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Louisa County FHA Loan Calculator

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

Loan Details

Louisa County, IA Benchmarks

FHA averages
Typical Property Value$150,294
Average Down Payment8.7%
Average Interest Rate6.888%
Effective Tax Rate1.08%
Median Tax Paid$1,751/yr
Tax Growth (Historical)-3.1%
Based on 17 regional loans totaling $2,225,000 (HMDA database).
$
%

$13,076 down · $137,218 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$135 / month

$

Annual premium

$

Per month

%

$58 / month

Estimated Monthly Payment

$1,262/mo

  • Principal & Interest$919
  • Property Tax$135
  • Home Insurance$150
  • FHA MIP$58
Amortization · Remaining Balance

Financed Loan Amount

$139,620

Total Interest

$191,077

Total of Payments

$330,697

*Includes financed FHA Upfront MIP of $2,401

Local Market Insights

Louisa County FHA Mortgage Overview

In Louisa County, the 8.73% average down payment on an FHA loan provides accessible entry for homebuyers, but mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan regardless of equity buildup—ideal for those with a sub-620 credit score. With a 91.27% loan-to-value ratio and 100% primary occupancy, this market reflects standard owner-occupants. The 1.08% property tax rate, coupled with a -3.1% inflation-adjusted tax decrease, slightly improves monthly affordability. When evaluating an FHA loan with PMI and taxes in Louisa County, IA, or using an FHA down payment analysis, these factors directly impact true housing 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.