Mortgage Data Labs

Programmatic SEO Local County Calculator

Home>Iowa>Lyon County (FHA)

Lyon County FHA Loan Calculator

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

Loan Details

Lyon County, IA Benchmarks

FHA averages
Typical Property Value$255,000
Average Down Payment18.0%
Average Interest Rate6.301%
Effective Tax Rate0.86%
Median Tax Paid$1,995/yr
Tax Growth (Historical)-2.4%
Based on 11 regional loans totaling $2,075,000 (HMDA database).
$
%

$45,900 down · $209,100 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$183 / month

$

Annual premium

$

Per month

%

$89 / month

Estimated Monthly Payment

$1,738/mo

  • Principal & Interest$1,317
  • Property Tax$183
  • Home Insurance$150
  • FHA MIP$89
Amortization · Remaining Balance

Financed Loan Amount

$212,759

Total Interest

$261,333

Total of Payments

$474,092

*Includes financed FHA Upfront MIP of $3,659

Local Market Insights

Lyon County FHA Mortgage Overview

For Lyon County homebuyers using an FHA loan, the 17.99% down payment on a $255,000 property provides accessible entry despite the 6.301% rate. However, note that FHA Mortgage Insurance Premiums (MIP) are required for the loan’s life, even with this down payment—ideal for those with sub-620 credit. The 82.01% LTV confirms strong equity, but MIP never drops. The 0.86% effective property tax rate, with a -2.4% inflation-adjusted decline, eases monthly costs. When evaluating an FHA loan with PMI and taxes in Lyon County, IA, this data highlights stable affordability for primary residences.

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.