Pocahontas County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Pocahontas County, IA Benchmarks

FHA averages

Typical Property Value$133,824

Average Down Payment9.8%

Average Interest Rate6.490%

Effective Tax Rate1.06%

Median Tax Paid$1,111/yr

Tax Growth (Historical)+1.1%

Based on 17 regional loans totaling $2,045,000 (HMDA database).

Home Price

Down Payment

$13,115 down · $120,709 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

$118 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$51 / month

Estimated Monthly Payment

$1,095/mo

Principal & Interest$776
Property Tax$118
Home Insurance$150
FHA MIP$51

Amortization · Remaining Balance

Financed Loan Amount

$122,822

Total Interest

$156,362

Total of Payments

$279,183

*Includes financed FHA Upfront MIP of $2,112

Local Market Insights

Pocahontas County FHA Mortgage Overview

In Pocahontas County, the 9.81% weighted average down payment on an FHA loan provides accessible entry, but the mandatory Mortgage Insurance Premium (MIP) is required for the life of the loan due to the 90.19% LTV ratio. This structure suits buyers with sub-620 credit scores, as 100% of loans here are for primary residences. At a 1.06% effective property tax rate with a 1.1% inflation-adjusted increase, monthly affordability is impacted. For a property valued at $133,823.53 and a 6.490% rate, these tax shifts and MIP costs are essential to model when evaluating an FHA loan with PMI and taxes in Pocahontas County, IA.

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.