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Palo Alto County FHA Loan Calculator

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

Loan Details

Palo Alto County, IA Benchmarks

FHA averages
Typical Property Value$180,909
Average Down Payment15.3%
Average Interest Rate6.528%
Effective Tax Rate1.06%
Median Tax Paid$1,474/yr
Tax Growth (Historical)-2.8%
Based on 22 regional loans totaling $3,280,000 (HMDA database).
$
%

$27,679 down · $153,230 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$160 / month

$

Annual premium

$

Per month

%

$65 / month

Estimated Monthly Payment

$1,363/mo

  • Principal & Interest$989
  • Property Tax$160
  • Home Insurance$150
  • FHA MIP$65
Amortization · Remaining Balance

Financed Loan Amount

$155,911

Total Interest

$199,965

Total of Payments

$355,876

*Includes financed FHA Upfront MIP of $2,682

Local Market Insights

Palo Alto County FHA Mortgage Overview

In Palo Alto County, the typical FHA buyer puts 15.31% down on a $180,909 home, which is higher than the FHA minimum but still provides accessible entry. However, because this is an FHA loan, the mandatory Mortgage Insurance Premium (MIP) is required for the life of the loan regardless of this down payment, making it ideal for those with sub-620 credit. The 84.69% loan-to-value (LTV) ratio confirms this is a primary residence market with 100% owner-occupancy. The 1.06% effective property tax rate, combined with a recent -2.8% inflation-adjusted tax decrease, slightly improves monthly affordability for those using an FHA loan with PMI and taxes in Palo Alto County, Iowa.

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.