Jackson County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Jackson County, IA Benchmarks

FHA averages

Typical Property Value$182,857

Average Down Payment9.5%

Average Interest Rate6.496%

Effective Tax Rate0.94%

Median Tax Paid$2,159/yr

Tax Growth (Historical)-1.6%

Based on 42 regional loans totaling $6,540,000 (HMDA database).

Home Price

Down Payment

$17,371 down · $165,486 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

$143 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$70 / month

Estimated Monthly Payment

$1,428/mo

Principal & Interest$1,064
Property Tax$143
Home Insurance$150
FHA MIP$70

Amortization · Remaining Balance

Financed Loan Amount

$168,382

Total Interest

$214,761

Total of Payments

$383,143

*Includes financed FHA Upfront MIP of $2,896

Local Market Insights

Jackson County FHA Mortgage Overview

For Jackson County homebuyers, the 9.54% average down payment with an FHA loan provides accessible entry, but requires mandatory Mortgage Insurance Premiums (MIP) for the loan's life, regardless of building equity. The 90.46% loan-to-value ratio confirms this is standard owner-occupied financing. With a 0.94% effective tax rate and a recent -1.6% inflation-adjusted tax decrease, monthly affordability benefits slightly. When evaluating an FHA mortgage with property taxes and PMI in Jackson County, IA, these data points clarify true costs for buyers seeking FHA loan limits and tax impacts.

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.