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Butler County FHA Loan Calculator

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

Loan Details

Butler County, IA Benchmarks

FHA averages
Typical Property Value$208,333
Average Down Payment15.9%
Average Interest Rate6.498%
Effective Tax Rate1.25%
Median Tax Paid$2,226/yr
Tax Growth (Historical)+0.1%
Based on 21 regional loans totaling $3,535,000 (HMDA database).
$
%

$33,125 down · $175,208 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$217 / month

$

Annual premium

$

Per month

%

$74 / month

Estimated Monthly Payment

$1,568/mo

  • Principal & Interest$1,127
  • Property Tax$217
  • Home Insurance$150
  • FHA MIP$74
Amortization · Remaining Balance

Financed Loan Amount

$178,274

Total Interest

$227,379

Total of Payments

$405,653

*Includes financed FHA Upfront MIP of $3,066

Local Market Insights

Butler County FHA Mortgage Overview

For Butler County homebuyers, the 15.95% average down payment on an FHA loan provides accessible entry despite the 6.498% rate. However, with an 84.05% LTV ratio, mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life, making this ideal for those with sub-620 credit. The 1.25% effective property tax rate, with a modest 0.1% inflation-adjusted increase, adds roughly $217 monthly to true affordability. When evaluating Butler County FHA loan limits and tax impacts, remember this data reflects 100% owner-occupied purchases, not investments.

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.