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Howard County FHA Loan Calculator

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

Loan Details

Howard County, IA Benchmarks

FHA averages
Typical Property Value$168,846
Average Down Payment16.9%
Average Interest Rate6.515%
Effective Tax Rate1.17%
Median Tax Paid$1,853/yr
Tax Growth (Historical)+3.1%
Based on 13 regional loans totaling $1,605,000 (HMDA database).
$
%

$28,535 down · $140,311 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$165 / month

$

Annual premium

$

Per month

%

$59 / month

Estimated Monthly Payment

$1,277/mo

  • Principal & Interest$903
  • Property Tax$165
  • Home Insurance$150
  • FHA MIP$59
Amortization · Remaining Balance

Financed Loan Amount

$142,766

Total Interest

$182,429

Total of Payments

$325,195

*Includes financed FHA Upfront MIP of $2,455

Local Market Insights

Howard County FHA Mortgage Overview

For Howard County homebuyers exploring an FHA loan with PMI and taxes, the weighted 16.94% down payment on a $168,846 average property provides accessible entry, though mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life regardless of this equity. The 83.06% loan-to-value ratio confirms this is a standard owner-occupied purchase, not an investment. Factoring the 1.17% effective property tax rate and recent 3.1% inflation-adjusted increase, monthly affordability is notably impacted. Those using an FHA loan down payment in Howard County, Iowa, should budget for both MIP and rising tax costs when assessing true monthly obligations.

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.