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Keokuk County FHA Loan Calculator

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

Loan Details

Keokuk County, IA Benchmarks

FHA averages
Typical Property Value$152,500
Average Down Payment8.7%
Average Interest Rate6.578%
Effective Tax Rate1.13%
Median Tax Paid$1,494/yr
Tax Growth (Historical)-2.8%
Based on 20 regional loans totaling $2,760,000 (HMDA database).
$
%

$13,268 down · $139,233 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$144 / month

$

Annual premium

$

Per month

%

$59 / month

Estimated Monthly Payment

$1,256/mo

  • Principal & Interest$903
  • Property Tax$144
  • Home Insurance$150
  • FHA MIP$59
Amortization · Remaining Balance

Financed Loan Amount

$141,669

Total Interest

$183,379

Total of Payments

$325,048

*Includes financed FHA Upfront MIP of $2,437

Local Market Insights

Keokuk County FHA Mortgage Overview

For Keokuk County homebuyers utilizing an FHA loan, the 8.66% average down payment on a $152,500 property provides accessible entry. However, with a 91.34% loan-to-value ratio, mandatory Mortgage Insurance Premiums (MIP) are required for the loan's life, a key factor for an FHA loan down payment analysis. The 1.13% effective property tax rate, coupled with a -2.8% inflation-adjusted decline, slightly improves monthly affordability. This data, reflecting 100% owner-occupied purchases, indicates that while FHA loan limits and tax considerations are favorable, the permanent MIP cost is a long-term factor.

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.