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Benton County FHA Loan Calculator

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

Loan Details

Benton County, IA Benchmarks

FHA averages
Typical Property Value$226,429
Average Down Payment8.6%
Average Interest Rate6.417%
Effective Tax Rate1.23%
Median Tax Paid$2,727/yr
Tax Growth (Historical)+0.7%
Based on 56 regional loans totaling $11,430,000 (HMDA database).
$
%

$19,473 down · $206,956 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$232 / month

$

Annual premium

$

Per month

%

$88 / month

Estimated Monthly Payment

$1,790/mo

  • Principal & Interest$1,320
  • Property Tax$232
  • Home Insurance$150
  • FHA MIP$88
Amortization · Remaining Balance

Financed Loan Amount

$210,578

Total Interest

$264,599

Total of Payments

$475,177

*Includes financed FHA Upfront MIP of $3,622

Local Market Insights

Benton County FHA Mortgage Overview

Benton County’s FHA data reveals an accessible market for owner-occupants, with an 8.63% down payment and 91.37% LTV. This low entry point, ideal for buyers with sub-620 credit, mandates MIP for the loan’s life—a key factor when using an FHA loan down payment calculator in Benton County, Iowa. The 6.417% interest rate on a $226,429 property, combined with a 1.23% effective tax rate and a 0.7% inflation-adjusted tax increase, raises true monthly costs. For accurate budgeting, an FHA mortgage calculator with property taxes must account for permanent MIP and this tax shift, directly impacting affordability for Benton County FHA loan limits and tax calculator users.

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.