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Cass County FHA Loan Calculator

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

Loan Details

Cass County, IA Benchmarks

FHA averages
Typical Property Value$176,364
Average Down Payment9.6%
Average Interest Rate6.530%
Effective Tax Rate1.40%
Median Tax Paid$2,019/yr
Tax Growth (Historical)+2.9%
Based on 44 regional loans totaling $6,900,000 (HMDA database).
$
%

$16,931 down · $159,433 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$206 / month

$

Annual premium

$

Per month

%

$68 / month

Estimated Monthly Payment

$1,452/mo

  • Principal & Interest$1,029
  • Property Tax$206
  • Home Insurance$150
  • FHA MIP$68
Amortization · Remaining Balance

Financed Loan Amount

$162,223

Total Interest

$208,060

Total of Payments

$370,283

*Includes financed FHA Upfront MIP of $2,790

Local Market Insights

Cass County FHA Mortgage Overview

For Cass County homebuyers, the 9.62% average down payment on an FHA loan provides accessible entry, but the mandatory Mortgage Insurance Premium (MIP) applies for the loan's life, regardless of this equity stake. With a 90.38% loan-to-value ratio and 100% owner-occupancy, this data reflects standard primary residence purchases. The effective 1.40% property tax rate, adjusted upward by 2.9% for inflation, directly impacts monthly affordability when using an FHA mortgage with PMI and taxes in Cass County, IA. Understanding Cass County FHA loan limits and tax impacts is crucial 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.