Floyd County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Floyd County, IA Benchmarks

FHA averages

Typical Property Value$179,688

Average Down Payment14.7%

Average Interest Rate6.484%

Effective Tax Rate1.15%

Median Tax Paid$1,929/yr

Tax Growth (Historical)+0.9%

Based on 32 regional loans totaling $4,680,000 (HMDA database).

Home Price

Down Payment

$26,414 down · $153,274 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

$172 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$65 / month

Estimated Monthly Payment

$1,371/mo

Principal & Interest$984
Property Tax$172
Home Insurance$150
FHA MIP$65

Amortization · Remaining Balance

Financed Loan Amount

$155,956

Total Interest

$198,175

Total of Payments

$354,131

*Includes financed FHA Upfront MIP of $2,682

Local Market Insights

Floyd County FHA Mortgage Overview

In Floyd County, the 14.66% average down payment on an FHA loan provides accessible entry, but triggers mandatory Mortgage Insurance Premiums (MIP) for the life of the loan—ideal for buyers with sub-620 credit. With an 85.34% loan-to-value ratio, you cannot cancel MIP. The effective property tax rate of 1.15%, adjusted upward by 0.9% for inflation, adds roughly $172 monthly on a $179,688 home. This data reflects 100% primary residences, not investments. For a true monthly budget, consider Floyd County FHA loan limits and tax calculator tools to weigh MIP and property taxes.

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.