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Black Hawk County FHA Loan Calculator

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

Loan Details

Black Hawk County, IA Benchmarks

FHA averages
Typical Property Value$194,930
Average Down Payment11.1%
Average Interest Rate6.407%
Effective Tax Rate1.33%
Median Tax Paid$2,842/yr
Tax Growth (Historical)-1.2%
Based on 142 regional loans totaling $24,240,000 (HMDA database).
$
%

$21,637 down · $173,293 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$216 / month

$

Annual premium

$

Per month

%

$73 / month

Estimated Monthly Payment

$1,544/mo

  • Principal & Interest$1,104
  • Property Tax$216
  • Home Insurance$150
  • FHA MIP$73
Amortization · Remaining Balance

Financed Loan Amount

$176,325

Total Interest

$221,144

Total of Payments

$397,469

*Includes financed FHA Upfront MIP of $3,033

Local Market Insights

Black Hawk County FHA Mortgage Overview

In Black Hawk County, the typical FHA buyer puts 11.07% down on a $194,930 property, which is above the minimum 3.5% but still requires mandatory Mortgage Insurance Premiums (MIP) for the life of the loan—ideal for those with sub-620 credit. The 88.93% loan-to-value ratio confirms this is a low-equity entry point for owner-occupied homes. With a 1.33% effective property tax rate and a -1.2% inflation-adjusted tax decrease, monthly affordability improves slightly. When evaluating an FHA loan with PMI and taxes in Black Hawk County, IA, this tax relief helps offset the permanent MIP cost, making the market accessible for first-time buyers.

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.