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Winneshiek County FHA Loan Calculator

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

Loan Details

Winneshiek County, IA Benchmarks

FHA averages
Typical Property Value$317,500
Average Down Payment24.4%
Average Interest Rate6.412%
Effective Tax Rate0.99%
Median Tax Paid$2,894/yr
Tax Growth (Historical)+0.8%
Based on 16 regional loans totaling $3,680,000 (HMDA database).
$
%

$77,470 down · $240,030 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$262 / month

$

Annual premium

$

Per month

%

Not required at 20%+ down

Estimated Monthly Payment

$2,043/mo

  • Principal & Interest$1,529
  • Property Tax$262
  • Home Insurance$150
  • FHA MIP$102
Amortization · Remaining Balance

Financed Loan Amount

$244,231

Total Interest

$306,309

Total of Payments

$550,539

*Includes financed FHA Upfront MIP of $4,201

Local Market Insights

Winneshiek County FHA Mortgage Overview

For Winneshiek County homebuyers utilizing an FHA loan, the 24.36% average down payment on a $317,500 property is substantial, yet mandatory Mortgage Insurance Premiums (MIP) remain for the loan’s life, regardless of equity. This data reflects 100% owner-occupied purchases, not investments. The 75.64% loan-to-value ratio confirms low risk, but FHA’s MIP persists, making this ideal for buyers with sub-620 credit. The 0.99% effective tax rate, adjusted 0.8% for inflation, adds a predictable monthly cost. When estimating true affordability with an FHA mortgage and property taxes in Winneshiek County, IA, factor in this permanent MIP alongside the 6.412% interest rate.

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.