Woodbury County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Woodbury County, IA Benchmarks

FHA averages

Typical Property Value$229,644

Average Down Payment10.5%

Average Interest Rate6.392%

Effective Tax Rate1.39%

Median Tax Paid$2,656/yr

Tax Growth (Historical)+1.4%

Based on 295 regional loans totaling $58,695,000 (HMDA database).

Home Price

Down Payment

$24,113 down · $205,531 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

$266 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$87 / month

Estimated Monthly Payment

$1,810/mo

Principal & Interest$1,307
Property Tax$266
Home Insurance$150
FHA MIP$87

Amortization · Remaining Balance

Financed Loan Amount

$209,128

Total Interest

$261,298

Total of Payments

$470,426

*Includes financed FHA Upfront MIP of $3,597

Local Market Insights

Woodbury County FHA Mortgage Overview

For Woodbury County homebuyers, the 10.53% down payment on an FHA loan highlights accessible entry, though mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life regardless of equity. The 89.47% loan-to-value ratio confirms low initial equity, ideal for buyers with sub-620 credit seeking owner-occupied financing. With a 1.39% effective property tax rate and a 1.4% inflation-adjusted increase, monthly affordability tightens. When evaluating an FHA loan with PMI and taxes in Woodbury County, IA, or assessing Woodbury County FHA loan limits and tax impacts, these factors directly influence true monthly 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.