP and local tax burdens.

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.