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Adair County FHA Loan Calculator

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

Loan Details

Adair County, IA Benchmarks

FHA averages
Typical Property Value$171,923
Average Down Payment14.5%
Average Interest Rate6.536%
Effective Tax Rate1.15%
Median Tax Paid$2,050/yr
Tax Growth (Historical)+7.0%
Based on 13 regional loans totaling $1,815,000 (HMDA database).
$
%

$24,929 down · $146,994 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$165 / month

$

Annual premium

$

Per month

%

$62 / month

Estimated Monthly Payment

$1,326/mo

  • Principal & Interest$949
  • Property Tax$165
  • Home Insurance$150
  • FHA MIP$62
Amortization · Remaining Balance

Financed Loan Amount

$149,567

Total Interest

$192,182

Total of Payments

$341,748

*Includes financed FHA Upfront MIP of $2,572

Local Market Insights

Adair County FHA Mortgage Overview

In Adair County, FHA buyers leverage a 14.47% down payment on an average $171,923 home, providing accessible entry despite requiring mandatory Mortgage Insurance Premiums (MIP) for the loan’s life—ideal for those with sub-620 credit. The 85.53% loan-to-value ratio confirms this pattern. However, the 1.15% property tax rate, with a recent 7.0% inflation-adjusted increase, directly raises monthly costs. When evaluating an FHA loan with PMI and taxes in Adair County, IA, this tax shift significantly impacts true affordability for owner-occupants. Understanding Adair County FHA loan limits and tax implications is crucial for budgeting.

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.