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Scott County FHA Loan Calculator

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

Loan Details

Scott County, IA Benchmarks

FHA averages
Typical Property Value$218,843
Average Down Payment9.5%
Average Interest Rate6.425%
Effective Tax Rate1.44%
Median Tax Paid$3,273/yr
Tax Growth (Historical)-1.4%
Based on 523 regional loans totaling $102,075,000 (HMDA database).
$
%

$20,790 down · $198,053 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$263 / month

$

Annual premium

$

Per month

%

$84 / month

Estimated Monthly Payment

$1,760/mo

  • Principal & Interest$1,263
  • Property Tax$263
  • Home Insurance$150
  • FHA MIP$84
Amortization · Remaining Balance

Financed Loan Amount

$201,519

Total Interest

$253,216

Total of Payments

$454,735

*Includes financed FHA Upfront MIP of $3,466

Local Market Insights

Scott County FHA Mortgage Overview

In Scott County, the 9.51% average down payment on an FHA loan provides accessible entry for primary residence buyers, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life regardless of equity. The 90.49% loan-to-value ratio confirms this, ideal for those with sub-620 credit. With property values averaging $218,843 and an effective tax rate of 1.44%, the recent -1.4% inflation-adjusted tax change offers slight monthly relief. When evaluating an FHA loan with PMI and taxes in Scott County, IA, or assessing down payment options with property taxes, this low tax shift helps offset mandatory MIP costs.

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.