Lee County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Lee County, IA Benchmarks

FHA averages

Typical Property Value$163,525

Average Down Payment13.4%

Average Interest Rate6.549%

Effective Tax Rate1.28%

Median Tax Paid$1,955/yr

Tax Growth (Historical)+2.2%

Based on 61 regional loans totaling $8,525,000 (HMDA database).

Home Price

Down Payment

$21,912 down · $141,613 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

$174 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$60 / month

Estimated Monthly Payment

$1,300/mo

Principal & Interest$915
Property Tax$174
Home Insurance$150
FHA MIP$60

Amortization · Remaining Balance

Financed Loan Amount

$144,091

Total Interest

$185,488

Total of Payments

$329,578

*Includes financed FHA Upfront MIP of $2,478

Local Market Insights

Lee County FHA Mortgage Overview

In Lee County, the 13.36% average down payment on an FHA loan provides accessible entry for buyers, especially those with sub-620 credit scores. However, with a high 86.64% loan-to-value ratio, the mandatory Mortgage Insurance Premium (MIP) is required for the life of the loan, a key factor when using an FHA loan calculator with PMI and taxes in Lee County, IA. This data reflects 100% owner-occupied purchases. The effective property tax rate of 1.28%, coupled with a 2.2% inflation-adjusted increase, directly impacts monthly affordability. For accurate budgeting, an FHA mortgage calculator with property taxes is essential, as these costs are fixed. Understanding Lee County FHA loan limits and tax calculator inputs helps buyers assess true long-term 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.