Ida County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Ida County, IA Benchmarks

FHA averages

Typical Property Value$145,000

Average Down Payment20.8%

Average Interest Rate6.330%

Effective Tax Rate0.95%

Median Tax Paid$1,260/yr

Tax Growth (Historical)+5.5%

Based on 4 regional loans totaling $470,000 (HMDA database).

Home Price

Down Payment

$30,160 down · $114,840 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

$115 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

Not required at 20%+ down

Estimated Monthly Payment

$1,039/mo

Principal & Interest$726
Property Tax$115
Home Insurance$150
FHA MIP$49

Amortization · Remaining Balance

Financed Loan Amount

$116,850

Total Interest

$144,350

Total of Payments

$261,200

*Includes financed FHA Upfront MIP of $2,010

Local Market Insights

Ida County FHA Mortgage Overview

In Ida County, the 20.82% average down payment on an FHA loan provides accessible entry for owner-occupants, yet the mandatory Mortgage Insurance Premium (MIP) remains for the loan’s life regardless of equity, making this ideal for buyers with sub-620 credit scores. The 79.18% loan-to-value ratio confirms a low risk profile among primary residences. With a 0.95% effective property tax rate and a recent 5.5% inflation-adjusted increase, monthly affordability is squeezed. When using an Ida County FHA mortgage tool with property taxes, factor in this tax shift and FHA loan limits to gauge true costs.

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.