Marshall County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Marshall County, IA Benchmarks

FHA averages

Typical Property Value$167,797

Average Down Payment8.6%

Average Interest Rate6.571%

Effective Tax Rate1.29%

Median Tax Paid$2,067/yr

Tax Growth (Historical)-1.2%

Based on 118 regional loans totaling $17,550,000 (HMDA database).

Home Price

Down Payment

$14,431 down · $153,366 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

$180 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$65 / month

Estimated Monthly Payment

$1,389/mo

Principal & Interest$994
Property Tax$180
Home Insurance$150
FHA MIP$65

Amortization · Remaining Balance

Financed Loan Amount

$156,050

Total Interest

$201,624

Total of Payments

$357,674

*Includes financed FHA Upfront MIP of $2,684

Local Market Insights

Marshall County FHA Mortgage Overview

For Marshall County homebuyers using an FHA loan, the 8.64% average down payment provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life due to the 91.36% loan-to-value ratio. This is ideal for those with sub-620 credit. The 1.29% effective property tax rate, with a recent -1.2% inflation-adjusted decrease, slightly improves true monthly affordability. When evaluating Marshall County FHA loan limits and tax impacts, remember that all data reflects standard owner-occupied purchases, not investments.

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.