Des Moines County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Des Moines County, IA Benchmarks

FHA averages

Typical Property Value$139,526

Average Down Payment9.3%

Average Interest Rate6.626%

Effective Tax Rate1.36%

Median Tax Paid$2,058/yr

Tax Growth (Historical)-4.8%

Based on 95 regional loans totaling $11,755,000 (HMDA database).

Home Price

Down Payment

$12,976 down · $126,550 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$158 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$54 / month

Estimated Monthly Payment

$1,187/mo

Principal & Interest$825
Property Tax$158
Home Insurance$150
FHA MIP$54

Amortization · Remaining Balance

Financed Loan Amount

$128,765

Total Interest

$168,207

Total of Payments

$296,971

*Includes financed FHA Upfront MIP of $2,215

Local Market Insights

Des Moines County FHA Mortgage Overview

Des Moines County FHA buyers benefit from accessible entry via a 9.34% down payment on an average $139,526 property. However, mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life due to the 90.66% LTV ratio, making this ideal for credit-challenged or sub-620 score borrowers. The 1.36% effective tax rate, combined with a -4.8% inflation-adjusted tax decline, improves monthly affordability. This owner-occupied market shows strong primary residence demand, though the 6.626% interest rate and lifetime MIP require careful budgeting for FHA loan costs with property taxes in Des Moines County, Iowa.

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.