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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
Your credit score determines your risk profile. A higher score lowers your interest rate and conventional PMI costs.

Representative Score: 780 (Excellent (Prime)) · FHA uses credit-agnostic pricing

Mahaska County, IA Benchmarks

FHA averages
Typical Property Value$211,429
Average Down Payment9.3%
Average Interest Rate6.541%
Effective Tax Rate1.26%
$
%

$19,663 down · $191,766 financed

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.