Mahaska County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Mahaska County, IA Benchmarks

FHA averages

Typical Property Value$211,429

Average Down Payment9.3%

Average Interest Rate6.541%

Effective Tax Rate1.26%

Median Tax Paid$2,077/yr

Tax Growth (Historical)+3.0%

Based on 56 regional loans totaling $10,540,000 (HMDA database).

Home Price

Down Payment

$19,663 down · $191,766 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

$222 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$81 / month

Estimated Monthly Payment

$1,692/mo

Principal & Interest$1,238
Property Tax$222
Home Insurance$150
FHA MIP$81

Amortization · Remaining Balance

Financed Loan Amount

$195,122

Total Interest

$250,717

Total of Payments

$445,839

*Includes financed FHA Upfront MIP of $3,356

Local Market Insights

Mahaska County FHA Mortgage Overview

For Mahaska County homebuyers utilizing an FHA loan, the 9.25% down payment on a $211,429 property requires mandatory Mortgage Insurance Premiums (MIP) for the loan’s entire life, ideal for those with sub-620 credit. Despite the accessible entry, the 90.75% LTV means you cannot cancel MIP. The effective 1.26% property tax rate, with a 3.0% inflation-adjusted increase, adds roughly $222 monthly to true affordability. This data reflects 100% owner-occupied purchases, not investments, making the Mahaska County FHA loan limits and tax landscape favorable for long-term stability.

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.