Lucas County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Lucas County, IA Benchmarks

FHA averages

Typical Property Value$189,138

Average Down Payment9.6%

Average Interest Rate6.705%

Effective Tax Rate1.00%

Median Tax Paid$1,645/yr

Tax Growth (Historical)-7.9%

Based on 29 regional loans totaling $4,675,000 (HMDA database).

Home Price

Down Payment

$18,157 down · $170,981 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

$158 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$72 / month

Estimated Monthly Payment

$1,504/mo

Principal & Interest$1,124
Property Tax$158
Home Insurance$150
FHA MIP$72

Amortization · Remaining Balance

Financed Loan Amount

$173,973

Total Interest

$230,582

Total of Payments

$404,555

*Includes financed FHA Upfront MIP of $2,992

Local Market Insights

Lucas County FHA Mortgage Overview

In Lucas County, the typical FHA buyer leverages a 9.62% down payment on a $189,138 property, providing accessible entry. However, this low equity (90.38% LTV) means mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life, a key factor for those considering an FHA loan down payment in Lucas County, Iowa. With a 1.00% property tax rate and a -7.9% inflation-adjusted decline, monthly costs are slightly relieved. This data reflects 100% owner-occupied purchases, making an FHA mortgage analysis with property taxes essential for true affordability.

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.