Cedar County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Cedar County, IA Benchmarks

FHA averages

Typical Property Value$208,333

Average Down Payment11.6%

Average Interest Rate6.309%

Effective Tax Rate1.08%

Median Tax Paid$2,568/yr

Tax Growth (Historical)+2.4%

Based on 60 regional loans totaling $10,710,000 (HMDA database).

Home Price

Down Payment

$24,167 down · $184,166 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$187 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$78 / month

Estimated Monthly Payment

$1,577/mo

Principal & Interest$1,161
Property Tax$187
Home Insurance$150
FHA MIP$78

Amortization · Remaining Balance

Financed Loan Amount

$187,389

Total Interest

$230,610

Total of Payments

$418,000

*Includes financed FHA Upfront MIP of $3,223

Local Market Insights

Cedar County FHA Mortgage Overview

In Cedar County, the 11.57% average down payment on FHA loans provides accessible entry, but the 88.43% loan-to-value ratio means mandatory Mortgage Insurance Premiums (MIP) are required for the loan’s life—ideal for buyers with sub-620 credit. All purchases are owner-occupied, not investment properties. The effective property tax rate of 1.08%, with a 2.4% inflation-adjusted increase, directly impacts monthly affordability when estimating an FHA loan with PMI and taxes in Cedar County, IA. Understanding these FHA loan limits and tax dynamics is crucial for local homebuyers.

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.