Mortgage Data Labs

Programmatic SEO Local County Calculator

Home>Iowa>Hamilton County (FHA)

Hamilton County FHA Loan Calculator

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

Loan Details

Hamilton County, IA Benchmarks

FHA averages
Typical Property Value$203,158
Average Down Payment10.8%
Average Interest Rate6.570%
Effective Tax Rate1.17%
Median Tax Paid$1,977/yr
Tax Growth (Historical)+6.1%
Based on 38 regional loans totaling $6,630,000 (HMDA database).
$
%

$21,941 down · $181,217 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$198 / month

$

Annual premium

$

Per month

%

$77 / month

Estimated Monthly Payment

$1,599/mo

  • Principal & Interest$1,174
  • Property Tax$198
  • Home Insurance$150
  • FHA MIP$77
Amortization · Remaining Balance

Financed Loan Amount

$184,388

Total Interest

$238,238

Total of Payments

$422,626

*Includes financed FHA Upfront MIP of $3,171

Local Market Insights

Hamilton County FHA Mortgage Overview

Hamilton County FHA buyers are leveraging an accessible entry point with a 10.77% down payment and an 89.23% loan-to-value ratio, though the 6.570% rate and mandatory lifetime Mortgage Insurance Premiums (MIP) increase monthly obligations. This FHA structure, ideal for those with sub-620 credit, ensures affordability despite the 1.17% effective property tax rate, which has risen 6.1% after inflation. For owner-occupied homes averaging $203,158, integrating property taxes and MIP into your FHA mortgage analysis reveals a true monthly cost that demands careful budgeting in this market.

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.