Mortgage Data Labs

Programmatic SEO Local County Calculator

Home>Iowa>Carroll County (FHA)

Carroll County FHA Loan Calculator

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

Loan Details

Carroll County, IA Benchmarks

FHA averages
Typical Property Value$205,952
Average Down Payment14.9%
Average Interest Rate6.296%
Effective Tax Rate1.22%
Median Tax Paid$1,916/yr
Tax Growth (Historical)+0.5%
Based on 21 regional loans totaling $3,385,000 (HMDA database).
$
%

$30,687 down · $175,265 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$209 / month

$

Annual premium

$

Per month

%

$74 / month

Estimated Monthly Payment

$1,538/mo

  • Principal & Interest$1,104
  • Property Tax$209
  • Home Insurance$150
  • FHA MIP$74
Amortization · Remaining Balance

Financed Loan Amount

$178,332

Total Interest

$219,046

Total of Payments

$397,378

*Includes financed FHA Upfront MIP of $3,067

Local Market Insights

Carroll County FHA Mortgage Overview

In Carroll County, the 14.91% average down payment on an FHA loan provides accessible entry for buyers, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life, regardless of equity, making this ideal for those with sub-620 credit. The 85.09% Loan-to-Value (LTV) ratio, combined with 100% owner-occupancy, confirms a standard homebuyer profile. With a 1.22% effective property tax rate and a recent 0.5% inflation-adjusted tax shift, monthly affordability is modestly impacted. When evaluating an FHA loan down payment in Carroll County, IA, consider that PMI and taxes are permanent fixtures in your housing cost, as reflected in local FHA mortgage limits.

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.