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Hancock County FHA Loan Calculator

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

Loan Details

Hancock County, IA Benchmarks

FHA averages
Typical Property Value$175,000
Average Down Payment7.3%
Average Interest Rate6.576%
Effective Tax Rate1.18%
Median Tax Paid$1,673/yr
Tax Growth (Historical)+5.3%
Based on 24 regional loans totaling $3,830,000 (HMDA database).
$
%

$12,775 down · $162,225 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$172 / month

$

Annual premium

$

Per month

%

$69 / month

Estimated Monthly Payment

$1,443/mo

  • Principal & Interest$1,052
  • Property Tax$172
  • Home Insurance$150
  • FHA MIP$69
Amortization · Remaining Balance

Financed Loan Amount

$165,064

Total Interest

$213,662

Total of Payments

$378,726

*Includes financed FHA Upfront MIP of $2,839

Local Market Insights

Hancock County FHA Mortgage Overview

Hancock County’s FHA loan market shows a 7.25% down payment, offering accessible entry for owner-occupants. With a 92.75% LTV ratio, mandatory MIP applies for the loan’s life, ideal for buyers with sub-620 credit. The 1.18% property tax rate, with a 5.3% inflation-adjusted increase, raises monthly costs. For an FHA loan with PMI and taxes in Hancock County, IA, this tax shift means higher true affordability. FHA loan limits here support a $175,000 property, but the tax hike demands careful budget planning.

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.