Dallas County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Dallas County, IA Benchmarks

FHA averages

Typical Property Value$340,638

Average Down Payment8.0%

Average Interest Rate6.119%

Effective Tax Rate1.37%

Median Tax Paid$5,001/yr

Tax Growth (Historical)0.0%

Based on 337 regional loans totaling $105,065,000 (HMDA database).

Home Price

Down Payment

$27,251 down · $313,387 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

$389 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$133 / month

Estimated Monthly Payment

$2,608/mo

Principal & Interest$1,936
Property Tax$389
Home Insurance$150
FHA MIP$133

Amortization · Remaining Balance

Financed Loan Amount

$318,871

Total Interest

$378,256

Total of Payments

$697,127

*Includes financed FHA Upfront MIP of $5,484

Local Market Insights

Dallas County FHA Mortgage Overview

For Dallas County, IA, the 8.00% average FHA down payment on a $340,638 property provides accessible entry, but this FHA loan requires mandatory Mortgage Insurance Premiums (MIP) for the loan’s life due to the 92.00% LTV ratio. This is ideal for buyers with sub-620 credit scores. The 1.37% effective property tax rate, with a 0.0% inflation-adjusted change, adds $389 monthly to true affordability. When using a Dallas County FHA loan with PMI and taxes, this stable tax burden offers predictable costs 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.