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Appanoose County FHA Loan Calculator

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

Loan Details

Appanoose County, IA Benchmarks

FHA averages
Typical Property Value$175,323
Average Down Payment13.4%
Average Interest Rate6.357%
Effective Tax Rate1.15%
Median Tax Paid$1,667/yr
Tax Growth (Historical)+7.7%
Based on 31 regional loans totaling $4,495,000 (HMDA database).
$
%

$23,493 down · $151,830 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$168 / month

$

Annual premium

$

Per month

%

$64 / month

Estimated Monthly Payment

$1,345/mo

  • Principal & Interest$962
  • Property Tax$168
  • Home Insurance$150
  • FHA MIP$64
Amortization · Remaining Balance

Financed Loan Amount

$154,487

Total Interest

$191,934

Total of Payments

$346,421

*Includes financed FHA Upfront MIP of $2,657

Local Market Insights

Appanoose County FHA Mortgage Overview

For Appanoose County homebuyers using an FHA loan, the 13.45% average down payment and 86.55% loan-to-value ratio provide accessible entry, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life, regardless of equity. This suits buyers with sub-620 credit scores. With a $175,322 average property value and 6.357% interest rate, the effective 1.15% property tax rate, recently adjusted up 7.7% for inflation, meaningfully impacts monthly affordability. This FHA mortgage analysis with PMI and taxes in Appanoose County, IA, highlights that while down payments are lower, total carrying costs are higher due to permanent MIP and rising taxes.

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.