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Jefferson County FHA Loan Calculator

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

Loan Details

Jefferson County, IA Benchmarks

FHA averages
Typical Property Value$173,276
Average Down Payment12.4%
Average Interest Rate6.493%
Effective Tax Rate1.35%
Median Tax Paid$2,311/yr
Tax Growth (Historical)-6.5%
Based on 29 regional loans totaling $4,265,000 (HMDA database).
$
%

$21,486 down · $151,790 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$195 / month

$

Annual premium

$

Per month

%

$64 / month

Estimated Monthly Payment

$1,384/mo

  • Principal & Interest$975
  • Property Tax$195
  • Home Insurance$150
  • FHA MIP$64
Amortization · Remaining Balance

Financed Loan Amount

$154,446

Total Interest

$196,622

Total of Payments

$351,068

*Includes financed FHA Upfront MIP of $2,656

Local Market Insights

Jefferson County FHA Mortgage Overview

For Jefferson County homebuyers using an FHA loan, the 12.36% down payment on an average $173,276 property provides accessible entry. However, with a median 87.64% loan-to-value ratio, mandatory Mortgage Insurance Premiums (MIP) persist for the loan's life, even with this equity. The effective 1.35% property tax rate, recently adjusted downward by 6.5% for inflation, improves true monthly affordability. This FHA loan with PMI and taxes in Jefferson County, IA, remains ideal for primary residence buyers (100% owner-occupied) seeking lower credit score thresholds. Understanding Jefferson County FHA loan limits and tax impacts is crucial for accurate budgeting.

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.