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Ida County FHA Loan Calculator

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

Loan Details
Your credit score determines your risk profile. A higher score lowers your interest rate and conventional PMI costs.

Representative Score: 780 (Excellent (Prime)) · FHA uses credit-agnostic pricing

Ida County, IA Benchmarks

FHA averages
Typical Property Value$145,000
Average Down Payment20.8%
Average Interest Rate6.330%
Effective Tax Rate0.95%
$
%

$30,160 down · $114,840 financed

Estimated Monthly Payment

$1,039/mo

  • Principal & Interest$726
  • Property Tax$115
  • Home Insurance$150
  • FHA MIP$49
Amortization · Remaining Balance

Financed Loan Amount

$116,850

Total Interest

$144,350

Total of Payments

$261,200

*Includes financed FHA Upfront MIP of $2,010

Local Market Insights

Ida County FHA Mortgage Overview

In Ida County, the 20.82% average down payment on an FHA loan provides accessible entry for owner-occupants, yet the mandatory Mortgage Insurance Premium (MIP) remains for the loan’s life regardless of equity, making this ideal for buyers with sub-620 credit scores. The 79.18% loan-to-value ratio confirms a low risk profile among primary residences. With a 0.95% effective property tax rate and a recent 5.5% inflation-adjusted increase, monthly affordability is squeezed. When using an Ida County FHA mortgage tool with property taxes, factor in this tax shift and FHA loan limits to gauge true costs.

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.