Delaware County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Delaware County, IA Benchmarks

FHA averages

Typical Property Value$209,400

Average Down Payment15.8%

Average Interest Rate6.495%

Effective Tax Rate1.16%

Median Tax Paid$2,382/yr

Tax Growth (Historical)+2.0%

Based on 25 regional loans totaling $3,985,000 (HMDA database).

Home Price

Down Payment

$33,085 down · $176,315 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

$202 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$75 / month

Estimated Monthly Payment

$1,561/mo

Principal & Interest$1,134
Property Tax$202
Home Insurance$150
FHA MIP$75

Amortization · Remaining Balance

Financed Loan Amount

$179,400

Total Interest

$228,815

Total of Payments

$408,216

*Includes financed FHA Upfront MIP of $3,086

Local Market Insights

Delaware County FHA Mortgage Overview

In Delaware County, the 15.80% weighted average down payment on an FHA loan provides accessible entry, but mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan, regardless of equity. With an 84.20% loan-to-value ratio and 100% owner-occupied purchases, this market favors buyers with sub-620 credit scores seeking primary residences. The effective property tax rate of 1.16%, adjusted upward by 2.0% for inflation, directly impacts monthly affordability. When evaluating an FHA loan with PMI and taxes in Delaware County, IA, or exploring Delaware County FHA loan limits and tax impacts, remember that MIP is permanent, making the total monthly obligation higher than a conventional loan with a similar down payment.

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.