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Davis County Conventional Mortgage Calculator

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

Loan Details

Davis County, IA Benchmarks

Conventional averages
Typical Property Value$237,317
Average Down Payment23.3%
Average Interest Rate5.912%
Effective Tax Rate1.51%
Median Tax Paid$2,269/yr
Tax Growth (Historical)-0.7%
Based on 83 regional loans totaling $9,035,000 (HMDA database).
$
%

$55,295 down · $182,022 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$299 / month

$

Annual premium

$

Per month

%

Not required at 20%+ down

Estimated Monthly Payment

$1,529/mo

  • Principal & Interest$1,081
  • Property Tax$299
  • Home Insurance$150
Amortization · Remaining Balance

Loan Amount

$182,022

Total Interest

$207,068

Total of Payments

$389,090

Local Market Insights

Davis County Conventional Mortgage Overview

In Davis County, the 23.27% average down payment on a Conventional loan is a strong indicator of buyer equity and creditworthiness. This level exceeds the 20% threshold, meaning most buyers here avoid Private Mortgage Insurance (PMI) from the start, a significant cost saving. With a median Loan-to-Value (LTV) of 76.73%, these owner-occupied buyers already hold over 23% equity, reducing lender risk. The effective property tax rate of 1.51% is notable, but the recent -0.7% inflation-adjusted tax shift provides slight monthly relief, improving true affordability for those using a conventional mortgage with taxes in Davis County, Iowa. For a conventional mortgage calculator with PMI and taxes in Davis County, Iowa, this high down payment suggests PMI is rarely a factor, allowing buyers to focus on the property value of $237,317.07.

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.