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Henry County FHA Loan Calculator

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

Loan Details

Henry County, IA Benchmarks

FHA averages
Typical Property Value$172,576
Average Down Payment7.5%
Average Interest Rate6.496%
Effective Tax Rate1.43%
Median Tax Paid$2,559/yr
Tax Growth (Historical)+3.7%
Based on 33 regional loans totaling $5,115,000 (HMDA database).
$
%

$12,943 down · $159,633 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$206 / month

$

Annual premium

$

Per month

%

$68 / month

Estimated Monthly Payment

$1,450/mo

  • Principal & Interest$1,027
  • Property Tax$206
  • Home Insurance$150
  • FHA MIP$68
Amortization · Remaining Balance

Financed Loan Amount

$162,426

Total Interest

$207,166

Total of Payments

$369,592

*Includes financed FHA Upfront MIP of $2,794

Local Market Insights

Henry County FHA Mortgage Overview

Henry County FHA buyers benefit from the 7.52% average down payment, enabling accessible entry with a 92.48% loan-to-value ratio. However, this FHA structure mandates Mortgage Insurance Premiums (MIP) for the loan's life, regardless of equity buildup—ideal for those with sub-620 credit scores. The 1.43% effective property tax rate, with a 3.7% inflation-adjusted increase, adds to monthly costs. When evaluating an FHA loan with PMI and taxes in Henry County, IA, or considering Henry County FHA loan limits and tax implications, note all 100% of purchases are primary residences, reinforcing stable occupancy.

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.