Adams County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Adams County, IA Benchmarks

FHA averages

Typical Property Value$206,000

Average Down Payment9.4%

Average Interest Rate6.625%

Effective Tax Rate0.95%

Median Tax Paid$1,661/yr

Tax Growth (Historical)+8.9%

Based on 10 regional loans totaling $1,740,000 (HMDA database).

Home Price

Down Payment

$19,364 down · $186,636 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

$163 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$79 / month

Estimated Monthly Payment

$1,609/mo

Principal & Interest$1,217
Property Tax$163
Home Insurance$150
FHA MIP$79

Amortization · Remaining Balance

Financed Loan Amount

$189,902

Total Interest

$248,071

Total of Payments

$437,973

*Includes financed FHA Upfront MIP of $3,266

Local Market Insights

Adams County FHA Mortgage Overview

For Adams County homebuyers using an FHA loan, the 9.37% average down payment provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life regardless of equity. With a 90.63% loan-to-value ratio and 100% primary occupancy, this data reflects owner-occupied purchases. The effective property tax rate of 0.95% and recent 8.9% inflation-adjusted tax increase meaningfully impact monthly affordability when evaluating an FHA loan with PMI and taxes. Understanding Adams County FHA loan limits and property tax implications is critical for accurate 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.