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Jones County FHA Loan Calculator

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

Loan Details

Jones County, IA Benchmarks

FHA averages
Typical Property Value$205,256
Average Down Payment10.1%
Average Interest Rate6.459%
Effective Tax Rate1.16%
Median Tax Paid$2,450/yr
Tax Growth (Historical)-0.2%
Based on 39 regional loans totaling $6,805,000 (HMDA database).
$
%

$20,731 down · $184,525 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$198 / month

$

Annual premium

$

Per month

%

$78 / month

Estimated Monthly Payment

$1,608/mo

  • Principal & Interest$1,182
  • Property Tax$198
  • Home Insurance$150
  • FHA MIP$78
Amortization · Remaining Balance

Financed Loan Amount

$187,754

Total Interest

$237,694

Total of Payments

$425,448

*Includes financed FHA Upfront MIP of $3,229

Local Market Insights

Jones County FHA Mortgage Overview

For Jones County homebuyers, the 10.12% average down payment on an FHA loan provides accessible entry, though the 89.88% LTV ratio means mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life, regardless of equity. This is ideal for those with sub-620 credit. The 1.16% effective property tax rate, with a recent -0.2% inflation-adjusted decrease, slightly improves monthly affordability. When evaluating an FHA loan with PMI and taxes in Jones County, IA, this data confirms stable owner-occupied demand (100% primary residency). Understanding Jones County FHA loan limits and tax impacts helps buyers budget for true monthly 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.