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Marion County FHA Loan Calculator

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

Loan Details

Marion County, IA Benchmarks

FHA averages
Typical Property Value$252,176
Average Down Payment11.5%
Average Interest Rate6.507%
Effective Tax Rate1.17%
Median Tax Paid$2,848/yr
Tax Growth (Historical)+1.3%
Based on 85 regional loans totaling $18,685,000 (HMDA database).
$
%

$29,000 down · $223,176 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$246 / month

$

Annual premium

$

Per month

%

$95 / month

Estimated Monthly Payment

$1,927/mo

  • Principal & Interest$1,437
  • Property Tax$246
  • Home Insurance$150
  • FHA MIP$95
Amortization · Remaining Balance

Financed Loan Amount

$227,081

Total Interest

$290,167

Total of Payments

$517,249

*Includes financed FHA Upfront MIP of $3,906

Local Market Insights

Marion County FHA Mortgage Overview

For Marion County homebuyers, an 11.50% FHA down payment on a $252,176 property provides accessible entry, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life due to the 88.50% Loan-to-Value ratio. This structure suits those with sub-620 credit scores. The effective 1.17% property tax rate, plus a recent 1.3% inflation-adjusted increase, directly impacts monthly affordability. When using an FHA loan calculator with PMI and taxes in Marion County, IA, or assessing Marion County FHA loan limits and tax calculators, factor in this permanent MIP cost. All data reflects owner-occupied 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.