Van Buren County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Van Buren County, IA Benchmarks

FHA averages

Typical Property Value$283,000

Average Down Payment12.8%

Average Interest Rate6.291%

Effective Tax Rate0.78%

Median Tax Paid$1,355/yr

Tax Growth (Historical)-7.9%

Based on 5 regional loans totaling $1,245,000 (HMDA database).

Home Price

Down Payment

$36,224 down · $246,776 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

$184 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$105 / month

Estimated Monthly Payment

$1,991/mo

Principal & Interest$1,553
Property Tax$184
Home Insurance$150
FHA MIP$105

Amortization · Remaining Balance

Financed Loan Amount

$251,095

Total Interest

$307,831

Total of Payments

$558,925

*Includes financed FHA Upfront MIP of $4,319

Local Market Insights

Van Buren County FHA Mortgage Overview

For Van Buren County homebuyers utilizing an FHA loan, the 12.75% down payment on a $283,000 property provides accessible entry, but the 87.25% LTV ratio means mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan—ideal for those with sub-620 credit. The effective property tax rate of 0.78% is modest, and the recent -7.9% inflation-adjusted tax shift lowers monthly affordability. When exploring Van Buren County FHA loan limits and property tax impacts, note that 100% of these purchases are owner-occupied, reflecting a stable, primary-residence market with predictable long-term 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.