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Osceola County FHA Loan Calculator

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

Loan Details

Osceola County, IA Benchmarks

FHA averages
Typical Property Value$157,500
Average Down Payment5.5%
Average Interest Rate6.625%
Effective Tax Rate0.95%
Median Tax Paid$1,387/yr
Tax Growth (Historical)+3.3%
Based on 12 regional loans totaling $1,810,000 (HMDA database).
$
%

$8,663 down · $148,838 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$125 / month

$

Annual premium

$

Per month

%

$63 / month

Estimated Monthly Payment

$1,308/mo

  • Principal & Interest$970
  • Property Tax$125
  • Home Insurance$150
  • FHA MIP$63
Amortization · Remaining Balance

Financed Loan Amount

$151,442

Total Interest

$197,830

Total of Payments

$349,273

*Includes financed FHA Upfront MIP of $2,605

Local Market Insights

Osceola County FHA Mortgage Overview

Osceola County homebuyers leveraging FHA loans benefit from the accessible 5.45% down payment on a $157,500 average property, ideal for first-time buyers or those with sub-620 credit scores. However, with a 94.55% LTV, the mandatory Mortgage Insurance Premium (MIP) applies for the loan’s lifetime. The effective 0.95% property tax rate, adjusted up 3.3% for inflation, adds roughly $125 monthly to true affordability. For an FHA loan with PMI and taxes in Osceola County, IA, or exploring FHA loan down payment options, this low entry cost is offset by permanent MIP, making it a strategic choice for primary residence buyers.

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.