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Clayton County FHA Loan Calculator

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

Loan Details

Clayton County, IA Benchmarks

FHA averages
Typical Property Value$197,083
Average Down Payment10.4%
Average Interest Rate6.522%
Effective Tax Rate0.98%
Median Tax Paid$2,181/yr
Tax Growth (Historical)-1.6%
Based on 24 regional loans totaling $4,090,000 (HMDA database).
$
%

$20,497 down · $176,586 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$161 / month

$

Annual premium

$

Per month

%

$75 / month

Estimated Monthly Payment

$1,524/mo

  • Principal & Interest$1,138
  • Property Tax$161
  • Home Insurance$150
  • FHA MIP$75
Amortization · Remaining Balance

Financed Loan Amount

$179,677

Total Interest

$230,019

Total of Payments

$409,695

*Includes financed FHA Upfront MIP of $3,090

Local Market Insights

Clayton County FHA Mortgage Overview

In Clayton County, the 10.37% FHA down payment offers accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life, regardless of equity. With an 89.63% LTV and 100% owner-occupancy, this data reflects standard homebuyers. The effective property tax rate of 0.98% is modest, and the -1.6% inflation-adjusted tax change provides slight monthly relief. For those using a Clayton County FHA loan calculator with PMI and taxes, this lower tax burden helps offset the permanent MIP cost, making the 6.522% rate more manageable for primary residences.

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.