Grundy County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Grundy County, IA Benchmarks

FHA averages

Typical Property Value$188,500

Average Down Payment13.4%

Average Interest Rate6.661%

Effective Tax Rate1.18%

Median Tax Paid$2,273/yr

Tax Growth (Historical)+14.3%

Based on 20 regional loans totaling $3,190,000 (HMDA database).

Home Price

Down Payment

$25,259 down · $163,241 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

$185 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$69 / month

Estimated Monthly Payment

$1,472/mo

Principal & Interest$1,067
Property Tax$185
Home Insurance$150
FHA MIP$69

Amortization · Remaining Balance

Financed Loan Amount

$166,098

Total Interest

$218,162

Total of Payments

$384,260

*Includes financed FHA Upfront MIP of $2,857

Local Market Insights

Grundy County FHA Mortgage Overview

In Grundy County, the typical FHA buyer puts 13.42% down on a $188,500 home, which is higher than the standard 3.5% minimum. This down payment reduces risk but does not eliminate Mortgage Insurance Premiums (MIP), which are mandatory for the life of the loan here—a critical factor for those using an FHA loan calculator with PMI and taxes in Grundy County, IA. The 86.58% Loan-to-Value ratio confirms buyers are building immediate equity, yet MIP persists. The effective 1.18% property tax rate, combined with a 14.3% inflation-adjusted tax increase, significantly impacts true monthly affordability. All 100% of these loans are for primary residences, making this data a pure reflection of owner-occupied entry-level demand.

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.