Montgomery County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Montgomery County, IA Benchmarks

FHA averages

Typical Property Value$168,929

Average Down Payment10.8%

Average Interest Rate6.596%

Effective Tax Rate1.33%

Median Tax Paid$2,007/yr

Tax Growth (Historical)-1.1%

Based on 28 regional loans totaling $4,150,000 (HMDA database).

Home Price

Down Payment

$18,244 down · $150,685 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

$187 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$64 / month

Estimated Monthly Payment

$1,380/mo

Principal & Interest$979
Property Tax$187
Home Insurance$150
FHA MIP$64

Amortization · Remaining Balance

Financed Loan Amount

$153,322

Total Interest

$199,191

Total of Payments

$352,513

*Includes financed FHA Upfront MIP of $2,637

Local Market Insights

Montgomery County FHA Mortgage Overview

For Montgomery County homebuyers, an FHA loan with a 10.81% down payment offers accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life—unavoidable even with your 89.19% loan-to-value ratio. The 1.33% effective property tax rate, coupled with a -1.1% inflation-adjusted tax decrease, slightly lowers monthly affordability. This FHA mortgage data reflects 100% owner-occupied purchases, ideal for those with sub-620 credit scores. When evaluating an FHA loan with PMI and taxes in Montgomery County, IA, these local loan limits and tax impacts define true cost.

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.