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Iron County FHA Loan Calculator

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

Loan Details

Iron County, MO Benchmarks

FHA averages
Typical Property Value$214,167
Average Down Payment12.4%
Average Interest Rate6.440%
Effective Tax Rate0.49%
Median Tax Paid$810/yr
Tax Growth (Historical)+6.8%
Based on 36 regional loans totaling $6,570,000 (HMDA database).
$
%

$26,557 down · $187,610 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$87 / month

$

Annual premium

$

Per month

%

$80 / month

Estimated Monthly Payment

$1,516/mo

  • Principal & Interest$1,199
  • Property Tax$87
  • Home Insurance$150
  • FHA MIP$80
Amortization · Remaining Balance

Financed Loan Amount

$190,893

Total Interest

$240,766

Total of Payments

$431,659

*Includes financed FHA Upfront MIP of $3,283

Local Market Insights

Iron County FHA Mortgage Overview

In Iron County, the typical FHA buyer puts down 12.38%, a figure well above the 3.5% minimum, yet the 87.62% LTV confirms mandatory MIP for the loan’s life. This structure suits those with sub-620 credit seeking accessible entry. The 0.49% property tax rate is low, but the recent 6.8% inflation-adjusted shift will increase monthly costs. When evaluating an Iron County FHA loan with PMI and taxes, the $214,167 average value and 6.44% rate mean the down payment lowers principal, but the permanent MIP offsets some savings. This data reflects 100% owner-occupied purchases, not investment properties.

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.